What are your views on this recent article ?
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I found it a Very interesting take on the War with Russia,Ukraine and the rest of the world.
Several points but this one in regards to currency caught my eye.
“If Russia and China can create an alternative global financial system, one that does not use the U.S. dollar as the world’s reserve currency, it will signal the collapse of the American empire. The dollar will plummet in value. Treasury bonds, used to fund America’s massive debt, will become largely worthless. The financial sanctions used to cripple Russia will be, I expect, the mechanism that slays Americans, if not immolation in thermonuclear war.”
Have you checked the validity of your source?
Have you checked the validity of “Consortium News”?
@Dutchess_III I don’t know that source but the journalist Chris Hedges is very well respected. Will read the article now.
Now I’ve read it and it is very alarming but some of his points were already clear. I’m not sure I can or want to take it all in.
Hedges is famous for his eloquent nearly poetic descriptions of unwinding man made disasters. He is particularly adept at tracing them to their source and it’s always conveniently the ravages of capitalism and its corruption of greed generating the misery.
“Create an alternative global fiinaincail system” is not at all realistic. And not even China would pair their currency with Russia’s notoriously unstable ruble
Russian Ruble are worth half of what they were first of the year.
Looks like an intelligent perspective, to me.
If you are inspired to write, be more attentive to grammar.
50% of all news you get off the internet is false, and this is a fact.
@SnipSnip
Grammer is not my fortey. Even the best of writers centrate on the story not the grammar because that is what an eeditor does for them. ( Diana Gabaldon: Famous writer also expressed this to her fans after even she gets critical comments such as yours is to me.)
Get the ideas out on paper ,then worry about the grammar in the editing stage.
Correction for those who cannot understand the question simply because I used “Is” vs “are”.
Many understood anyways. geesh.
I think he has it badly wrong when it comes to Ukraine. He says “Washington plans to turn Ukraine into Chechnya” but Putin has already done that without any help from us. Several cities in Ukraine already resemble Grozny.
I also think he’s wrong in criticising sanctions. Something had to be done and sanctions are better than war.
It is very disappointing that countries in Western Europe are increasing their defence spending but it is inevitable as Putin simply can’t be trusted. Putin has upset the apple cart and there is no point in blaming the West.
The part that caught your eye is the only part that’s really wrong.
The Cold War should have ended in 1989. Russia basically stopped fighting the West by then.
The problem for Russia is that the US did not stop fighting it.
Here’s two charts that give some background to why we’re here today.
Russia’s GDP per capita from 1988
Look how it declines in the 90s. What’s that? Wasn’t capitalism and economic liberalisation meant to make countries prosper? This was Russia’s real era of oligarchy. Well-connected men making out like bandits for billions off privatised state industries and companies.
Here’s the life expectancy of Russians
It dropped to levels lower than some undeveloped African nations in the 90s
All presided over by the USA’s most favoured Russian leader ever: Boris Yeltsin.
And now for the familiar tale. Russians was desperate for someone to clean up the mess and make Russia great again.
Just realise that through all this time, the US/NATO didn’t stop fighting the Cold War, but now instead of an incompetent and naive drunkard leading Russia, it had to contend with someone who was intent on Russia asserting itself as a world power again.
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