Paul Craig Roberts
Begin by reading Michael Hudson’s explanation that the sanctions actually fall on Germany and serve the interests of the three interest groups who rule in Washington. https://www.unz.com/mhudson/america-defeats-germany-for-the-third-time-in-a-century/ The sanctions do far more to serve Washington’s interest than to hurt Russia’s. For Russia the main burden of the sanctions is the insult.
Either a terrible crash, or a humongous bailout is around the corner. Liquidity in the markets is lower than it was in March 2020, when the S&P tanked 30%.The Petrodollar is in its death throes, the SWIFT sanctions of Russia will hurt the Dollar more than the Russian Empire, and it’s looking like the current Ukraine Crisis has been created to sell the coming crash, just as the Lockdown and ‘covid’ served primarily to sell the crash cum bailout and money printing in March 2020.
G3P 3 p’s = Public Private Partnership.
A truly global network of corporations, think-tanks, private foundations, intergovernmental organisations, NGOs and governments work in partnership to convert global policy agendas into policy and legislation at the national and local government level. This is the Global Public-Private Partnership (G3P) and its reach extends to every nation
Peak Oil ?
Peak American Exceptionalism “Peak NATO”?
The two bounded orders, which are beginning to form, will include institutions that aim to foster economic cooperation among their members while seeking to gain an economic advantage over the rival order. The Obama administration, for example, explicitly designed the Trans-Pacific Partnership for this purpose, although Trump withdrew from it after he became president. China’s highly ambitious “One Belt, One Road” initiative, which was launched in 2013, is designed not just to help China sustain its impressive economic growth, but also to project Chinese military and political power around the globe. And because the United States refused to join the Asian Infrastructure Development Bank, that impressive institution is likely to become a central part of the China-led bounded order.
In short, the rivalry between the China-led and U.S.-led bounded orders will
involve both full-throated economic and military competition, as was the case
with the bounded orders dominated by Moscow and Washington during the Cold War
On the other hand, there is the question of a renewed round of
global class struggle within the world-wide division of labor as a whole,
not just within the energy sector.
The point I want to stress is that the “Peak Oil” hypothesis is
now becoming an early 21st century justification for an
attack on pensions, wages and workers’ guarantees in the
so-called advanced capitalist countries… The permanently
increased energy costs presaged by the “Peak Oil”
hypothesis are now a convenient way for capitalists to
invoke the need for “austerity” (for their workers) long
before the actual exhaustion of oil… is on the horizon. Thus,
this hypothesis is an even more pernicious tool in class
struggle than the energy limitation ideology of the 1970s…
The hidden assumption…is that increased energy prices (for
corporations) inevitably require a reduction of the wage rate
instead of a reduction of the profit rate. In other words, Peak
Oil politics assumes that the working class will finance the
transition from cheap to expensive oil come what may.
Given the present configuration of class forces in the US, this
assumption is perhaps a good bet, but it is a far from
Peak “Full Tonto”