The Ukraine war – Russia finally retaliates.

Over the years, I’ve met and became friends with more than a few Russians. Once you really take on board their habitual and well-justified suspicion of westerners and all things western, then as a people they have a lot of personal qualities I find quite admirable. That’s not a common attitude but then again I’ve never even been placed in the Mr.Popularity steeple chases of life. I don’t think I’d be far off target in thinking the current orchestrated hate campaign being conducted against them by the west at the moment is just par for the course as far as they’re concerned. It’s water off a duck’s back.

Big hate, like big love, blinds you completely, especially if you don’t do your research. A few minutes finding out some basic facts about Russia are quite revealing. They’re a nuclear power with somewhere in the region of 6,000 nuclear bombs we know of, they’re completely self-sufficient when it comes to energy and have absolutely no need to import food because it has more than enough of both of the latter to export the excess to western Europe, which they do or rather did and in vast quantities.

With today’s wonderful globalised trade situation, that complete self-sufficiency in both energy and food is probably unique. Given that situation, you have to ask yourself what sanctions were ever supposed to achieve? When they’ve got vast amounts of energy and food, what the hell else can you sanction that they really won’t notice? The answer to that question is basically nothing. Yes, you can pull your business out of Russia amidst great fanfare but let’s face it, they can somehow limp along in Moscow without an occasional Big Mac and fries which the ordinary Russians consider to be a shit excuse for food anyway.

One thing you can do is steal their money which happened to be parked in your financial system. This has already been done with the biggest bank heist in history being the Russian central bank’s 300 billion in USD that was frozen. In passing, that money is now referred to as being sequestered rather than frozen. For those of you a mite slow on the uptake, that slight change in semantics means stolen rather than frozen. It’s just an intuition, but I’ve a feeling that Russia will get every penny of that back plus interest a few years down the line before they agree to any peace overtures from the West.

In the latest round of increasingly petty sanctions, the EU has just sanctioned the patriarch of the Russia Orthodox church. If anything was guaranteed to harden Russian attitudes to the West, that was the move to make. I cannot believe the sheer stupidity of it. Some friends of mine who come from points east of Berlin really object to their birth countries being referred to as eastern European – we’re central European they insist, but after this mess, my feeling is that they’ll be thinking of themselves as eastern block countries.

They’re the one who have lots of stuff that we actually need and in some cases are absolutely dependent on. Take Albania (please), which for example gets 90% of its natural gas from Russia and has joined the EU charge over a cliff to ban imports of Russian gas and oil without any viable idea of how to replace them. It’s madness of course but a signal was sent by Putin last month. What Russia terms unfriendly countries would in future have to pay for natural gas in rubles. By various devious methods, they’ve all complied but note that condition only applied to Russia’s exports of natural gas.

What is extraordinary and doesn’t appear to have attracted any comment is that apart from that signal, Russia has not retaliated in any significant way to a proxy war by America and the EU on both its economy and supplying weapons to kill its soldiers in the Ukraine. What Putin termed the economic “blitzkrieg” against Russia (he’s a fluent German speaker BTW) has failed abysmally. All currencies have weakened against the dollar and before this all broke out the exchange rate of the ruble to the dollar floated at about 100 rubles to 1 USD.

It now trades at 65 rubles to the dollar. It’s estimated that in the first quarter of this year alone Russian revenue from natural gas exports has more than doubled. Like they say in the stock market – the story is all in the price. It demonstrates the abject failure of the sanctions policy but obscures the fact that we’re the ones actually getting injured by the economic war. Some economic gurus are predicting a strong possibility of the West going into recession. Newsflash gurus, we’re already in one, inflation is running at 8% (why do I not believe that number), the cost of living has shot up and the fed has just raised interest rates by 50 basis points. Too little and much too late.

You may have noticed the bottom fell out of most stock markets this week and perhaps wondered why. The NASDAQ index has just had its worst month since the financial meltdown of 2008. The answer to that question is quite simple. In what’s possibly the most under reported piece of news this year, Putin signed a decree that retaliates against what he terms unfriendly nations that are applying sanctions against Russia. It bans sales or exports by any government or government entities exporting anything to unfriendly countries. We’re talking natural gas, oil, wheat, grain, fertilisers and any raw materials. The whole shebang, not just natural gas but everything.

I’ve yet to determine at what date this directive swings into action, but its effect on western Europe will be economically catastrophic. All that boasting by the EU and various countries about slowly weaning themselves off Russian resources has had the obvious effect you’d expect when you brag to your enemy exactly what you’re going to do against them. Why wait for them to slowly weaken you when you can suddenly pull the complete rug out from underneath them next Tuesday?

The Russians will always have ready and eager markets for their vast natural resources and we’ve just been excluded from any access. Enjoy the spring and summer but as always, General Winter is on Russia’s side and come August, he’ll swing into action while most of western Europe will be figuring out how to pay their heating bill and handle various food shortages.

©Pointman

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Comments
12 Responses to “The Ukraine war – Russia finally retaliates.”
  1. Richard Ilfeld says:

    The triumph of ideology and/or cronyism over reality that has characterized domestic policy also characterizes foreign policy, in the US and Western Europe. These Lemmings just can’t seem to get over the cliff fast enough.

    Like

  2. hilton33 says:

    Big hate, like big love, blinds you, completely. I have experienced big love. But I’ve never experienced hate, that turned me into a frothing at the mouth, spittle flecked lunatic.

    Like

  3. Graeme No.3 says:

    Already Hungary has refused to toe the line to the Brussels bureaucracy (and Macron). Also Slovakia has asked to be allowed to still import Russian gas (temporarily of course) rather than destroy their economy. (I read that German automobiles might stop flowing off their production lines there – an “unintended consequence”?). Others may have second thoughts too.
    As you say, come winter there will be either a change of direction in Europe or a change in many governments.

    Liked by 2 people

    • GlenM says:

      Continuous Russia hating by the usual types who gave you WMD’s. This will end big time if some people don’t pull their heads in.

      Liked by 1 person

  4. philjourdan says:

    Stupid is as Stupid does. Biden is a moron, and so he hired morons to run the government. They have no original thought in any of them! So they go by the playbook. And as you point out, it fails them. Why? Because Putin has read the same damn book! He is playing chess, and the west is playing checkers!

    There is little hope for the west now. They have decided to commit hara-kiri.

    Liked by 1 person

  5. another ian says:

    Hi Pointy

    An alternative explanation for some recent happenings

    https://michaelsmithnews.typepad.com/.a/6a0177444b0c2e970d02942fa9da69200c-800wi

    Liked by 1 person

  6. GlenM says:

    Military campaigning usually occurs during the Spring and Summer periods. That said it alludes mainly to mobile warfare – you don’t get far in the Rasputitsa during the rainy months in the lead up to Winter.. Meanwhile, Russia gets some real time military exercises, something that all armies require in order to be properly operational.

    Like

  7. hunterson7 says:

    Wondering if my last comment failed to post. As corrupt as the WEF infected West is, it would be less than productive to conclude Putin is a good guy. He was a late KGB aparatchik, is stone cold corrupt, is more suppressive for decades than the West. This is an avoiable war that both sides are stumbling into a major escalation.
    As to Russia’s big offensive, they are not executing very well: https://youtu.be/pI3aYCK_rfE
    Watching democrat party reactionaries scream for war to distract from Biden’s money scam is disgusting. Watching Putin destroy his country and Ukraine is disgusting.

    Like

    • Helge says:

      You have not realized the main thing – in our modern world, as in the old Hollywood westerns, all cowboys now have black hats, there are no heroes in white hats who save blue-eyed chubby blondes. And you, like everyone else, are just brushwood for stoking the fire of global depopulation. Russians are not angels, but Americans are clearly idiots. No offense.

      Like

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