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Sweden Saw Second Smallest Increase in National Debt Out of All EU Countries

By Noah Carl | The Daily Sceptic | April 13, 2022

In 2020, the first year of the pandemic, almost every country in the world had a major recession. As this map from the IMF shows, most countries in Europe saw GDP decline by more than 3%, the only exception being Ireland (which in any case has an unusual way of counting GDP).

Despite this, unemployment in the EU only increased by a modest 1.2 percentage points, rising from 6.6% to 7.8% by the third quarter of 2020. One reason why unemployment didn’t rise more during months of lockdown is that governments spent unprecedented sums of money on furlough and other wage-support schemes.

In other words, they paid people to sit at home all day. For example, The U.K.’s Coronavirus Job Retention Scheme paid furloughed workers 80% of their previous salary, up to a cap of £2,500 a week.

While such wage-support schemes had the benefit of preventing large rises in unemployment, they had the cost of being extremely expensive. Data published by the ONS in January of this year show just how expensive.

The chart below shows change in general government gross debt (as a percentage of GDP) in percentage points from the fourth quarter of 2019 to the third quarter of 2021:

Many countries saw absolutely huge increases in debt. Over just seven quarters, Spain’s debt grew by 26 percentage points, Italy’s by 21 percentage points, and Greece’s by 20 percentage points. The UK wasn’t far behind, logging an increase of 18.7 percentage points.

At the other end of the spectrum, Ireland’s debt grew by less than one percentage point, while Sweden’s grew by only 1.2 percentage points. Of course, Sweden’s strong performance comes as no surprise, given it was the only major European country that didn’t lock down in the spring.

As I noted previously, The Economist ranked Sweden third in a league table of 23 rich countries for overall economic performance during the pandemic. And we know this didn’t come at the cost of Swedish lives – the country actually saw negative excess mortality between January of 2020 and June of 2021.

To compare European countries in a comprehensive way, I plotted change in general government gross debt against age-adjusted excess mortality. (Data were not available for Germany, Ireland, Norway and Switzerland.)

Taking into account both metrics, Sweden was one of the best overall performers in Europe, along with Luxembourg, Denmark and Finland. And it was by far the best performer among countries with a population over 10 million.

By contrast, Eastern European countries and large Western European countries – almost all of which had strict lockdowns – did poorly on both metrics. So lockdown was harmful to the public finances, with little corresponding benefit in terms of reduced mortality.

April 13, 2022 Posted by | Economics | , , | Leave a comment

A picture is worth a thousand words, inflation was ready to go

The Naked Emperor’s Newsletter | April 13, 2022

A post on what is maybe the most obvious thing in the world but most can’t see, ignore or don’t want to talk about.

M1 money supply in the US since the ‘60s. It’s amazing how M1 money supply predicts Russia’s invasion of Ukraine and increases six fold, two years early.

Grrrrrr, I’m so angry that Putin has caused all this inflation. Sorry, I forgot to take my ‘triggered’ pills, I’m so easily triggered these days. As Neil points out below, the area highlighted in red should read Trump/Biden.

The inevitable, and only just beginning, conclusion.

Never stop telling the people that overreacted on Covid that their shrieking has caused today’s pain. Otherwise, it will just happen all over again. They selfishly got caught up in thinking about their own mortality without thinking about the complexity of the situation and the consequences that follow.

Government loans were necessary to support low income workers who were being denied a living by the wealthy laptop class but the economy should never have shut down in the first place. Moreover, much of the printed money was fraudulently taken by the wealthy who know how to game the system. I personally have heard many stories of loans being taken out to buy second homes or other assets and this is just the small scale stuff.

And if your argument is “it was necessary to save lives” then predominantly the lives that you saved were the elderly who you trapped and scared witless in their homes or care home rooms. They eventually died anyway, because that is life and what happens when you are old, but instead of happily enjoying those extra 6 months you gave them, they were forced to be alone with maybe the occasional zoom call if they were lucky.

As I’m typing I’m thinking back to a conversation I had with a doctor friend in early March 2020. He asked me if I was worried about dying from the virus. I said that I was more worried about what this is all going to do to the economy to which he replied that I need to get my priorities right.

April 13, 2022 Posted by | Economics, Russophobia, Timeless or most popular | | Leave a comment

Real James Bond villains wear cardigans

Bill Gates, the WEF, and the WHO are not done with us. It’s time we were done with them.

el gato malo – bad cattitude – april 13, 2022

in history as in literature, a special place of contempt is held for the grand vizier, the guy behind the throne, the power behind the power. it’s a position of great influence but zero accountability, especially if you can subvert the ruler you puppet past the point of being able to scapegoat you.

buying or leading a politician and getting goodies is a process as old as politics, probably older as it was likely the reason the first politician was elected in the first place…

but the truly discerning james bond villain level vizier, well, they just go right ahead and buy their own NGO’s. that’s how you take over the world. space lasers and earthquake machines may be cool, but real conquest usually banal.

get to about the 1 minute mark in this video where you can hear bill speak about talking to donald trump in the white house.

trump asks about looking into some of the ill effects of vaccines.

gates tells him “that’s a dead end, that would be a bad thing, don’t do that.”

this is not a man giving well intentioned advice.

this is a man covering up a crime committed in the service of crony capitalism.

the gates foundation has a longstanding relationship with vaccines that is more than a little sketchy. they were pushing oral polio vaccines in africa LONG after they were known to be unsafe and had actually become the leading cause of polio in the world.

“The Gates Foundation is a leading funder of oral polio vaccination in Africa and around the world, having dedicated nearly $4 billion to such efforts by the end of 2018. As discussed in Forbes in May 2019, Gates has “personally [driven] the development” of new oral polio vaccines and plays a “strategic role beyond funding.”

the US uses ONLY injected IPV polio vaccines. both the US and the EU discontinued use of orals because of side effects including actually causing polio.

A year ago, news outlets briefly shone a light on the fact (a fact that makes public health officials squirm) that oral polio vaccines are causing polio outbreaks. With reports streaming in throughout 2019 regarding the circulation of vaccine-derived polioviruses in numerous African and Asian countries, a CDC virologist confessed, “We have now created more new emergences of the virus than we have stopped.”

… there were 400 recorded cases of vaccine-derived polio in more than 20 countries worldwide.

(author’s note: that’s ~3X the total of all natural polio cases worldwide and of those, only 29 occurred outside of pakistan and 100% of those were in afghanistan. this vaccines caused multiples more polio than the virus itself)

This week, the same story is making the same headlines, with the WHO’s shamefaced announcement that the oral polio vaccine is responsible for an alarming polio outbreak in Sudan—“linked to an ongoing vaccine-sparked epidemic in Chad”—with parallel outbreaks in a dozen other African countries. In fact, between August 2019 and August 2020, there were 400 recorded cases of vaccine-derived polio in more than 20 countries worldwide. Ironically, WHO disclosed this “setback” barely a week after it declared the African continent to be free of wild poliovirus—which has not been seen in Africa since 2016. While African epidemiologists cheerily claim that these outbreaks can “be brought under control with further immunization,” and Sudan prepares to launch a mass polio vaccination campaign, WHO is warning that “the risk of further spread of the vaccine-derived polio across central Africa and the Horn of Africa” is high.

but gates kept pushing them in africa anyway, probably because so many of his pals owned the production and that’s what the gates foundation does. that’s what all these guys do. big business and billionaires are not friends of free markets. they want sure things and it’s cheaper to twist and break arms and buy mandated markets than to compete on a fair playing field.

i have (on excellent, direct authority from a personal friend who i trust implicitly and who spoke directly to the folks involved) the following story about the gates foundation in india:

gates himself came in to speak with the health ministers. he offered them a vaccine for a disease they already had one for. they told him, “no thank you, we already have that one covered.” he told them “well, you need to switch to this vaccine or there will be no gates foundation investment for india.” the one he wanted them to switch to was owned by a “friend of his.” this story was relayed by extremely liberal folks who literally run vaccine programs in india. they heard this conversation directly and have no reason to lie. they were horrified. it was a pay to play stick up. (they still declined)

this is not the sort of conflict of interest that’s helpful in a guy telling the president not to look into vaccine issues. it also stands testament to his morality and inclination. bill gates is as amoral as he is rich. always has been. much of microsoft was stolen from his less machiavellian partners.

i’m presuming this interview above and the discussion with trump were pre-covid because it’s never mentioned and had this been post covid, i find it hard to believe that it would not have been, but it seems more apropos now that ever. obviously, the conflicts of interest certainly did not stop back then and vaccine ill effects are looking like quite the hot topic just now.

and gates is, as ever, right smack in the middle of the dirtiest, most profitable part of it.

it was september 2019. SARSCOV-2 was still not really on the radar. according to many, there was not even an outbreak yet.

that same month, billy made a large investment in a company called bioNtech to allegedly pursue HIV and tuberculosis vaccines. if memory serves, he bought about 1/3 of the company which was entirely preclinical in infectious diseases at the time. they were mostly a phase 1-2 oncology company. this looks like a sweetheart valuation.

obviously, this became a very big deal in a very big hurry. it was their mRNA payload that was licensed by pfizer for their vaccine, a product that went on to be the most profitable drug per unit time in human history. (and possibly the most profitable altogether) bioNtech minted money.

lots of things about this investment have long smelled fishier than a sushi bar dumpster.

but then a funny thing happened with a now vexingly familiar cast of characters.

(read more HERE)

even months later in january 2020, folks like osterholm were still buying the “no signs of human to human transmission” line.

yet somehow, 4 months earlier (and who knows when the due diligence started. might have been 6 or more), gates was putting his money right on the one obscure square that would pay out 100 to one. at a company with near zero footprint in infectious disease. for a virus no one was focused on. whose genetic code would not (allegedly) be initially characterized for 4 more months.

then, in the same odd, sudden miracle that got moderna the NIH science they licensed for their vaccine, bioNtech also had a product and pfizer jumped to license it.

alone, having a wargame for the war that had, unbeknownst to most, already started, might raise eyebrows, but it might also be a coincidence.

but when the folks coming to that wargame have been making big bets on the kinds of weapons that that precise (and only that precise) sort of war would use, well, one might start to sharpen the points on one’s pointy questions.

just what was informing what here?

this idea that “mRNA is magic and you can develop a vaccine in weeks” is complete nonsense. it’s never been true and the rest of the mRNA vaccine timelines stand testament to it. no other vaxx has been forthcoming.

this HAD to have been in the works for a significant period beforehand.

the fix appears to have been deeply in here. somebody was getting some VERY early looks at some tech to vaccinate against a virus no one else even had a copy of. the awareness not just of the pathogen, but the way to code for its spike protein and the impending pandemic seems to have been loose in certain circles long before the rest of us were told.

the NIH seeded moderna. i still do not have confirmation on where bioNtech got theirs, but i have a hunch and it rhymes with “silly plates” and that this might explain the sweetheart deal.

there is really only one story that makes sense to me here on covid origins, and that story is this:

NIH funded eco health alliance run by daszak and in cahoots with folks like baric colored outside the lines with fauci’s grant money. they, in collaboration with the wuhan institute of virology hotwired the hell out of covid viruses from bats engaging in gain of function work WAY outside of safe limits. this was not a weapon. it was work on inoculation. that was daszak’s longstanding focus. we’ll probably never know what happened in wuhan, but the breadcrumbs here are AWFULLY provocative and the sudden appearance of 2 mRNA vaccines, one with the NIH folks that funded EHA at the WIV, one with bioNtech, looks like an offshoot of it. (lots of detail HERE and HERE on the breadcrumbs)

wrapped up in this from the very beginning were load of the WEF gang (who had just run an oddly timely pandemic wargame for a disease an awful lot like covid) and the WHO.

billy gates is neck deep in both, a charter member of the cool kids crony capitalist table at davos and a top funding source for the WHO, donating more than 10% of its budget. it’s clearly a great investment for him as it poops golden eggs in terms of early information and hard sell opportunities for poor countries. it’s a seat at every table that makes you look like a philanthropist while in reality being a lead pipe wielding coercive corporatist.

gates is not a good guy.

he’s a sociopathic nerd with the most unsavory of associates.

and he knows how to play the crony capitalist game with the absolute best of them. the gates foundation has become a barely veiled international influence organization masquerading as a charity.

between gates and china, the WHO will dance to whatever song the two play. and oh, how they will dance.

remember this gem? (i do)

this was a big part of what got the out of control abandonment of 100 years of science based pandemic guidelines rolling.

“hey, let’s throw all the science, data, and history out the window and copy a terrifying authoritarian regime with a human rights record that would make myanmar blush!”

yeah, well, we all remember how THAT worked out…

but this is government. it’s worse than government, it’s trans-national organizational government. these are the people who invented “failing up” where the bigger your screw ups, the higher you get promoted. (if you doubt me, look at who runs the IMF and the world bank some time…)

and so, despite having cheer led for nothing uty pseudoscience, failure, and human ruin, the current plan being put forward is, wait for it, “hey, let’s give the WHO massive, unaccountable globalist powers!”

of course, this was clearly the plan all along if you were paying attention.

note the direct parrot of the WEF “build back better” taking point.

this gang sees every crisis as a chance to try to grab control of the world. and they are at it again.

In a consensus decision aimed at protecting the world from future infectious diseases crises, the World Health Assembly today agreed to kickstart a global process to draft and negotiate a convention, agreement or other international instrument under the Constitution of the World Health Organization to strengthen pandemic prevention, preparedness and response.

Dr Tedros Adhanom Ghebreyesus, WHO Director-General, said the decision by the World Health Assembly was historic in nature, vital in its mission, and represented a once-in-a-generation opportunity to strengthen the global health architecture to protect and promote the well-being of all people.

“The COVID-19 pandemic has shone a light on the many flaws in the global system to protect people from pandemics: the most vulnerable people going without vaccines; health workers without needed equipment to perform their life-saving work; and ‘me-first’ approaches that stymie the global solidarity needed to deal with a global threat,” Dr Tedros said.

they will also force licensing, break patents, and drive health policy at the highest levels.

but here’s the full blown worst of it:

The World Health Organization (WHO) has contracted German-based Deutsche Telekom subsidiary T-Systems to develop a global vaccine passport system, with plans to link every person on the planet to a QR code digital ID.

Indeed, despite the minuscule threat posed by new variants and dubious-at-best vaccine efficacy, the WHO is adamant that a global QR code-based vaccine passport system is vital for all future health emergencies, not just COVID.

“COVID-19 affects everyone. Countries will therefore only emerge from the pandemic together. Vaccination certificates that are tamper-proof and digitally verifiable build trust. WHO is therefore supporting member states in building national and regional trust networks and verification technology,” says unit head of the WHO’s Department of Digital Health and Innovation Garrett Mehl.

“The WHO’s gateway service also serves as a bridge between regional systems. It can also be used as part of future vaccination campaigns and home-based records.”

got that? this one is going to be digitally verifiable and global. nowhere to run, nowhere to hide, universal, mandatory, trans-national, and administered by an agency completely unaccountable to you and beholden to proven kleptocrats, authoritarians, and crony corporatists. they are basically a subsidiary of china and gates inc.

they will not get any better or more honest next time.

we’re talking about taking one of the most corrupt, captured, and incompetent agencies in the history of bureaucratic bloviation and giving them the keys to the world crisis machine and to an electronic health passport that will be your right to travel and work and eat out and shop and who knows what else. this is the cornerstone of an international social credit system. wait until they add your ESG score and your carbon footprint.

giving this team universal chicken little rights and direct links at highest levels to public policy is bad enough. letting them enable fine grained access into permission to have anything resembling a life will have you eating bugs and tweeting what you’re told faster than you can say #grasshoppers #yummy!

they promised you that in the future you’d have no privacy and own nothing and that you’d been happy.

guess which two promises they’re going to keep?

and government will fall all over themselves to help and to outsource the imposition of the infinite personal tracking and permissioning they have so long salivated over under the pretext of pandemic preparedness. (oops, look, another trojan framing of subjugating masquerading as safety. told you these were EVERYWHERE…)

this is not going to be acceptable or even tolerable.

this group should be disbanded, not granted greater remit.

and they are not done, because the power behind these thrones is ever hungry.

you might be thinking “wow, that was awful” but they are all thinking “wow, that was surprisingly easy. i wonder what we could do if we had some time to get set up beforehand and really run the table?”

these are not good people.

they do not have noble aims nor your best interests at heart.

they are a global aristocracy of surpassing ruthlessness telling scare stories so they can mandate alleged solutions.

they tell you it’s about saving you.

it isn’t.

read the fine print.

follow the money.

the super rich do not like to guess. they do not like to be surprised by trends. it is far more certain and therefore more profitable to force you to buy that which they are selling. the public health grift and the climate grift are all one grift: use government and trans-government to frighten and force people into buying the needless products that you’re going to produce for them.

small investors talk their book. titanic investors force you to buy it.

  • if it’s a vaccine, mandate it and bar all useful therapeutics from market.
  • if it’s a windmill, kill nuclear and inflict absurdist carbon taxes.
  • never let any of it be properly assessed.
  • use fear to drive compliance and compliance to drive mandate.

they will sell you your own collar and leash and demand your gratitude for having done so.

and if you don’t wake up pretty soon, they’re going to get it from you. by force. and you will be powerless to stop it.

the confluence of a global health passport and central bank digital currencies is an extinction level event for personal liberty and privacy.

and make no mistake: gates wants it. the WEF wants it. and most western governments want it.

but they also know that you do not want it. so they need a pretext and a plan and a pile of boring, technocratic yammering to hide it behind. they learned from last time. they saw the cracks we squirmed through and how we got away. and they do not plan to let it happen again. the next one will be air tight. they’ll have the WHO ready to both be able to declare a global emergency and impose ready made verified global digital ID using that fear as a pretext.

if you let them get these pieces into place, you are NOT going to like the endgame.

this has reached the email length limit. check the substack page for an addendum.

April 13, 2022 Posted by | Corruption, Deception, Science and Pseudo-Science, Timeless or most popular, War Crimes | , , , , | 1 Comment

Bill Gates Says “Crazy” Protests Against His Vaccines Are “Kind Of Weird”

By Steve Watson | Summit News | April 13, 2022

While pushing a billion dollar ‘pandemic prevention’ global government health ‘solution’ at a TED Talk this week, Bill Gates addressed ‘conspiracy theories’ regarding himself and COVID vaccines, calling those who speak about them “crazy.”

In an appearance at the TED2022 conference in Vancouver, Canada, Gates declared that it was “somewhat ironic” that protesters had gathered outside the venue because he has “saved tens of millions of lives.”

Gates said that “The Gates Foundation is very involved in vaccines, the invention of new vaccines, funding vaccines. So it’s somewhat ironic to have somebody turn around and say we’re using vaccines to kill people or to make money or we started the [Covid-19] pandemic,” Insider reported.

Gates continued, “Or when we started during the pandemic, even some strange things — like that I somehow want to track, you know, the location of individuals — because I’m so deeply desirous of knowing where everyone is.”

Gates also proclaimed that it’s “kind of weird,” that people don’t like him, adding “Does this turn into something where there’s constantly crazy people showing up?”

“Hopefully as the pandemic calms down, people are more rational about, ‘Hey, vaccines are a miracle and there’s a lot more we can do,’” Gates further stated.

Gates spent most of the speech pushing his vision for a global emergency-response squad under the acronym GERM, Global Epidemic Response and Mobilization.

The following footage of protesters, said to be taken outside the venue, was uploaded to social media:

The ‘world’s most powerful doctor’, Gates previously declared that China did “great work” containing the coronavirus, before announcing that “sadly” Omicron is a “type of vaccine” and has “done a better job getting out to the world population than we have with vaccines.”

He has constantly described anyone who questions his global vaccine push as “crazy,” calling for censorship of dissenting opinion.

Gates, the saviour of the world, also previously mocked anti-mask protesters, declaring that protesting having to wear a mask is akin to being against wearing pants.

April 13, 2022 Posted by | Timeless or most popular, Video, War Crimes | | 2 Comments

Jive Talking Journals: Why the conclusions sometimes don’t match the data in scientific papers

By a Biomedical Scientist | The Exposé | April 13, 2022

Biomedical research papers are being published in which the abstract, the discussion section, and even the title contradict the content within the paper.

This is unlikely to be happening because the authors don’t understand their own data. It’s more likely that the authors are being pressured by their financial backers and the editorial staff of journals to reach conclusions that advance the prevailing narrative.

It’s a well thought out deception that uses seemingly intellectual analysis to lead the undiscerning reader into believing the wrong conclusion. Skewing statistics is easy to accomplish simply by using the wrong statistical test, using a weak test when a stronger one should apply or just about any other trick to misrepresent the data.

Medical journals have become financially dependent on their advertisers, which are almost exclusively the big pharmaceutical companies. With enough money, they can buy a scientific study that says what they want it to say.

Sometimes these studies are “ghost” written by people working for industry with credentialed unscrupulous scientists and doctors names misattributed as authors when in fact they did none of the writing.

The pharmaceutical industry uses its profits to control biomedical science at every level, from researchers to journal editors, to government regulatory agencies, and to the media who are supposed to interpret science for the public.

Pressure is being placed on independent researchers by the journal editors and peer reviewers, many of whom have ties to Big Pharma. Valid studies, honestly reported, can be rejected for publication if they convey a message that threatens corporate profits. Many scientific authors know how difficult it is to get a paper through peer review at most “reputable” medical journals when the results are not in line with the official narrative.

Many biomedical scientists have become shills for the pharmaceutical companies. Rigging clinical trials the old-fashioned way is expensive, time-consuming, uncertain, and recent legislation makes it more difficult. Sometimes the truth emerges even if a study is designed to hide it. Even a study that is designed to fail might succeed when the inconvenient truths are stubborn enough.

It’s easier to report the actual results and then tack on an abstract and a discussion section that convey the right message, regardless of the data in the main body of the article. This can then be used in the “citation bluff” fraud, that depends on people not carefully reading supposed supportive evidence, to perpetuate the false narrative.

Often the cited evidence in support of a particular narrative doesn’t really support the narrative being advanced. In fact, the supposed supportive evidence can sometimes even completely contradict the narrative being pushed.

This is something to bear in mind the next time you get into an argument with someone demanding to see peer-reviewed evidence and rejecting any evidence that has not been peer-reviewed regardless of its merits.

Journals and the peer review process have been corrupted by powerful vested interests.

April 13, 2022 Posted by | Corruption, Deception, Science and Pseudo-Science, Timeless or most popular | Leave a comment

Western Dissent from US/NATO Policy on Ukraine is Small, Yet the Censorship Campaign is Extreme

Preventing us from asking who benefits from a protracted proxy war, and who pays the price, is paramount. A closed propaganda system achieves that.

By Glenn Greenwald | April 13, 2022

If one wishes to be exposed to news, information or perspective that contravenes the prevailing US/NATO view on the war in Ukraine, a rigorous search is required. And there is no guarantee that search will succeed. That is because the state/corporate censorship regime that has been imposed in the West with regard to this war is stunningly aggressive, rapid and comprehensive.

On a virtually daily basis, any off-key news agency, independent platform or individual citizen is liable to be banished from the internet. In early March, barely a week after Russia’s invasion of Ukraine, the twenty-seven nation European Union — citing “disinformation” and “public order and security” — officially banned the Russian state-news outlets RT and Sputnik from being heard anywhere in Europe. In what Reuters called “an unprecedented move,” all television and online platforms were barred by force of law from airing content from those two outlets. Even prior to that censorship order from the state, Facebook and Google were already banning those outlets, and Twitter immediately announced they would as well, in compliance with the new EU law.

But what was “unprecedented” just six weeks ago has now become commonplace, even normalized. Any platform devoted to offering inconvenient-to-NATO news or alternative perspectives is guaranteed a very short lifespan. Less than two weeks after the EU’s decree, Google announced that it was voluntarily banning all Russian-affiliated media worldwide, meaning Americans and all other non-Europeans were now blocked from viewing those channels on YouTube if they wished to. As so often happens with Big Tech censorship, much of the pressure on Google to more aggressively censor content about the war in Ukraine came from its own workforce: “Workers across Google had been urging YouTube to take additional punitive measures against Russian channels.”

So prolific and fast-moving is this censorship regime that it is virtually impossible to count how many platforms, agencies and individuals have been banished for the crime of expressing views deemed “pro-Russian.” On Tuesday, Twitter, with no explanation as usual, suddenly banned one of the most informative, reliable and careful dissident accounts, named “Russians With Attitude.” Created in late 2020 by two English-speaking Russians, the account exploded in popularity since the start of the war, from roughly 20,000 followers before the invasion to more than 125,000 followers at the time Twitter banned it. An accompanying podcast with the same name also exploded in popularity and, at least as of now, can still be heard on Patreon.

What makes this outburst of Western censorship so notable — and what is at least partially driving it — is that there is a clear, demonstrable hunger in the West for news and information that is banished by Western news sources, ones which loyally and unquestioningly mimic claims from the U.S. government, NATO, and Ukrainian officials. As The Washington Post acknowledged when reporting Big Tech’s “unprecedented” banning of RT, Sputnik and other Russian sources of news: “In the first four days of Russia’s invasion of Ukraine, viewership of more than a dozen Russian state-backed propaganda channels on YouTube spiked to unusually high levels.”

Note that this censorship regime is completely one-sided and, as usual, entirely aligned with U.S. foreign policy. Western news outlets and social media platforms have been flooded with pro-Ukrainian propaganda and outright lies from the start of the war. A New York Times article from early March put it very delicately in its headline: “Fact and Mythmaking Blend in Ukraine’s Information War.” Axios was similarly understated in recognizing this fact: “Ukraine misinformation is spreading — and not just from Russia.” Members of the U.S. Congress have gleefully spread fabrications that went viral to millions of people, with no action from censorship-happy Silicon Valley corporations. That is not a surprise: all participants in war use disinformation and propaganda to manipulate public opinion in their favor, and that certainly includes all direct and proxy-war belligerents in the war in Ukraine.

Yet there is little to no censorship — either by Western states or by Silicon Valley monopolies — of pro-Ukrainian disinformation, propaganda and lies. The censorship goes only in one direction: to silence any voices deemed “pro-Russian,” regardless of whether they spread disinformation. The “Russians With Attitude” Twitter account became popular in part because they sometimes criticized Russia, in part because they were more careful with facts and viral claims that most U.S. corporate media outlets, and in part because there is such a paucity of outlets that are willing to offer any information that undercuts what the U.S. Government and NATO want you to believe about the war.

Their crime, like the crime of so many other banished accounts, was not disinformation but skepticism about the US/NATO propaganda campaign. Put another way, it is not “disinformation” but rather viewpoint-error that is targeted for silencing. One can spread as many lies and as much disinformation as one wants provided that it is designed to advance the NATO agenda in Ukraine (just as one is free to spread disinformation provided that its purpose is to strengthen the Democratic Party, which wields its majoritarian power in Washington to demand greater censorship and commands the support of most of Silicon Valley). But what one cannot do is question the NATO/Ukrainian propaganda framework without running a very substantial risk of banishment.

It is unsurprising that Silicon Valley monopolies exercise their censorship power in full alignment with the foreign policy interests of the U.S. Government. Many of the key tech monopolies — such as Google and Amazon — routinely seek and obtain highly lucrative contracts with the U.S. security state, including both the CIA and NSA. Their top executives enjoy very close relationships with top Democratic Party officials. And Congressional Democrats have repeatedly hauled tech executives before their various Committees to explicitly threaten them with legal and regulatory reprisals if they do not censor more in accordance with the policy goals and political interests of that party.

But one question lingers: why is there so much urgency about silencing the small pockets of dissenting voices about the war in Ukraine? This war has united the establishment wings of both parties and virtually the entire corporate media with a lockstep consensus not seen since the days and weeks after the 9/11 attack. One can count on both hands the number of prominent political and media figures who have been willing to dissent even minimally from that bipartisan Washington consensus — dissent that instantly provokes vilification in the form of attacks on one’s patriotism and loyalties. Why is there such fear of allowing these isolated and demonized voices to be heard at all?

The answer seems clear. The benefits from this war for multiple key Washington power centers cannot be overstated. The billions of dollars in aid and weapons being sent by the U.S. to Ukraine are flying so fast and with such seeming randomness that it is difficult to track. “Biden approves $350 million in military aid for Ukraine,” Reuters said on February 26; “Biden announces $800 million in military aid for Ukraine,” announced The New York Times on March 16; on March 30, NBC’s headline read: “Ukraine to receive additional $500 million in aid from U.S., Biden announces”; on Tuesday, Reuters announced: “U.S. to announce $750 million more in weapons for Ukraine, officials say.” By design, these gigantic numbers have long ago lost any meaning and provoke barely a peep of questioning let alone objection.

It is not a mystery who is benefiting from this orgy of military spending. On Tuesday, Reuters reported that “the Pentagon will host leaders from the top eight U.S. weapons manufacturers on Wednesday to discuss the industry’s capacity to meet Ukraine’s weapons needs if the war with Russia lasts years.” Among those participating in this meeting about the need to increase weapons manufacturing to feed the proxy war in Ukraine is Raytheon, which is fortunate to have retired General Lloyd Austin as Defense Secretary, a position to which he ascended from the Raytheon Board of Directors. It is virtually impossible to imagine an event more favorable to the weapons manufacturer industry than this war in Ukraine:

Demand for weapons has shot up after Russia’s invasion on Feb. 24 spurred U.S. and allied weapons transfers to Ukraine. Resupplying as well as planning for a longer war is expected to be discussed at the meeting, the sources told Reuters on condition of anonymity. . .

Resupplying as well as planning for a longer war is expected to be discussed at the meeting. . .  The White House said last week that it has provided more than $1.7 billion in security assistance to Ukraine since the invasion, including over 5,000 Javelins and more than 1,400 Stingers.

This permanent power faction is far from the only one to be reaping benefits from the war in Ukraine and to have its fortunes depend upon prolonging the war as long as possible. The union of the U.S. security state, Democratic Party neocons, and their media allies has not been riding this high since the glory days of 2002. One of MSNBC’s most vocal DNC boosters, Chris Hayes, gushed that the war in Ukraine has revitalized faith and trust in the CIA and intelligence community more than any event in recent memory — deservedly so, he said: “The last few weeks have been like the Iraq War in reverse for US intelligence.” One can barely read a mainstream newspaper or watch a corporate news outlet without seeing the nation’s most bloodthirsty warmongering band of neocons — David Frum, Bill Kristol, Liz Cheney, Wesley Clark, Anne Applebaum, Adam Kinzinger — being celebrated as wise experts and heroic warriors for freedom.

This war has been very good indeed for the permanent Washington political and media class. And although it was taboo for weeks to say so, it is now beyond clear that the only goal that the U.S. and its allies have when it comes to the war in Ukraine is to keep it dragging on for as long as possible. Not only are there no serious American diplomatic efforts to end the war, but the goal is to ensure that does not happen. They are now saying that explicitly, and it is not hard to understand why.

The benefits from endless quagmire in Ukraine are as immense as they are obvious. The military budget skyrockets. Punishment is imposed on the arch-nemesis of the Democratic Party — Russia and Putin — while they are bogged down in a war from which Ukrainians suffer most. The citizenry unites behind their leaders and is distracted.

April 13, 2022 Posted by | Civil Liberties, Corruption, Full Spectrum Dominance, Russophobia | , , , , , , , | Leave a comment

Russia’s Ukraine operation has no deadline

BY M. K. BHADRAKUMAR | INDIAN PUNCHLINE | APRIL 13, 2022

In his first extended remarks in nearly a month about the conflict in Ukraine, Russian President Vladimir Putin said on Tuesday that peace talks had reached a “dead end” and pledged that Russia’s “military operation will continue until its full completion.”

Putin defined a more limited aim for the war, focusing on control of the Donbass — and not all of Ukraine. Putin reiterated that Russia’s actions so far in several regions of Ukraine were intended only to tie down enemy forces and carry out missile strikes with the purpose of destroying the Ukrainian military’s infrastructure, so as to “create conditions for more active operations on the territory of Donbass.”

In his words, “Our goal is to provide aid to the people of Donbass, who feel an unbreakable bond with Russia and have been the subjects of genocide for eight years.”

Asked why the operation cannot be speeded up, Putin told reporters: “I often get these questions, ‘can’t we hurry it up?’ We can. But it depends on the intensity of hostilities and, any way you put it, the intensity of hostilities is directly related to casualties.”

He made it clear that “our task is to achieve the set goals while minimising these losses. We will act rhythmically, calmly, and according to the plan that was initially proposed by the General Staff.” He added, “The operation is going according to plan.”

Clearly, Mariupol port city in the south of Donbass could have been conquered with brute force. But that would have caused horrific casualties. Instead, the enemy forces — Ukrainian military, neo-Nazi Azov battalion and foreign mercenaries — have been steadily cornered and entrapped in two main locations, namely, Azovstal steel mills and the city’s main port.

The Russian forces have gained control of the port, while in Azovstal, about 3000-strong enemy forces have been surrounded, who include possibly dozens or hundreds of military officers from the NATO countries — and, surprisingly, Sweden. The experts estimate that the fall of the city into Russian hands is imminent. The Russian Ministry of Defence announced on Wednesday that over 1,000 Ukrainian troops, including 162 officers, surrendered earlier in the day in Mariupol.

In retrospect, the main purpose behind the frantic diplomatic efforts by some of the NATO countries (France and Germany, in particular) to sponsor “humanitarian corridors” out of Mariupol had a nefarious agenda to exfiltrate the Western officers trapped in the city. The heart of the matter is, NATO forces are de facto deployed in Ukraine, as foreign volunteers or as military instructors, and, equipped with heavy military equipment, they are fighting the Russian Army.

A French journalist who managed to sneak in with French “volunteers” has since come out with a video showing that American military personnel coordinate the foreign military in Ukraine and are directly handling the training and enrolment of the foreign “volunteers” in the Ukrainian forces.

In such conditions, quite obviously, peace talks between Moscow and Kiev cannot progress. The big question is: Does the Biden administration want the conflict to end and a peace agreement to be negotiated? The answer seems ‘no’. In fact, the US is fuelling this conflict.

The US Senate has approved a draft law on lend-lease, which will greatly simplify supplies to Ukraine. The Wall Street Journal reported that the US will provide Ukraine with heavy equipment, including Soviet air defence systems. The Biden administration is said to be preparing to announce more than $700 million in additional military assistance to Ukraine, which is likely to include heavy ground artillery systems, helicopters and armoured vehicles. The US had provided more than $2.4 billion in military assistance to Ukraine during Biden’s presidency, including $1.7 billion since Russia began its special operation in Ukraine in late February.

Interestingly, Putin confirmed yesterday the reports that British intelligence had stage-managed the so-called Bucha killings to pillory Russian military and create an international ruckus. The Pentagon had ostentatiously distanced itself from the controversy riveted on what turned out to be fake news. Putin said:

“There is a lot of commotion, but they (EU and US) just needed to adopt a new package of sanctions, as we know very well. Today, we discussed their special operation, the psychological operation carried out by the British.

“If you want to know the addresses, the secret meeting places, the licence plate numbers, the brands of vehicles they used in Bucha, and how they did it, the FSB of Russia can provide this information. If not, we can help. We exposed that ugly, disgusting position of the West together with our Russian friends, in full and from the beginning to the end.”

The Russian and Ukrainian forces have been regrouping and strengthening their positions in Eastern Ukraine through the past fortnight in preparation for a decisive battle for the Donbass. The Russian forces are preparing to encircle a huge concentration of Ukrainian troops, estimated to be in the region of 100,000 servicemen drawn from the best units of the armed forces. Kiev is also transferring all available forces to the eastern front in order to stop the Russian offensive.

Putin’s remarks yesterday suggest that Russia is not looking for a quick victory at any cost. Putin said on Tuesday that Moscow “had no other choice” and that the operation aimed to protect people in parts of eastern Ukraine and to “ensure Russia’s own security”. He vowed it would “continue until its full completion and the fulfilment of the tasks that have been set.”

To be sure, fighting in eastern Ukraine will intensify over the next two to three weeks but the final outcome will take time. The Ukrainian forces and the foreign fighters who have flocked to the eastern region are well-equipped and will not only put up stiff resistance but may even carry the fight into Russian territory.

This grim scenario is fraught with the real danger that NATO may increasingly be finding itself at war with Russia in Ukraine. According to Western media reports, elite British and US special forces units are deployed in Ukraine, including servicemen of the British Special Air Service (SAS) and soldiers of the First Operational Unit of Special Forces “Delta” of the US Army.

There have been reports that the operations in Mariupol were under the command of an American general who attempted to escape by helicopter sent to rescue him a week ago, but was intercepted by the Donetsk militia involved in the operation alongside the Russian forces, and was taken into their custody. It is entirely conceivable that the Austrian Chancellor Karl Nehammer’s Moscow mission on Monday and his “very direct, open and tough” talks with Putin at a one-to-one meeting at the latter’s Novo-Ogaryovo residence near Moscow was in coordination with Washington. There has been no readout of the 75-minute meeting from the Kremlin.

April 13, 2022 Posted by | False Flag Terrorism | , , , , | 1 Comment

Hamas Says Animal Sacrifice at Al-Aqsa ‘Red Line’, Gaza Resistance Meets to Discuss Israeli Escalation

Al-Manar | April 13, 2022

Hamas movement warned on Wednesday that the Jewish so-called animal sacrifice at Al-Aqsa holy mosque is considered a red line, as Resistance factions in Gaza are scheduled to meet in a bid to discuss the latest escalation by Israeli occupation in Al-Quds and the West Bank.

In a statement, Hamas Resistance group said the animal sacrifice at the holy compound of Al-Aqsa “is a dangerous escalation that crosses all red lines,” stressing that Palestinian people won’t allow such violation “whatever it costs.”

The group called on Arab and Muslim state to prevent such desecration of the holy mosque, urging Palestinian people to mobilize in a bid to defend Al-Aqsa and Al-Quds against Israeli violations.

Meanwhile on Wednesday, Palestinian Resistance factions in Gaza are to meet at Hamas leader Yahya Sinwar’s office in a bid to discuss the latest escalation by the Israeli occupation in Al-Quds and the West Bank.

Both Islamic Jihad and Hamas officials, Khaled Al-Batesh and Mohammad Hamade, said all Palestinian factions in Gaza will attend the meeting at Sinwar’s office.

“The meeting will tackle the Resistance’s response to Israeli violations. It represents a clear message that the Resistance in Gaza won’t abandon its people in Al-Quds and the West Bank.”

April 13, 2022 Posted by | Aletho News | 1 Comment

Chinese energy major quits West – report

Samizdat | April 13, 2022

China’s state-owned oil and gas corporation China National Offshore Oil Corporation (CNOOC) is reportedly preparing to exit from the US, UK and Canada due to mounting concerns about sanctions, regulations and rising costs.

Relations between China and Western countries have soured over the past several years. Beijing’s ties with Washington were shattered after former US President Donald Trump launched a large-scale trade war, hitting a wide range of Chinese goods with import levies. Tensions have been mounting recently after China refused to condemn Russia’s military operation in Ukraine.

CNOOC, China’s top offshore oil and gas producer, is currently seeking to leave the West by selling “marginal and hard to manage” assets in the three nations, according to unnamed industry sources quoted by Reuters.

The sources, who spoke on condition of anonymity because of the sensitivity of the issue, told the agency that the company’s top management found it “uncomfortable” to manage its Western assets because of regulations and high operating costs.

CNOOC, which entered the three countries by a $15 billion acquisition of Canadian energy major Nexen in 2013, was delisted from the New York Stock Exchange after Trump’s anti-China campaign was launched. Prior to that the company had been listed on the NYSE for two decades. Joe Biden’s administration removed the firm from the blacklist about a year ago.

In the US, the Chinese energy major owns onshore assets in the Eagle Ford and Niobrara shale basins and also has offshore stakes in the Stampede and Appomattox fields in the Gulf of Mexico. In Britain, the company operates three sites in northeast Scotland, and has oil sands and shale gas assets in Canada.

“Assets like Gulf of Mexico deepwater are technologically challenging and CNOOC really needed to work with partners to learn, but company executives were not even allowed to visit the US offices,” a senior industry source said, as quoted by media.

“It had been a pain all along these years and the Trump administration’s blacklisting of CNOOC made it worse,” he explained.

Moreover, the latest sanctions imposed by the US on Russia may hit CNOOC’s assets, the sources also said. The company, which is getting ready to list on the Shanghai stock exchange in April, is reportedly planning to purchase assets in Latin America and Africa.

CNOOC reportedly produced some 1.57 million barrels of oil equivalent per day in 2021, of which 62,000 were from sites in Canada and 80,000 were from sites elsewhere in North America. Altogether, its assets in the US, UK and Canada produce nearly 220,000 barrels of oil equivalent per day, according to Reuters’ calculations.

April 13, 2022 Posted by | Economics | , , , | Leave a comment

Rallying Round the False Flags

By Finian Cunningham | Strategic Culture Foundation | April 12, 2022

Another day, another provocation, and Western leaders are frothing at the mouth with denunciations of Russian “barbarity”. U.S. President Joe Biden signs off on more weapons to Ukraine while European counterparts slap more economic warfare sanctions on Russia.

Just when the Western media had saturated “reports” of Russian troops executing civilians and leaving their bodies to rot on the streets of Bucha, then we read of more horror from accusations that Russian forces fired a missile at a train station in Kramatorsk killing over 50 people, including women and children.

Last week the Western media were telling us about Russian forces bombing a theatre in Mariupol and killing people sheltering in the basement. The week before it was an alleged Russian airstrike on a maternity hospital in the same city.

The onslaught of the reports of these alleged atrocities is itself telling. There is hardly any time for the Western public to think critically about the reports and whether they are credible. We are being bombarded with sensation and disgust and forced to rally around the flag of supposed Western values such as democracy and morality. That means sending more weapons to Ukraine to “defend” that country from Russian “barbarity”.

Let’s take the latest incident in Kramatorsk on April 8. The New York Times and other Western media reported that a Russian missile hit a train station and killed at least 50 people who were trying to evacuate the city. The impression conveyed in the reporting is that civilians are fleeing as Russian troops advance on more of the Donbass territory.

Russia denied that its forces fired on Kramatorsk. It described the incident as a provocation, or what others would call a false flag operation. The Russians said the missile was fired by the NATO-backed Ukrainian military some 45 kilometres from Kramatorsk.

So, who’s right?

One important fact that all media reported, including the New York Times, is that the explosion was caused by a Tockha-U short-range ballistic missile. Fragments of the munition were identified and photographed near the scene of carnage at the train station.

The Soviet-era weapon is no longer used by the Russian military as of 2019. It is, however, widely used by the Ukrainian military.

Indeed, the Ukrainian military has been firing Tockha-U missiles into the pro-Russian Donbass territory for years, killing civilians indiscriminately. Last month, a missile killed over 20 people when it struck Donetsk city.

Western media have not been reporting that. They have hardly reported that the NATO-backed Kiev Ukrainian forces have been waging a war on the pro-Russian people of Donbass for eight years since the CIA-sponsored coup in Kiev in 2014. The Western media don’t tell you that the NATO bloc has been weaponizing and training Ukrainian regiments like the Azov Battalion that are infested with Nazi supporters who view the killing of Russians as a noble mission. The Western media don’t tell you why Russia views Ukraine and its NATO ambitions as a national security threat and that Moscow went into Ukraine on February 24 because of mounting attacks on civilians in the Donbass.

The Kramatorsk “crime against humanity” that Biden, Johnson, Macron and Von Der Leyen have been denouncing as “cynical” and “abominable” was in all probability carried out by the Ukrainian military that the United States, NATO and the European Union are supporting and sending weapons to.

The same goes for the reported killings in Bucha. Western media and leaders have roundly condemned Russia for allegedly carrying out the atrocity. The Western media have relied totally on Ukrainian claims concerning Bucha, as they have for Kramatorsk and other alleged atrocities.

But if you can withstand the hype and hyperbole, the shock and awe of the media blitz, the claims don’t stand up to scrutiny. The alleged Bucha atrocity came to light in Western media four days after Russian troops withdrew from that city on March 30, and the freshly dead corpses on the streets were filmed by the Ukrainian military. The alleged Russian atrocity has been convincingly debunked, just as Moscow has been saying, blaming it on a provocation.

The earlier bombing of the maternity hospital and the theater in Mariupol were also false-flag attacks carried out by the NATO-backed Ukrainian military. So too was the alleged killing of dozens of Ukrainian soldiers on Snake Island. Remember how Western media reported Ukrainian defenders on the island radioing the Russian forces to “go fuck themselves” before they were blasted to death. Turns out the Russians safely evacuated the surrendering Ukrainians under normal laws of war having afforded them safe passage from the island.

The Western media are playing the public like an organ-grinder. The U.S. media have even admitted to spinning false information in the cause of an “information war” against Russia.

And so we see people like Pope Francis kissing the flag and praying for Ukraine and condemning Russia, we see Biden and European leaders calling for war crimes prosecution of Russian President Vladimir Putin and ordering up more weapons to Ukraine. We see American actors like Sean Penn going into hysterics threatening to “melt down” his Academy Awards in protest over Russian barbarity. Maybe Sean’s next project will be starring in a movie about fighting to the death to defend Snake Island!

Ukrainian comedian-actor-president Vladimir Zelensky (a Jewish frontman for a Nazi regime) said of the Kramatorsk atrocity – and it was an atrocity, but one carried out by his military: “Lacking the strength and the courage to stand up to us on the battlefield, they [Russia] are cynically destroying the civilian population. This evil knows no limits. And if it is not punished it will never stop.”

Cue the anguished tears, condemnations, and billions of dollars/euros of taxpayer-funded aid and lethal weapons to the Ukrainian regime – because we are all supposed to rally around the flag of Western democratic and moral virtue. Even that latter claim is one big false flag.

April 13, 2022 Posted by | Fake News, False Flag Terrorism, Mainstream Media, Warmongering | , | 3 Comments

Russia will find buyers for its oil – Putin

Samizdat | April 13, 2022

Russia can easily redirect exports of its vast energy resources away from the West to countries that really need them, while increasing domestic energy consumption, President Vladimir Putin said on Wednesday.

“When it comes to Russian oil, gas and coal, we will be able to increase their consumption on the domestic market and stimulate the deep processing of raw materials,” Putin said speaking at a meeting on the development of the Russian Arctic.

“We will also increase the supply of energy resources to other regions of the world where they are really needed,” he added.

The statement comes amid the latest ban on Russian oil imports imposed by the US, Canada, Britain and Australia in response to Moscow’s military operation in Ukraine. The ban on energy imports was part of broader anti-Russian sanctions that are aimed at cutting the country’s economy off from the global trade and financial system.

Putin attributed the current energy crunch in Europe to the refusal by countries to “cooperate with Russia normally, thus, hitting millions of Europeans.”

“Of course we are also facing problems but this opens up new opportunities,” he said.

Putin added that “hostile countries” had destroyed supply chains in Russia’s Arctic regions and some nations were not fulfilling their contractual obligations, creating issues for Moscow.

On Wednesday, Russian Energy Minister Nikolai Shulginov said Moscow was ready to sell oil and oil products to “friendly nations” as traditional importers are shunning Russian energy supplies, forcing the country to reduce crude production.

April 13, 2022 Posted by | Economics, Malthusian Ideology, Phony Scarcity, Russophobia | | Leave a comment

India key to alternative payment mechanism for Russia

By Paul Antonopoulos | April 13, 2022

The war in Ukraine has focussed attention on Russia’s global exports as sanctions on the country have led to sharp rises in various commodity prices. As Russia is a key supplier of not just oil and gas, but also wheat, metals and fertilizers, the problem is further aggravated due to Russia’s exclusion from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) mechanism, which means that payments for trade with Russia are not permissible in dollars.

Indian exporters have payments of around $400-500 million pending in Russia due to the war in Ukraine and the subsequent economic ban on the country and its exclusion from the SWIFT mechanism by the western powers. In 10 months of FY22, India’s exports to Russia totalled $2.85 billion against $7.90 billion of imports, according to Bank of Baroda Economic Research data.

Discussions on a Rupee-Ruble trade mechanism is an inevitability after Russia’s exclusion from SWIFT. As economic sanctions against Russia are used as a weapon of war by the western powers, the countries trading with the Eurasian Giant need to have an alternative mechanism for payments. Some experts have suggested to identify an Indian bank in which Russia would deposit rubles, while India will deposit rupees. Russia would use all the rupees it gets from Indian importers to buy goods; Indian exporters would use the rubles to pay for imports from Russia.

This is especially crucial for India as sanctions on Russia have adverse effects on Indo-Russian trade. Amidst the uncertainties, there has been a substantial depreciation in the Rupee (Rs. 77/Dollar), making Indian imports more expensive. However, India’s non-weapon non-oil trade with Russia is miniscule, and so the effect would be minimal.

None-the-less, the exclusion of Russia from SWIFT as part of sanctions meant that millions of dollars in payments for Indian tea, steel, chemicals and pharmaceuticals have been held up. Tea exporters say that the necessity of rupee payment has come if the dollar payment has become impossible. This is significant when considering that India is the largest exporter of tea to Russia, amounting to 43-45 million kilograms.

The rupee-ruble trade mechanism will likely open an alternative channel for the Global South to continue trading with Russia. This would be possible because many Russian banks are already present in India. Large Russian banks with a presence in India include VTB, Sberbank and Gazprombank. Russia’s state-owned development bank VEB is also engaged in such trade.

VEB and the Reserve Bank of India are in the process of finalising an alternative transaction platform to facilitate bilateral trade. Apart from facilitating India-Russia bilateral trade, the Rupee-Ruble platform might facilitate the Global South’s alternative financial transactions with Russia.

Increasing economic sanctions have created problems in other currency zones as well, particularly Iran, demonstrating why many countries are entering into currency swap deals to continue trading without depending on the dollar.

The post-World War western dominated financial architecture is a skewed global financial system. In view of this, the Rupee-Ruble mechanism may open an era of trade without dollars. The global financial system should not be leveraged as a weapon of war by any group of countries, otherwise it would lose trust.

The biggest problem for developing countries arises from the fact that Russia exports significant quantities of grains and has imposed a halt on grain shipments to its neighbours in the Eurasian Economic Union until the end of August. This is to “maintain stability on the Russian market”. The two largest buyers of wheat from Russia, Egypt and Turkey, have seen disruptions in supply due to closure of Black Sea ports as the war in Ukraine rages on. As Russia and Ukraine supply one-third of the total global supplies of wheat, the disruption in supply has pushed prices up.

What the West has not considered though is that the problem might be complicated further due to Russia’s exclusion from the SWIFT mechanism. In such cases, Rupee-Ruble trade will be another step towards the de-dollarization of the global economy as countries seek safety from potential sanctions and economic attacks from the West. As the Global South suffers from a war being waged in far off eastern Europe, it is inevitable that they will explore an alternative payment system as they do not want to lose their economic relations with Russia and will use the Indian model as a guiding principle.

Paul Antonopoulos is an independent geopolitical analyst.

April 13, 2022 Posted by | Economics | , | 1 Comment