From Energy War to Currency War: America’s Attack on the Russian Ruble
Mahdi Darius Nazemroaya wrote:
A multi-spectrum war is being waged against Moscow by Washington. If there are any doubts about this, they should be put to rest. Geopolitics, science and technology, speculation, financial markets [including currency warfare], information streams, large business conglomerates, intelligentsia, mass communication, social media, the internet, popular culture, news networks, international institutions, sanctions, audiences, public opinion, nationalism, different governmental bodies and agencies, identity politics, proxy wars, diplomacy, countervailing international alliances, major business agreements, non-governmental organizations (NGOs), human rights, prestige, military personnel, capital, and psychological tactics are all involved in this multi-spectrum war. On a daily basis this struggle can be seen playing out on the airwaves, in the war theaters in Ukraine and the Middle East, through the statements and accusations of diplomats, and in the economic sphere.
The article is a good, short summary of this multi-spectrum US-sponsored war against Russia. It's important, I think to note: "If the crisis in Ukraine did not happen, another pretext would have been found for assaulting Russia." Nazemroaya notes importantly ...
1. Rather than a second Cold War, or a post-Cold War cold war, this war is simply a continuation of a war that never really came to an end. "The mentality of the Cold War never died in the Washington Beltway." After the fall of the Soviet Union, the aim changed to a dismembered Russia and a aggressive NATO expansion right to Russian borders;
1b. The aim is not simply for Russia to change foreign policy but at regime change. Maps of a divided Russia are already being distributed by Radio "Free" Europe. Let us also remember that even US functionary Madeline Albright made reference to the "unfair" territory and resources that Russia was endowed with. Literally, the thinking is, "Give us Siberia or we will nuke you."
2. "Petro-politics have been a major feature of this multi-spectrum war too. Not only have energy prices been a factor in this struggle, but so are financial markets and national currencies." In so doing, the aime was to create a "double whammy" of market manipulation combined with massive price drops in key energy commodities.
3. Key neo-conservatives made clear their aims here, for example, with public statements last May 2014 [from US Assistant-Secretary of State Victoria Nuland — the wife of the Project for the New American Century (PNAC) co-founder and neo-conservative advocate for empire Robert Kagan — and US Assistant-Secretary of the Treasury Daniel Glaser] "that the objectives of the US economic sanctions strategy against the Russian Federation was not only to damage the trade ties and business between Russia and the EU, but to also bring about economic instability in Russia and to create currency instability and inflation."
4. The Kremlin has not, however, been goaded into senseless burning their enormous currency reserves but instead chose other methods, including increasing interest rates while providing financial assistance in the form of lending resources, using reserve funds instead for diversification of the national economy and strengthening of the social and public sectors, strategic investments in so-called human capital in Russia (all sorts of wages have been raised rather than the neo-conservative austerity of reducing wages), etc.. There are also other ways to respond to what is called "economic terrorism" by what Argentina has provided an example of: default and refusal of payment to sidestep vulture funds in NYC.
5. The abandonment of South Stream and closer economic ties with Turkey - announced by Russian President Putin while in Ankara in a master stroke - in the form of the new "Turk Stream" has effectively detonated tendencies to blow apart the fragile EU front. A final shot to the head of the EU was Putin's public statement about compensation for the Bulgarians for the lost South Stream. Turk Stream will also likely see improved Turkish-Iranian relations and the possibility of joint political efforts to resolve the Syrian conflict.
6. Russia's long term plans of pivoting to the Asia-Pacific region is now bearing considerable fruit, for example with the Sino-Russian mega gas deal and other Russian projects in east Asia.
7. Key Kremlin advisor Sergei Glaziev has spoken of a "«systemic and comprehensive» response «aimed at exposing and ending US political domination, and, most importantly, at undermining US military-political power based on the printing of dollars as a global currency». His solution includes the creation of «a coalition of sound forces advocating stability — in essence, a global anti-war coalition with a positive plan for rearranging the international financial and economic architecture on the principles of mutual benefit, fairness, and respect for national sovereignty». "
The Eurasian century is at hand. The American century is over.