US monetary control of the world will collapse if Russia resists Washington’s sanctions and survives with Chinese support during the course of the war with Ukraine, a leading historian has warned.
In an interview with Le Figaro on Friday, French historian and anthropologist Emmanuel Todd said, “If the Russian economy offers long-term resistance to sanctions and manages to bleed the European economy white and manages to survive with Chinese support, US monetary control of the world will collapse and with it, the US’ ability to finance its mammoth trade deficit for next to nothing.”
Todd stressed that the US and its European allies are involved in the war and cannot get out of it before Moscow.
“This war has become existential for the United States. It cannot get out of the conflict before Russia. They cannot let go. This explains why we are now in an open-ended war, in a confrontation that is bound to result in the collapse of one side or the other,” Todd added.
He also recalled a piece of analysis offered by Professor John Mearsheimer, a leading politician at the University of Chicago, who argued that whereas for Russia this conflict was “existential,” for the US it was just another game among other countries, and that victory or defeat in it would be of little importance to the US.
“But this analysis is insufficient. Biden now has to hurry. America is fragile and the Russian economy’s resistance is pushing the US imperial system toward the abyss. Nobody had expected the Russian economy would be able to withstand the ‘economic power’ of NATO,” Todd said, referring to Mearsheimer’s analysis.
He is convinced that the United States is in a long-term drawdown and, given its declining influence in the world, wants to push for more influence in its “main bulwarks” acquired after World War II, namely Europe and Japan.
Meanwhile, Todd went on to say that the collapse of the European economy poses many risks for the United States itself.
The expert further emphasized that the war in Ukraine “leads to a real economy that allows for gauging the real wealth of states and their productive capacity.”
He also mentioned the doubling of Russian wheat production after the imposition of the first major sanctions in 2014, as well as Russia’s leading position in the construction of nuclear power plants not only domestically but also abroad.
Todd believes that a military conflict’s outcome depends on both sides’ ability to produce weapons. The historian also notes that engaging in a war of attrition would reduce the influence of advanced US military technologies used by Ukraine
He further emphasized that “we have transferred so many industries that now we don’t know if our military factories are able to maintain their desired production speed or not.”
Russia launched the war on Ukraine in late February, following Kiev’s failure to implement the terms of the 2014 Minsk agreements and Moscow’s recognition of the breakaway regions of Donetsk and Luhansk.
Since then, the US and its European allies have imposed unprecedented waves of economic sanctions against Moscow while supplying large rafts of heavy weaponry to Kiev. Moscow has been critical of the weapons supplies to Kiev, warning that they will prolong the war.
https://www.presstv.ir/Detail/2023/01/13/696259/Russia-sanctions-monetary-control-US-imperial-system-
China has suspended several 2025 export controls on strategic materials — including rare earths, superhard materials, and lithium batteries – for a year. Is this a concession to the US, or a move in a far more complex game?
"The first aim of China’s export controls was to consolidate its leverage in negotiations. The second was to establish a long-term framework for managing such controls," says Yana Leksyutina, deputy director at the Institute of China and Contemporary Asia, Russian Academy of Sciences (RAS).
Сhina could activate this mechanism at any moment, and now everyone knows it’s a lever it holds, she explains to Sputnik.
Balancing the Mineral Market
"The moratorium on export bans to the US essentially resets the rare earth market to where it was previously," Jeff J. Brown, author of 'The China Trilogy' and founder of Seek Truth From Facts Foundation, tells Sputnik.
In the meantime, there will be a global rush by the US and its NATO allies to acquire as many rare earth ...
WASHINGTON (Sputnik) – The impact of the ongoing federal shutdown on the US economy is far worse than expected because it is lasting much longer than anticipated, White House National Economic Council Director Kevin Hassett said on Friday.
"The impact on the economy is far worse than we expected, because it's gone on for so long," Hassett told Fox Business. "I think we were thinking that we could have at least 3% [GDP] growth in the fourth quarter. I think now we're expecting something like half that because of the harm [caused] by the Democrats' policy.".......more here
https://sputnikglobe.com/20251107/federal-shutdown-hitting-us-economy-harder-than-expected--white-house-1123074810.html
Dozens of Palestinians, foreign activists, and journalists have been wounded as Israeli army-backed settlers carried out coordinated assaults across the occupied West Bank.
The attacks took place on Saturday, with the biggest number of the casualties, namely 17 people, being caused after settlers raided the outskirts of the Abu Falah village, northeast of the city of Ramallah, the Palestinian Wafa news agency reported. Those injured included foreign activists.
According to the agency, settlers also torched a home, while Israeli forces attacked the area, targeting the residents, who had gathered near the scene. The latter incident, though, did not lead to any casualties.
In another wave of violence, settlers launched attacks on Palestinian farmers, journalists, and foreign activists participating in the annual olive harvest across several towns, leaving many with fractures and bruises.
The attacks were most severe in Beita, south of Nablus, where settlers descended from nearby outposts and ambushed ...
