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Examples of racism/euro-centrism during the Russia-Ukraine conflict

Add to the above list if you can, thank you.


Resources For Understanding The War Beyond The Bulletins


Defense Politics Asia’s youtube channel and their map, who is an independent youtuber with a mostly neutral viewpoint.

Moon of Alabama, which tends to have good analysis (though also a couple bad takes here and there)

Understanding War and the Saker: neo-conservative sources but their reporting of the war (so far) seems to line up with reality better than most liberal sources.

On the ground: Patrick Lancaster, an independent journalist reporting in the Ukrainian warzones.

Unedited videos of Russian/Ukrainian press conferences and speeches.


Yesterday’s discussion post.


Alright, people on mobile wanted an actual comment thread in the post to comment on, so here it is. You can’t pin comments, unfortunately.

Economically

Economically

Europe

  • The EU proposes a total ban on Russian oil imports, cutting out crude within 6 months src

  • Oil and natural gas jump in Europe after EU unveils plans to phase out Russian crude within 6 months src

  • Also: Oil jumps 3% as EU plans ban on Russian oil src

  • Germany warns EU to expect economic cost from Russian oil embargo src

  • Beer prices in Germany will rise by 30%, says German media.

  • British Petroleum (BP) lost $25 billion due to it pulling out of Russia, with a loss of $20.4 billion for the quarter; but by a different measure, its net profit increased due to high oil and gas prices. src

  • ‘Risky’ fourth straight rate hike expected from Bank of England as inflation soars src

  • Brexit Made Boris Johnson. Now He Has to Face Its Costs src

  • Norway’s Equinor posts strong Q1, to exit Russian ventures src

  • German Exports to Russia Sink to Two-Decade Low After Invasion src

  • Reports that Italy is open to paying for Russian gas in rubles misleading. It doesn’t explain how it’s misleading, it just says that the reports that Italy might temporarily allow gas-for-rubles were wrong, or something. src

  • Bulgarian industry prepares to protest over gas costs: The country’s energy regulator predicted a 35% rise in prices following the suspension of Russian supplies src

  • On May 2, Germany stopped giving Russian gas to Poland, Gazprom reported. Now Warsaw is taking Russian gas intended for Italy and France in reverse.

Asia and Oceania

  • China’s manufacturing slowdown due to the lockdown will likely affect the US soon, as China’s manufacturing figures correlate very closely with US manufacturing, albeit with a 3 month lag. src

  • China’s yuan ‘far from a top global reserve’, as investors dump assets amid Ukraine war. I don’t think China even wants the yuan to be a global reserve currency, right? src

  • China addresses food security concerns

… the Russia-Ukraine conflict cramped China-bound exports of wheat, corn, and sunflower oil from the two farm-rich countries. The conflict has also driven up prices of soybeans as a substitute. Meanwhile, four-fifths of US soybeans are processed into livestock feed in China and the rest into vegetable oil.

“It’s supply and demand, which augurs another good year for farmers in the US heartland, whether it’s due to volume or value,”

Middle East

  • Kazakhstan maintains plans on up to 100 mln tonnes of oil output per year, says ministry src

Africa

  • Libya eyes buying grain and flour from Russia src

  • Nigeria buys emergency Canadian potash to replace lost Russian supply. src

Uche Orji, the head of NSIA, declined to comment on prices. However, spot prices today are up more than 250% for deliveries to west Africa compared to last year, according to commodities pricing agency Argus Media, dealing a further blow to the country’s finances.

  • Nigeria oil minister says Russia interested in gas pipeline to Morocco src

Sylva said President Muhammadu Buhari’s government hoped to at least kickstart the project before leaving office in May 2023. He did not say how much it will cost.

Nigeria is rich in hydrocarbons but produces little electricity, making its industries uncompetitive.

  • Drought-Hit Zimbabweans Cut Poverty, Poaching With Larger Goats src

  • Use of Cryptocurrency Is Not Allowed in Uganda, Says Bank of Uganda src

  • If Bread Is Expensive, Eat Cassava, Museveni Tells Ugandans src

Addressing worker’s unions and government officials during the Labour Day Celebrations at the Kololo Ceremonial Grounds on Sunday, the president said Africans should stop complaining about the scarcity of wheat and go with the flow.

“If there is no bread eat muwogo (cassava). Africans really confuse themselves. If you’re complaining that there’s no bread or wheat, please eat muwogo. I don’t eat bread myself,” he said.

  • Namibia: Three-Months Relief for Motorists… As Government Reduces Levies src

North America

  • The Great Resignation continues, as a record number of workers quit (4.5 million) and a record number of job openings got posted (200,000 more than February and 11.5 million overall). Haven’t these workers seen the latest headlines about how the US is doing fine with inflation and the economy is pretty great? src

  • U.S. manufacturing activity slowest in more than one and half years as workers quit src

  • Long-term U.S. LNG deals pick up as demand increases src

  • Fed decision day rattles markets as investors worry that a giant ‘once-in-a-generation’ rate hike will actually be one of several this year. Add this to the mountain of once-in-a-generation things that has happened in the last two decades. src

South America

  • Venezuela makes bid to revive the bolivar by putting a 3% tax on everyday purchases in dollars. This resulted in a slight shift away from the dollar. src

Policy makers tend to wrongly assume that it is possible to revert dollarization once inflation is under control, said Daniel Cadenas, economist and professor at the Venezuela’s Central University, pointing to cases such as Peru, where the use of the dollar is still common despite decades to combat it.

“Dollarization is not going to be reversed,” he said. “The cost for economic actors of going back to thinking in bolivars is higher than the benefits. As long as it remains so, dollarization will persist.”

  • El Salvador’s $1 billion bitcoin bond reportedly hasn’t lured a single investor, and markets are bracing for a default despite their Finance Minister saying that there won’t be one. src

Global

  • AMD says data center boom will boost revenue src

“Each of our businesses grew by a significant double digit percentage year-over-year, led by EPYC server processor revenue more than doubling for the third straight quarter,” said AMD chief executive Lisa Su in its statement.

  • The Aerospace Industry Is Grappling With A Titanium Supply Shortage src

  • New Lockdowns In China Are Hindering Global Steel Supply src

  • Natural gas prices soared 9% to their highest level since 2008 on Tuesday, as US gas companies see a spike in demand. About 30% of US liquified natural gas export capacity has been secured since February 24th. src

  • Gary Cohn, vice-chairman of IBM and former economic advisor to Trump, has said that ending globalization is impossible and would result in astronomical inflation. src

“Those who want to end globalization, good luck. It’s impossible,” he said. “We could go through thousands of things in this country that we just assume show up every day, that we do not have or we do not manufacture.”

“Do I think that a vast majority of things that come through ports in this country are going to stop coming through? I don’t,” Cohn said. “The inflation that would create in the system would be just astronomical.”

  • Nutrien, the largest fertilizer company in the world, is looking at whether they could ramp up potash production, as disruptions “could last well beyond 2022”. It has already said it would multiply its potash production by 15 times, with most of that in the second half of 2022. src

  • World Hunger to Worsen After Spiking 25% Before Ukraine War src

  • Why the Conflict in Ukraine Is a Disaster for the Poor of This Planet src

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Diplomatically and Politically

Diplomatically and Politically

Involving Ukraine or Russia

  • Putin signed an executive order giving Russia the authority to halt exports and cancel contracts to retaliate against ‘unfriendly actions’ src

Ukraine Wars: Putin Strikes Back

  • Russia will take further steps to reduce dollar monopoly as main reserve currency src

  • The Non-Independence Of Western-Funded ‘Independent Media’ In Ukraine src

  • Ukraine conflict rare ‘inflection point’ in history, says Biden src

President Joe Biden on Tuesday described the conflict in Ukraine as a historic “inflection point [that] comes along every six or eight generations,” and described the US’ role in the conflict as fighting the first “real battle” in a civilizational struggle versus Russia and China. Biden also promised to send billions more dollars worth of aid to Kiev.

Biden, known for his frequent verbal slip-ups, appeared to confuse Russia for Ukraine when he said that prior to the launch of Russia’s military operation in February, “we made sure Russia had javelins and other weapons … so Ukraine was ready for whatever happened.”

Biden also told his audience that Ukrainian parents are naming their newborn children “Javelin or Javelina” in honor of the American-made missiles.

  • Ukraine’s Defense Intelligence Chief has said that the Russian invasion would likely end with Putin’s death, and that Ukraine would win. src

  • Russian media ran simulations of how their nukes could obliterate the UK and Ireland. ‘Just one launch, Boris, and England is no more’ src src2

“It actually seems like they’re raving on the British Isles,” Kiselyov said. “Why threaten never-ending Russia with nuclear weapons when you’re on an island that is so small? The island is so small that one Sarmat missile is sufficient to sink it once and for all.”

And I like this addition by the article:

Of course, the fact that the U.K. is geographically smaller than Russia is irrelevant for purposes of mutual destruction. However many ICBMs Russia has, what matters is that Britain has four Vanguard-class nuclear-powered ballistic missile submarines, each armed with up to 16 American-made Trident II missiles equipped with multiple nuclear warheads. That arsenal is probably sufficient to turn Russia into a nearly pre-industrial state.

  • Who Will Pay For Ukraine’s Marshall Plan? Great timing by MSM, given that Michael Roberts was talking about a potential Marshall Plan for Ukraine a couple days ago. And it comes to similar conclusions - that Ukraine is, more or less, fucked. src

  • The CIA is using Instagram to teach Russians how to share state secrets with it src

Europe

  • Modi, Macron put Ukraine rift aside to take Indo-French ties to next level src

  • Europe Is Better Than the U.S. at Talking to India src

Why have America’s European allies reacted so differently to India’s position on Ukraine? Partly, it’s because Europe thinks about its relationship with India the way the U.S. once did — as a partnership that goes beyond the transactional, in which each partner does not always have to agree. Partly, it is because Brussels has succeeded Washington as the location where consequential decisions affecting countries such as India are made. The U.S. has unquestionably turned inward under successive presidents. Meanwhile, the EU has taken the lead in setting regulations for big tech and for climate finance, and has developed its own strategy for engaging the Indo-Pacific region.

  • ‘Embarrassed to be British’: Brexit study reveals impact on UK citizens in EU src

Brexit, and the British government’s handling of the Covid pandemic, strongly affected 80% of respondents’ feelings towards the UK, with responses including “deep shame”, “disappointment”, “a shit show”, “embarrassed to be British”, “shambolic”, and “like watching a house on fire”.

Just over 30% still felt very or extremely emotionally attached to the UK, compared with 75% who said they felt a very or extreme emotional attachment to the EU, and 59% who felt the same in relation to their country of residence.

  • 50% of Italians are against the supply of heavy weapons to Kiev.

  • Would a Sinn Féin victory open the door to a united Ireland? src

Asia and Oceania

  • Japan Says It Needs Nuclear Power. Can Host Towns Ever Trust It Again? src

  • Beijing closes 10% of subway stations to stem COVID spread src

  • Chinese aircraft carrier leads large strike group into western Pacific as Taiwan tensions rise src

  • North Korea fires ballistic missile amid rising animosities src

  • Joining ASEAN or not should not matter to Timor-Leste src

  • Japan, Indonesia confirm cooperation toward free, open Indo-Pacific src

  • Sri Lanka opposition declares no confidence in government src

  • The Chinese government has decided to provide emergency humanitarian aid to Sri Lanka again, including medicine, food, and fuels, which are urgently needed now, according to Chinese Embassy in Sri Lanka on Wednesday.

Middle East

  • Large protests in Yerevan, demanding the resignation of PM Pashinyan. I’m not sure where the dividing line between the Middle East and Asia is, but whatever.

  • US representative to the UN: There is a possibility that we will not reach an agreement on the Iranian nuclear deal.

Africa

  • Russian paramilitaries killing and torturing civilians in CAR src

  • Sergei Lavrov: Wagner in Mali and Libya on a “commercial basis” src

In an interview with Italian television Mediaset, Lavrov reiterated Moscow’s position that Wagner “has nothing to do with the Russian state”.

Wagner, which is reputedly close to President Vladimir Putin, is accused of employing mercenaries who have committed abuses in Mali, Libya and Syria.

  • Al-Shabab Raids African Union Military Base src

North America

  • US issues visas in Cuba for first time in more than four years src

Washington closed its consular services in Havana in 2017 after US personnel suffered from mystery illnesses.

They’ve finally cured Havana Syndrome!

  • White House will host first food insecurity conference in 50 years src

The White House hopes this year’s conference will result in a plan to help reduce rates of diabetes, obesity and hypertension among Americans and accelerate efforts to end hunger across the nation.

If you asked the average American to please eat less than one steak per day, they’d give themselves chronic diarrhoea just to own you. And hunger builds, like, character, or something. I’m not sure what can be done by the government here.

  • How the oil and gas industry is trying to hold US public schools hostage src

Here in New Mexico – the fastest-warming and most water-stressed state in the continental US, where wildfires have recently devoured over 120,000 acres and remain uncontained – the oil and gas industry is coming out in force to deepen the region’s dependence on fossil fuels. Their latest tactic: to position oil and gas as a patron saint of education. Powerful interest groups have deployed a months-long campaign to depict schools and children’s wellbeing as under threat if government officials infringe upon fossil fuel production.

“Without oil and gas, we would not have the resources to provide an exemplary education for our students,” she says. “The partnership we have with the oil and gas industry makes me a better teacher.”

She said, blinking in Morse Code.

  • Ron DeSantis Likens U.S. Abortion Laws to North Korea, China. src

“As Governor DeSantis noted today, abortion in most European countries is restricted after the first trimester (similar to Florida’s recently passed pro-life law). The position of Democrats in America today more closely resembles abortion policy in China and North Korea,” the statement said.

  • Silicon curtain descending: The US is building a ‘digital alliance’ in the Asia-Pacific region with the aim of isolating China src

Global

  • BRICS+ 2.0: Toward a polycentric world order. An interview with Yaroslav Lissvolik, program director at the Valdai Discussion Club in Russia. src
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Militarily

Militarily

General News

  • Slovakia to repair damaged Ukrainian military equipment src. Of course, Ukraine can still do it and everything, but uh, this is, uh, just Ukraine thinking about boosting Slovakia’s industry. Yeah.

  • U.S.-Pledged Mi-17 Helicopters Arrive in Ukraine With 11 More to Go src

  • Britain’s Napoleonic Posturing will be Exposed by Battlefield Reality src

“Britain has always stood up to bullies,” said Truss. “We have always been risk takers.” This is a rather serious misreading of British foreign policy, which historically has tended to be cautious and avoid risky leaps in the dark. Overall, Truss’s reduction of foreign policy to a series of triumphalist slogans could be set to music and take its place in an updated version of “Oh! What a Lovely War”.

But if the British Government’s actions in a military conflict – in which it is becoming more engaged by the day – is as inept as its performance in times of peace, then we face a dark and uncertain future.

  • Putin tells Macron West could use its influence to stop “atrocities” in Ukraine src

Putin told Macron that the West could help end “war crimes (and) massive shelling of towns and settlements in Donbas”, leading to civilian casualties.

“The West could help put an end to these atrocities by exerting appropriate influence on the Kyiv authorities and by halting arms deliveries to Ukraine”, RIA news agency cited the Kremlin as saying.

  • Can Western Tanks, Artillery, and Missiles Save Ukraine? Don’t Count On It. src

  • Kadyrov: “It’s time to start the second stage of the special operation not only in the Donbass, but throughout the whole of Ukraine.”

Northern Ukraine

  • Air raid sirens and missiles in every Ukraine oblast other than Kherson (and DPR and LPR). Missile strikes in basically every city in Ukraine. Looks like they’re hitting infrastructure and western military shipments.

Western Ukraine

  • Lviv has been hit with more missiles, damaging two power substations and knocking out part of the city’s electricity, and well as railway infrastructure.

Eastern Ukraine

  • Ukraine hits an oil depot in DPR.

Southern Ukraine

  • Ukrainians strike Russian positions on Snake Island with military drone src

The military strikes appear to have targeted an area between a building and a communications tower, and another area that appears to have contained ammunition or another explosive. A number of explosions are seen after the initial one in the second area.

Snake Island, and the Ukrainian border guards on it, gained significant notoriety at the beginning of the Russian invasion when the island was targeted by Russian soldiers and the Ukrainian guards refused to surrender.

…and then they did surrender. It doesn’t mention that they did, in fact, surrender. Oh, it’s a “legend”, of course. It’s probably where the Ghost of Kiev is hiding.

  • Almost all the cities in the south of Ukraine that came under the control of the Russian military are connected to the Russian Internet
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Dipshittery and Cope

Dipshittery and Cope

  • The Pope says the Russians are learning that ‘their tanks are useless’ in Ukraine Does putting the Pope on the Dipshittery and Cope list mean that I go to hell? Oh god. src

  • Tesla most ‘future-ready’ carmaker, China’s BYD rising src

Elon Musk’s electric vehicle (EV) company ranked first for readiness to navigate future crises for a fourth consecutive year

The index, which has been compiled annually since 2010, bases its results on a combination of financial fundamentals, investors’ expectations of future growth, business diversity, employee diversity, research and development, early results of innovation efforts, and cash and debt.

Tesla car batteries do, to be fair, tend to experience very explosive future growth, all over the asphalt.

  • Russia is losing on the electronic battlefield. Mandatory shit about how Russia is losing and incompetent, 1053 quintillion dead generals, Ukraine is amazing, etc. Then: src

Ukraine has tapped into Russian communications, blocked its signals, blinded its surveillance, and captured some its most advanced EW systems, experts say. The United States and its NATO partners have provided crucial EW equipment and training. But American experts say it’s the Ukrainians themselves who adapted these high-tech weapons to protect their homeland.

Yeah, of course. Also, weird that separatists who have been getting the shit blasted out of them for 8 years might not do so well in electronic warfare.

  • Johnson tells Ukraine that West was ‘too slow’ to grasp Russia threat src

Speaking via video link from London, Johnson called for Ukraine’s “friends” to be “humble” about their failure to act in 2014 when Russian President Vladimir Putin annexed Crimea and invaded the Donbas.

“The truth is that we were too slow to grasp what was really happening and we collectively failed to impose the sanctions then that we should have put on Vladimir Putin,” Johnson said. “We cannot make the same mistake again.”

That’s one way of saying you didn’t give a shit.

“Your farmers kidnapped Russian tanks with their tractors. Your pensioners told Russian soldiers to ‘hop’ as we say, although they may have used more colorful language. Even in the parts of Ukraine that were temporarily captured, your populations, your indomitable populations turned out to protest, day after day,” he added.

  • The West needs to up its sanctions game against Russia src

    Once this new principle of sanctioning positions is in place, the United States and European sanction lists should be expanded dramatically. Ukraine’s National Agency on Corruption Prevention has identified 9,000 individuals, while the Anti-Corruption Foundation founded by Russian opposition leader Alexei Navalny has recommended 6,000 people. Thousands of positions in the Russian government, Russian state-owned enterprises, including state-owned and state-controlled media, as well as all members of the corporate boards must be added immediately.

    This list should include, at a minimum, those at the deputy minister level, all generals and colonels in the armed forces, police, and intelligence services, and anyone at the vice president level at state-owned enterprises. Senior officials and personalities being paid by Putin and state-controlled media companies also must be sanctioned, until they resign. Any member of United Russia and other political parties that support Putin’s invasion also should be placed automatically on the sanctions list. If these party members want to get off the sanctions list, all they have to do is resign.

    Policies for sanctioning private sector individuals also must become more uniform. To eliminate subjectivity and lobbying efforts, all of Russia’s 100 richest people should be sanctioned, without exception. (And after they have been sanctioned, move on to the next 100.) However, these billionaires should be offered an off-ramp: if they denounce Putin and his war, suspend tax payments to the Russian government until the invasion ends, and pledge a significant fraction of their personal fortunes to a newly created Ukrainian Reconstruction Fund controlled by the government of Ukraine. High bar? Yes. But this is a horrific war.

    Although their full effect might take years to be realized, sanctions, including individual sanctions, are working. But we need them to work better, faster and more justly to bring an end to this war. As long as figures like Gerhard Schroeder can evade accountability, the sanctions regime needs improvement.

Hey, wait a second, on April 22nd, NYT released an article about how sanctions don’t even work half the time, and might even make the country more “evil” or whatever! NYT

  • Russian attacks on Ukraine grain network a move to cut competition src

Russian attacks on Ukraine’s grain infrastructure look like attempts to reduce the competition in Russia’s export markets, German Agriculture Minister Cem Oezdemir was reported as saying on Monday.

Ukraine could lose tens of millions of tonnes of grain due to Russia’s blockade of its Black Sea ports, triggering a food crisis that will hit Europe, Asia and Africa, President Volodymyr Zelenskiy said on Monday.

Broke: Russia started this war because Putler is evil and wanted to do an authoritarianism, a totalitarianism, and a 1984 to even more people because he’s evil. Woke: Russia started this war due to a long series of NATO advancements that fundamentally threaten the security of Russia, and really, US/NATO started the war by making/allowing Ukraine to ignore the Minsk agreements. Bespoke: Russia started this war to sell more grain, due to pressure from whatever the Russian equivalent is of the United Fruit Company.

  • Shanghai residents turn to NFTs to record COVID lockdown, combat censorship src NFTs are like a tumour that randomly springs up in areas otherwise completely unrelated to them.

Shanghai residents are turning to the blockchain to preserve memories of the city’s month-long COVID-19 lockdown, minting videos, photos and artworks capturing their ordeal as non-fungible tokens to ensure they can be shared and avoid deletion.

A Shanghai-based programmer told Reuters that he was among those in the city who viewed their effort to keep the video alive as part of a "people’s rebellion”.

  • A Russian oligarch says Putin’s regime has been ‘dehumanized’ and Ukraine will win because ‘good always wins over evil’ Good hasn’t won over evil since the Soviets marched into Berlin, my guy. src

Tinkov added that he was proud because he managed to, even “in corrupt and archaic Russia,” build an “HONEST, free, and American type of business.”

Yeah, those two things are definitely at odds with each other.

“I lost everything, but I didn’t lose my soul,” Tinkov added. “I cannot earn money in a country that is at war with a neighbor, killing civilians and children.”

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In an interview with Italian television Mediaset, Lavrov reiterated Moscow’s position that Wagner “has nothing to do with the Russian state”

But he also said Wagner wasn’t actually a real thing earlier? Something about PMC companies as the west conceives them being illegal in Russia. Seriously isn’t there anyone better than Lavrov to represent Russian foreign policy? Guy keeps saying weird things.

So Wagner is definitely real then, so much for those foreign policy cope articles that were written saying it wasn’t a real thing, that some people naively believed. And so much for all the contradictory statements from Russia.

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19 points
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Yeah, and I got real “It’s impossible because it would mean something bad happening to America, and most importantly wealthy Americans, which would be bad, which means it would never happen, so it’s impossible” vibes from it

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Yeah pretty much lol, a key part of growing global south economies is decoupling from the west in some manner (not completely though). Obviously this is bad news for the imperial core countries and businesses like IBM, so they have to make it appear impossible

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14 points

The treats won’t ever stop flowing. You crazies think the treats will stop? They cannot stop because we need them

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3 points
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16 points

Closing the megathread as a joke wasn’t okay

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14 points

:19::84:

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💀💀💀

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Newest interview with Michael Hudson. It’s a fairly long interview so if you wanna go listen to it, feel free

Sociopath Neocons Sacrifice Ukrainians and Global Poor

Part 1

KATIE HALPER: Professor Michael Hudson, thank you so much for joining us. We’re really excited to have you.

We wanted to start off by asking you if you could provide an overview of what the economics driving this conflict are—and by conflict, I mean the conflict between Russia and Ukraine, and, of course, with the rest of the world, or really the conflict between Russia and US, and the economic fallout.

MICHAEL HUDSON: Well, it depends on what side you’re looking at. From the Russian side, I don’t think the economic factors were primary. They were threatened by NATO’s expansion and really a plan to attack the Russian-speaking areas of Ukraine. So, I think Russia’s calculations were simply military. The West’s calculations were quite different.

And if you looked at what the results of the conflict are, you have to assume that everybody was talking about the results [as] were known. They’re very clear. The results are a very large increase in fuel prices, oil, and energy prices, a very large increase in agricultural prices with declining supplies. This will leave most of Africa and Latin America—third-world countries, the Global South—unable to pay their foreign debts, which is going to result either in a massive debt default or it will result in a debt repudiation.

Countries are going to have to choose. Are they going to have to operate their homes without energy, their factories without energy—and energy consumption per capita is directly connected to GDP for the last 150 years. Every chart shows energy use, GDP, and personal income go up together.

So, what are countries going to do when they can’t afford to pay the higher prices for energy? Well, Janet Yellen, who was the Federal Reserve head and [now] the Secretary of the Treasury says, ‘Well, what we’re going to do is use the International Monetary Fund to preserve America’s unipolar hegemony.’ I think she used almost those words. We have to keep American control of the world and we’re going to do it through the IMF. And that means in practice using the IMF to create special drawing rights, which will be sort of like free money, the bulk of which will go to the United States to support its military spending abroad for all of this huge military escalation. And it will enable the IMF to go to countries and say, ‘We will help you pay your debts and not be foreclosed on and get energy, but it’s conditional.’ On usual conditions: you have to lower your wages; you have to pass anti-labor legislation; you have to agree to begin selling off your public domain and privatize.

The energy and food crisis caused by the NATO war against Russia is going to be used as a lever not only to push privatization, largely under control of US investors and banks and financiers, but it’s also going to lock countries into the US orbit all the more, both the Global South and especially Europe.

One casualty is obviously going to be Europe and the euro. The euro has been plunging in value day after day after day, as people realize that it’s lost its export markets in Russia and much of Asia, and now at home, too, because exports require energy to be made. Its costs of imports are going up, especially energy. It’s agreed to use, I think, now $3 billion to build new port facilities to buy US natural gas—liquified natural gas at three to seven times the price that it’s paying now, which will make it almost impossible for German firms to produce fertilizer to grow crops in Germany. The euro’s plunging.

The largest plunge of all has been the Japanese yen, because Japan imports all of its energy and most of its food and is keeping its interest rates very low in order to support the financial sector. And so, the Japanese economy is being sacrificed and squeezed. And I think this is…you can’t say, ‘Gee, this is an accident.’ This is part of the plan, because now the United States can say, ‘Of course we don’t want your yen to go down so much that your consumers have to pay more. We will, of course, give you SDRs—special drawing rights—and we will give you American aid. But we do want you to rewrite your constitution so that you can have atomic weapons on your soil so that we can fight against China to the last Japanese. Just like we’re doing in Ukraine, let us do it for you.’

And, of course, the Japanese love that. The government loves that idea. They love sacrificing the population, which is what they’ve been doing ever since the Plaza Accord and the Louvre Accord of the 1980s that basically wrecked the Japanese industrial economy from this huge upswing to just a mass shrinkage. So, those are the economic effects of the war. And in the newspaper, you think the war is all about Ukrainians and NATO fighting Russians, and it’s really a war by the United States to use the NATO-Russia conflict as a means of locking in control over its allies and the whole Western world, and in Janet Yellen’s words, re-establishing American unipolar power.

AARON MATÉ: And do you think that, assuming that this is the US strategy, taking your argument at face value, do you think that this strategy will succeed?

MICHAEL HUDSON: Ultimately, it’ll be self-defeating. And almost every US politician and military speech has the phrase, ‘Gee, we don’t want America to shoot itself.’ And obviously they’re all worried about it. It’s a huge gamble.

Apparently, the military was not even consulted in the sanctions that were put against Russian energy. And the military wasn’t consulted even on the plans by the State Department and the National Security…the neo-cons that are running the NATO war. And so, obviously, there’s a lot of doubts within the military, but they don’t speak up—that’s not what they do.

It’s amazing that in Europe the only opposition to this is coming from the right wing, people like Marine Le Pen. Not from the left wing. So, the left wing in Europe…I shouldn’t say the left, I should say what is now the right wing, the Social Democratic parties, the Labour Party, those are the parties that are thoroughly behind NATO. And there doesn’t seem to be a political imperative in these countries, except going along with the policy that’s going to squeeze their balance of payments and lock them into dependency on the United States.

So, what seems to be happening if there’s no fight back on the part of Europe? Obviously, if you look at the United Nations vote on whether to come out with a policy against Russia, many countries either abstained or voted against it. So, the big economic result is structural. It means there’s like an iron curtain between the white Western world (Europe and North America) and Eurasia (China, India, and Russia, and their surrounding territories). And if you have China, India and Russia—or what [Halford John] Mackinder called Eurasia, the world core—then, are you going to have the rest of Asia coming along?

The question’s going to be, what happens with Taiwan, Japan, and North Korea? They’re pretty much up for grabs. And yet two days ago, the NATO leader, [Jens] Stoltenberg, said NATO has to have a presence in the South China sea, that NATO has to defend Europe in the Pacific, in China. So, you can see the conflict that’s coming there. And I think you also had one of the NATO people—a European politician, negotiator—saying this war cannot be settled economically. It cannot be settled by treaty. It can only be settled militarily.

Well, so then you’re back to, how is the military going to affect the economy? Well, Russia cannot afford to lose, because if it loses, NATO is going to put atomic weapons right in Ukraine, right next to its border, as it wants to do in Latvia and Estonia. And the US, apparently, is taking a position, ‘We can’t lose, because if we lose, Biden won’t be reelected.’ And Biden apparently is now running the military and economic campaign with a view towards how can he be reelected in November [2024]—with the only real variable in the American strategy being the American public itself, which, unfortunately, there’s almost no discussion of what we’re talking about today, except your show, the internet, [The Vineyard of] The Saker and the others. So, everything is up for grabs.

AARON MATÉ: And by the way, if this is Biden thinking, he’s doing so, even though most Americans don’t wake up caring about Ukraine, it’s not their top concern. But there’s a very different attitude inside the White House. Obviously, they do.

So, let me ask you about Russia. Can Russia afford to weather all of this? As we’re speaking, Russia has recently cut off gas deliveries to Poland and Bulgaria. Let’s say other parts of Europe follow suit and refuse to pay in rubles for gas payments, as Putin has demanded. Can Russia afford to cut off more countries from receiving Russian energy, or is Putin bluffing there, do you think?

MICHAEL HUDSON: No, of course it can afford to cut it off because Russia is pretty much self-contained. It’s how it survived the 1990s and the shock therapy. Any country that could survive the shock therapy, nothing is going to be that serious again. So, it’s already shown that it can survive, 20 years ago, 30 years ago. And it can survive much better than Europe can survive.

AARON MATÉ: Michael, let me push back there. It survived, but the 90s took a very heavy toll on Russia. MICHAEL HUDSON: Yes, it did. Absolutely.

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Part 2

AARON MATÉ: Are you suggesting that Russia might face that again?

MICHAEL HUDSON: No, I don’t think it’ll be that serious again, because now it has the support of China, India, and other countries. Before it was completely dismantled from within. Now, it’s not dismantled from within. It’s rebuilt; certainly, it’s military. It’s rebuilt enough of its economy and made enough links with other economies who are politically supporting it. Because Biden has said again and again, ‘We’ve got to destroy Russia because if we destroy Russia, we will cut it off in China, and then we can go against China as our real enemy.’ So, we’ve got to cut up the world potentially opposing us, first Russia and then China, maybe India, too. And he’s been very explicit in this, so you can imagine where this leaves China and India.

India has already said, ‘Well, look, we’re economically linked to Russia. We’re going to continue to link.’ Russia’s foreign reserves were stolen in the West. It’s going to basically work with China to create some kind of mutual currency swaps like United States arranges with Europe and other countries—currency swaps so that they can hold each other’s currency. And China knows that, ultimately, it will be repaid through a new pipeline to deliver gas to China. So, I think a decision has been made in Russia that it’s decoupling with the West. Certainly, decoupling from Europe, decoupling from the United States, except for marginal trade, and [from] reorienting itself towards the West because it can’t afford to deal on these terms anymore. So, yes, it’s going to be painful. But I think the Russian people, who get a very different report of the war and the violence and terrorism that’s going on than the American press [gives], the Russians seem to be 80% behind Putin. It’s not like it was in the 90s when they were utterly demoralized.

The military fighting is not going to end this year or next year. It’s going to take at least 30 years. And it will end probably with a split between Europe and the West on the one hand and Eurasia on the other hand, with more and more of Africa and South America linking itself to the Eurasian economy as Europe and the American economies shrink.

Almost everyone sees shrinkage. I think President Xi of China said the other day, he sees that the American economy is shrinking, and certainly the European economy is shrinking, for a decade or as long as it continues the neoliberal course. And I think that’s pretty obvious—it’s going to shrink. And Xi also said that’s because a centrally planned economy, which they call socialism or Marxism with Chinese characteristics, is more efficient than democracy, because democracy really turns into oligarchy very quickly, and the oligarchy turns into a hereditary aristocracy.

And the West is not a democracy anymore. The West is turning into a hereditary aristocracy. And the Chinese are trying to prevent the financial class from becoming an independent class, pursuing policies that impoverish labor, because for them banking and credit is still a public utility. That’s the most important sector to be [saved] in China, and that’s what makes China so different from the United States. You could say that bankers and Wall Street are the central planners of the US, and their central planning is in favor of the finance, insurance, and real estate sector, and bankers are in charge of China through the Treasury, which is run by party officials that are not seeking to make capital gains for wealthy families but are using finance to build up their industry and infrastructure and make themselves independent of the West, so that America can never do to China what it did to Russia.

AARON MATÉ: And if you were to predict the first places where we’re going to see a major fallout, major unrest as a result of higher commodity prices due to this war on Ukraine, where will it be?

MICHAEL HUDSON: I would say Latin America, Africa, third-world countries that have not followed World Bank policy for the last 70 years and not produced their own food, but produce the export crops, so they’re dependent on importing food, primarily American grain and importing American energy. And probably the central economic game of the NATO war against Russia was to reconcentrate control of the world energy trade in the hands of American, English, and Dutch oil companies.

So, basically the oil companies and the US are going to let the third-world countries go into a crisis. If they default on their bonds, then the United States and the bondholders get to treat Latin America like they treated Argentina or Venezuela and grab whatever assets they have outside of their country. Like Venezuela had investments in the United States and gold that it left in the Bank of England that were grabbed.

There’s going to be a huge asset grab. That is supposed to be how this unfolds, and the most obvious assets to the grabbed are going to be in Latin America and Africa. Maybe some Asian deficit countries. So, this is the weakest link, and that’s why there’s this fight within the IMF at the upcoming meetings, to create these special drawing rights to give them money on the condition that there is a class war.

So, what we’re seeing, really, isn’t a war between NATO and Russia. It’s a class war of the neoliberals against labor across the world to establish the power of finance over labor.

AARON MATÉ: And so, do you think that there’s a threat of an even worse hunger crisis in this world, one that we’re not talking about and should be preparing for it?

MICHAEL HUDSON: A threat? That’s the objective! Yes, of course. That’s what they’re aiming at. If you read what Klaus Schwab says at the World Economic Forum, he said there are 20 percent too many people in the world, especially in the Global South. This is what all the big foundations are for. The billionaires, they all say, ‘We’ve got to thin out the population, there’s too many consumers that don’t produce enough wealth for us.’ If they produce wealth for themselves, that doesn’t count because that’s not for us and we don’t get it. So, yes, that’s not going to be an accident. Obviously, anyone who looks at the basic economic trends can see that this is inevitable—and you have to assume that this was discussed as part of the whole big neoliberal plan of the Biden administration and the Deep State behind it.

KATIE HALPER: How different is this from what we saw with Trump, how continuous, or how much of an aberration do we have between the different administrations?

MICHAEL HUDSON: It’s pretty much the same. The same groups are still in control. Trump was going to appoint that general who was going to basically clean out the State Department and the CIA, but his son-in-law convinced them not to appoint this person. And Trump didn’t have anyone in his administration able to close down this whole neocon group there. So, basically, he let them destroy, essentially. They just ignored what he did. He wanted to withdraw troops from Syria and the Army just refused to withdraw the troops. Nobody followed his orders. So, he was an aberration politically, but the presidency of the US these days is pretty much a figurehead for the Deep State behind it. So, I don’t think there’s that much difference. The Republicans are as much behind this plan as the Democrats.

AARON MATÉ: Let me ask you about the economic toll on Ukraine from this conflict, and not just from Russia’s invasion, but the last eight years since the US-backed coup. And maybe we can start with what happened in the fall of 2013, because the conventional story that we get told a lot in the US is that basically this whole crisis began when Ukraine was in talks with the EU under Yanukovych, the ousted president. And Yanukovych was going to sign this agreement with the EU and that’s what most Ukrainians wanted. It would have brought liberty to Ukraine, and then Russia basically sabotaged it and ordered him not to. And that’s when Ukrainians came out to protest…

KATIE HALPER: This is not…you’re not saying this, Aaron, right? You’re saying this is the mainstream narrative that we’ve been fed.

AARON MATÉ: Yes, this is the mainstream narrative that we’ve been fed. And so that’s when Ukrainians came out to protest with the Maidan revolution, as it’s called, and that’s what led to the coup in February of 2014 that ousted Yanukovych.

Can you talk about what that narrative gets wrong, especially the actual terms of the agreements that Yanukovych was being asked to sign by the EU and what that would’ve meant for Ukraine?

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Part 3

MICHAEL HUDSON: Well, Russia couldn’t really tell Yanukovych what to do. Yanukovych was always independent. Russia offered a better deal, and Yanukovych said the deal that the EU was offering would make it much poorer than the continuation of the relationships that it had with Russia, which, after all, were its traditional relationships. So, Yanukovych didn’t sign the EU deals. And at that point, it wasn’t the Ukrainians that protested. It was a neo-Nazi group that was positioned in…that set itself up with snipers all around Maidan square, and it was the Nazi group that began firing on the policemen to make it appear as if it were the government, and to fire on the general crowd. So, basically, the coup was sponsored by the United States who put in the officials that were designated by Ms. Nuland, and the Ukrainians had hoped that somehow joining the EU would make them prosperous. Well, that’s the myth that Europe had, that if it would only take US advice, it would end up as prosperous with as many consumer goods as the United States. And it was all a myth.

But when Yanukovych’s board looked at it, they said, ‘Well, we’re not going to make money this way, basically.’ And the kleptocrats who were running Ukraine at that time…the Ukrainians weren’t running Ukraine.

It was considered by the World Bank, every agency, to be the most corrupt country in Europe, and the kleptocrats thought, ‘Wait a minute. If we sign that then the Europeans are going to take over our property and they’re going to want to buy us out, and we’re going to end up with some yachts and some real estate in England like the Russians. But it’s really going to be a giveaway.’ So, they were certainly behind Yanukovych, saying, ‘This is not a good deal with this.’

That’s when the US decided that it needed a coup, and even at that time it wanted…it realized that it had the idea of long-term fighting against Russia as the first domino to fall in the fight against China. That was already in the discussion already at that time in 2014.

AARON MATÉ: Right. Carl Gershman is the former head of the National Endowment for Democracy. He called Ukraine, quote, “The biggest prize,” and what he saw as a struggle against Russia, he thought that actually bringing Ukraine into the Western orbit would actually lead to regime change even in Russia, and lead to Vladimir Putin’s downfall.

MICHAEL HUDSON: Well, he was a Trotskyist, a neocon, and a virulent Russia-hater.

KATIE HALPER: An example of that great Trotskyist-to-neocon trajectory that we see so much.

MICHAEL HUDSON: Yeah.

AARON MATÉ: One small point though. I think the protest that happened initially against Yanukovych, I think that was actually a large mass of people. That wasn’t neo-Nazi. I think the neo-Nazi…

MICHAEL HUDSON: Right. But they didn’t do the coup. They weren’t behind the coup.

The interview continues, but the transcript basically ends here.

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7 points

This is great, but how can you watch the entire interview?

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Are the Russians really storming the azovstal factory? Saw something about that on the previous thread.

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They’re certainly bombarding it, but I’m reluctant to try and report on it until I get much sense out of it.

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Yeah it seems like a suicide mission to actually storm the bunkers

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maybe the Russians think they’ve been weakened and it would be a bit easier to take? idk. The only reason to go down there is to save the civilians, the Nazis will die one way or another

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15 points

Seen nothing about storming it, just blowing the shit out of it constantly

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15 points

The Kiev government has admitted that they have lost communication with the Nazis at Azovstal.

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I wonder what happened to their plan to flood them out with fire engines. (Okay actually I was pretty skeptical about that one from the start, but it was comically pretty funny and at least creative.)

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Too many craters to get the fire engines there?

Russian propaganda is pretty funny sometimes

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:sicko-wistful:

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