Category Archives: Eurasian Axis

Ukraine: Transfer of Power Balance from West to East, by Cameron Leckie

The American Empire and dollar hegemony are over. From Cameron Leckie at consortiumnews.com:

Own goal: Cameron Leckie says the Western response to Russia’s invasion of Ukraine is rapidly accelerating what had been a more drawn-out process.  

Economic connections between U.S., EU, China, Russia and India. (Thereisnous, CC0, Wikimedia Commons)

Most of the debate and coverage of the ongoing Russo-Ukrainian war in Australia and the Western world is decidedly banal. It is characterized by the simplification of an extremely complex situation to generate a narrative that can be summarized as Putin and Russia are evil and Ukraine is good.

This gross simplification is not helpful in either understanding the causes of the war, the nature of the war, its broader implications and most importantly of all, how it can be ended with the least number of additional deaths and injuries and damage to Ukraine’s infrastructure.

The preponderance of human-interest reporting of the conflict in lieu of coverage of the war itself is illustrative. The heartbreaking examples of families torn asunder along with the brave exploits of Ukrainian soldiers or allegations of war crimes by Russia, whilst important, tends to trigger an emotional response rather than provide an accurate depiction of the course of events.

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Meet the New, Resource-Based Global Reserve Currency, by Pepe Escobar

The petrodollar is no more, and the dollar is no longer considered the reserve currency in a substantial portion of the world. From Pepe Escobar at strategic-culture.org:

A new reality is being formed: the unipolar world is irrevocably becoming a thing of the past, a multipolar one is taking shape

It was something to behold. Dmitri Medvedev, former Russian President, unrepentant Atlanticist, current deputy chairman of the Russian Security Council, decided to go totally unplugged in an outburst matching the combat star turn of Mr. Khinzal that delivered palpable shock and awe all across NATOstan.

Medvedev said “hellish” Western sanctions not only have failed to cripple Russia, but are instead “returning to the West like a boomerang.” Confidence in reserve currencies is “fading like the morning mist”, and ditching the US dollar and the euro is not unrealistic anymore: “The era of regional currencies is coming.”

After all, he added, “no matter if they want it or not, they’ll have to negotiate a new financial order (…) And the decisive voice will then be with those countries that have a strong and advanced economy, healthy public finances and a reliable monetary system.”

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Is Russia the REAL target of Western sanctions? By Kit Knightly

Are the sanctions ostensibly aimed at Russia really aimed at the U.S. and Europe to bring down their economies? From Kit Knightly at off-guardian.org:

Soaring oil prices, energy and food crises on the horizon…is it possible the REAL target of this economic war is us?

The first tweet I saw when I checked my timeline this morning was from foreign policy analyst Clint Ehlirch, pointing out that the Russian ruble has already started recovering from the dip created by Western sanctions, and is almost at pre-war levels:

Ehrlich states, “sanctions were designed to collapse the value of the Ruble, they have failed”.

…to which I can only respond, well “were they?”

…and perhaps more importantly, “have they?”

Because it doesn’t really look like it, does it?

If anything, the sanctions seem to be at best rather impotent, and at worst amazingly counterproductive.

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Edging towards a gold standard, by Alasdair Macleod

The Ukraine-Russia war is become as much a financial as a military war, if not more so. From Alasdair Macleod at goldmoney.com:

Commentators are trying to make sense of Russian moves. However, there is a back story which differs from much of the speculation, which this article addresses.

The Russians have not put the rouble on some sort of gold standard. Instead, they have repeated the Nixon/Kissinger strategy which created the petrodollar in 1973 by getting the Saudis to agree to accept only dollars for oil. This time, nations deemed by Russia to be unfriendly will be forced to buy roubles – roughly 2 trillion by the EU alone based on last year’s natural gas and oil imports from Russia — driving up the exchange rate. The rouble has now doubled against the dollar from its low point of RUB 150 to RUB 75 yesterday in just over three weeks. The Russian Central Bank will soon be able to normalise the domestic economy by reducing interest rates and removing exchange controls

The Russians and Chinese will be acutely aware that Western currencies, particularly the yen and euro, are likely to be undermined by recent developments. The financial war, which has always been in the background, is emerging into plain sight and becoming a battlefield between fiat currencies, and it is full on.

The winner by default is almost certainly gold, now the only reliable reserve asset for those not aligned with Russia’s “unfriendlies”. But it is still a long way from backing any currency.

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How Mariupol Will Become a Key Hub of Eurasia Integration, by Pepe Escobar

Mariupol should be at the center of the action in the Russian-China Eurasion integration project. From Pepe Escobar at unz.com:

Mariupol, the strategic Sea of Azov port, remains in the eye of the storm in Ukraine.

The NATO narrative is that Azovstal – one of Europe’s biggest iron and steel works – was nearly destroyed by the Russian Army and its allied Donetsk forces who “lay siege” to Mariupol.

The true story is that the neo-Nazi Azov battalion took scores of Mariupol civilians as human shields since the start of the Russian military operation in Ukraine, and retreated to Azovstal as a last stand. After an ultimatum delivered last week, they are now being completely exterminated by the Russian and Donetsk forces and Chechen Spetsnaz.

Azovstal, part of the Metinvest group controlled by Ukraine’s wealthiest oligarch, Rinat Akhmetov, is indeed one of the biggest metallurgic plants in Europe, self-described as a “high-performance integrated metallurgical enterprise that produces coke and sinter, steel as well as high-quality rolled products, bars and shapes.”

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Geo-Politics Is Metamorphosing at Every Moment

The metamorphosis is from a unipolar to a multipolar world. From Alastair Crooke at strategic-culture.org:

Whilst Europe and the U.S. never have been more closely aligned, the ‘West’ paradoxically has also never been more alone.

Very occasionally, a single anecdote can almost completely summate a moment in history. And this one did: In 2005, Zbig Brzezinski, the architect of Afghanistan as quagmire to the Soviet Union, and the author of The Grand Chessboard (which embedded the Mackinder dictum of ‘he who controls the Asian heartland controls the world’ into U.S. foreign policy), sat down in Washington with Alexander Dugin, Russian political philosopher and advocate for a ‘heartland’ cultural and geo-political renaissance.

Brzezinski had already written in his book that, absent Ukraine, Russia would never become the heartland power; but with it, Russia can and would. The meeting had been set with a photo-prop of a chessboard placed between Brzezinski and Dugin (to promote Brzezinski’s book). This arrangement with a chessboard prompted Dugin to ask whether Brzezinski considered Chess to be a game meant for two: “No, Zbig shot back: It is a game for one. Once a chess piece is moved; you turn the board around, and you move the other side’s chess pieces. There is ‘no other’ in this game”, Brzezinski insisted.

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We Are In So Much Trouble, by Michael Snyder

It’s hard to argue with Michael Snyder on this one. From Snyder at economiccollapseblog.com:

What we are witnessing is truly the beginning of the end.  In recent months I have focused a lot on the economic implosion that is now taking place, but what we are facing is so much broader than that.  Our society is literally falling to pieces all around us, and now World War 3 has begun.  Many regard the war that has erupted on the other side of the globe as just a conflict between Ukraine and Russia, but the truth is that it is really a proxy war between the United States and Russia.  And since neither side seems much interested in diplomacy at this point, this proxy war could eventually become a shooting war between the two greatest nuclear powers on the entire planet.

Before the war started, events were already starting to accelerate substantially.  Inflation was out of control, a new energy crisis had flared up, and global food supplies were getting tighter and tighter.  But now we are truly in unprecedented territory.  If you doubt this, just look at what is happening to the price of fertilizer.

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#GotGoldorRubles? Russia Just Broke the Back of the West, by Tom Luongo

U.S. debt, epitomized by its flagship Federal Reserve Note, has become America’s Achilles heel. From Tom Luongo at tomluongo.me:

I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold.  But, to be clear, Russia just broke the paper gold suppression scheme.

On Friday the Bank of Russia announced:

RUB5000 to the ounce at an exchange rate of 100 RUB/USD implies a $1550 per ounce gold price.

For a few days previous to this announcement, which they knew was coming, The West was running around with multiple bits of legislation to try and keep the Russians from selling their gold.

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Biden Confirms Why the US Needed This War, by Joe Lauria

The war in the Ukraine is supposed to morph into a classic U.S. regime change operation. From Joe Lauria at consortiumnews.com:

In a moment of candor, Joe Biden has revealed why the U.S. needed the Russian invasion and why it needs it to continue, writes Joe Lauria.

President Biden departs Brussels en route to Poland early Friday morning. (White House)

The U.S. got its war in Ukraine. Without it, Washington could not attempt to destroy Russia’s economy, orchestrate worldwide condemnation and lead an insurgency to bleed Russia, all part of an attempt to bring down its government. Joe Biden has now left no doubt that it’s true.

The president of the United States has confirmed what Consortium News and others have been reporting since the beginnings of Russsiagate in 2016, that the ultimate U.S. aim is to overthrow the government of Vladimir Putin.

“For God’s sake, this man cannot remain in power,” Biden said on Saturday at the Royal Castle in Warsaw. The White House and the State Dept. have been scrambling to explain away Biden’s remark.

But it is too late.

“The President’s point was that Putin cannot be allowed to exercise power over his neighbors or the region,” a White House official said. “He was not discussing Putin’s power in Russia, or regime change.”

On Sunday, U.S. Secretary of State Antony Blinken said, “As you know, and as you have heard us say repeatedly, we do not have a strategy of regime change in Russia, or anywhere else, for that matter,” the last words inserted for comic relief.

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Springtime for GloboCap, by C.J. Hopkins

Every putative enemy of the Deep State was the new Hitler, a Nazi, but now the Deep State wants a war for Ukraine,  whose government is festooned with real-life Nazis. From C.J. Hopkins at consentfactory.org:

Warm up the Wagnerian orchestra and call in the goose-stepping chorus girls, because … yes, that’s right, it’s Springtime for GloboCap! “The Winter of Severe Illness and Death” is over! The big Black Sun is shining again! God’s in his heaven, all’s right with the world!

OK, sure, the vast majority of humanity are suffering from post-traumatic stress, having been terrorized, gaslighted, threatened, bullied, and otherwise systematically mindfucked by their governments, the media, and “health authorities” on a daily basis for the past two years, and we’re all exhausted and at each other’s throats, and many of our businesses and incomes have been ruined, and inflation is spiraling out of control, and a lot of us are still being gratuitously demonized, segregated from society, banned from traveling, and forced to submit to invasive procedures and wear medically-pointless symbols of ideological conformity on our faces, so we’re not quite in the spirit of the season … but, for GloboCap, things couldn’t be going any better!

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