When Putin says that so far there has been no need for massive infrastructure strikes or that “everything is going according to plan” (while the AFU successfully counter-attacks), he may well be telling a half-truth.
Because the conflict affects fundamental processes in the global financial system.
The day before yesterday US Treasury Secretary Yellen said she was concerned about the loss of adequate liquidity in the US government bond market.
Under normal circumstances, US government debt is purchased by:
- the EU at the expense of a surplus trade balance – need to put revenue somewhere;
- Japan – therefore dependent on the States;
- Gulf monarchies – for the sake of arms and protection of the US.
However, with the outbreak of war, Europe’s economy became unprofitable, Japan is selling treasures to save the yen, the [Gulf] monarchies and China because of their alliance with Moscow and fear of their assets being frozen, are slowly withdrawing from US government bonds.
Suddenly it turns out that there are simply no people left in the world who have free money and the desire to invest in U.S. government debt☝
Washington faces the same problem as London did last week. Government bond rates are below inflation and therefore not profitable to buy.
The UK started buying debt by way of issuance, and the US asked the big banks for help.
Neither the former nor the latter will bail out for long. The longer Europe is unprofitable, the harder it will be for the US to finance its unprofitable national budget.
Russia will not rush into war for the sake of it. The targets are big, a kind of crusade. That’s what Borrell was talking about this week.
Source: @ZeRada1
That could hardly be a justification for battlefield failures. Russia political class and Stavka have serious issues of systemic – level lapses. Iranian drones, Chechen ‘Mujahideen’, ex-convicts, inmates in Wagner, these are serious issues, exposing a deep systemic level crisis. They had 8 years and more, even a school kid have seen that coming. Merkel was merely bidding for time. She was not a permanent solution, against Raw, brutal force tactic of US elite. Ukraine is a personal affair for many, Anthony B, Nuland, Freeland, Joe & Sons, political and personal business interests are at stakes.
So this is basically a ‘Crusade’ to save personal wealth of oligarchies, of middle east and Russia. When it started hittin ’em personally it all became legit. Russia could have finished that all back in 2014, the INERTIA and INITIATIVE both belonged to Russia. but Oligarchies weren’t prepared for that, for arrangements.
Unless political cost & pressure became unbearable to sustain. + Jewish – Apocalyptic – Gang of Straussians in DC disillusioned with Chutzpah pushed on with existential threats of Bio-labs & Nuclear options; (Nuland’s congressional hearings are testimony of their panic, these appearances were akin to acceptance of their crime and confessional in nature).
Anglo – Saxons are nihilist as long as they are safe from annihilation. As long as its far off continents, civilizations, cultures, who are to bear the ‘Cost’.