When you dig a grave for others, be careful that you are not the one to fall in it, as warned in Psalms.
The grave was dug for Russia, but the knockout blow now hits recession-bound USA and Europe in a dramatically changing world where the sanctions against Moscow have backfired spectacularly.
- The trust in Western banking institutions has been crushed;
- The SWIFT system as a reliable source of economic order is at its all-time low;
- Local currencies are replacing the U.S. dollar at the speed of light;
- 85% of the global population is refusing to sanction Russia;
- Russia itself is swimming in money from the skyrocketing energy prices; and
- President Putin has never been more popular, trusted by over 8o% of the Russian population, according to VTSIOM, many of whom complain that he should have attacked Ukraine much earlier. Even oligarchs who formerly hated Putin and strongly opposed him domestically now love him.
Europe also used to love Putin, to the extent that when the green energy ideology first made Europe shut down its own energy resources without having an energy substitute, Europe was happy to leave its fate in the hands of Russian oil and gas.
Remember, in September 2018 President Trump warned the German delegation at the U.N. General Assembly against becoming totally dependent on Russian energy?
Watch below this 29-second clip from rt.com:
Trump: Germany will become totally dependent on Russian energy if it does not immediately change course
German delegation:
https://t.co/vD3MxsR6bg pic.twitter.com/xaiBDpSXYa
— RT (@RT_com) September 25, 2018
Canadian philosopher Jordan Peterson:
[R]ecently deemed political statesmen incompetent to the degree it defies comprehension that they chose to become dependent on Russian energy for environmental reasons and failed to understand that it would produce the current crisis.
By implementing sanctions against the very source of energy upon which they depend, Europe has been thrown by its own politicians into an unbelievable recession.
European politicians rushed to implement sanctions as early as the day after the invasion of Ukraine—they needed no time whatsoever to reflect upon the long-term effects this would have on European nations and industries but ran to the action with no second thought—most probably following Washington’s advice.
Wall Street predicted with pure pride that Russia’s economy would collapse and resemble a train wreck when hit with sanctions.
But soaring energy and commodities’ prices, as a result of the very same sanctions, have made Russia filthy rich, with surplus of 265 billion USD this year, according to The Economist.
Top investment banks predicted a total Russian downfall, forecasting in March that the country’s GDP would fall 35% in the second quarter.
But it fell only 4% and by 2022’s end, Russia’s energy export revenues are predicted to be $337.5 billion, 38% more than 2021.
The Obiden Regime was extremely quick to state that Russia’s economy was already cratering, the Washington Post boasting in March that Russia was in free fall, its foreign reserves frozen, its oligarchs denied access to properties, and its banks barred from Western financial networks.
In Europe, on the other hand, 45 million Brits are set to plunge into fuel poverty this winter.
London Mayor Sadiq Khan recently tweeted:
We have seen nothing like this before. We are facing a winter where for millions it won’t be about choosing between heating or eating but tragically being able to afford neither.
Germany, Europe’s largest economy, has in reality agreed to commit hara-kiri and face deindustrialization as skyrocketing energy prices hit the market.
Bloomberg wrote:
Russia, on the other hand, can shut off gas to Europe for a whole year without even noticing it much.
The Washington Post recently wrote:
To top it off, Ukraine’s richest mineral deposits, worth 12.4 trillion U.S. dollars, are now in the hands of Russia.
That is 63% of world coal deposits, 42% of its metals, and 33% of other earth elements, not even counting agricultural land.
