Skip to main content

BRICS under attack: Western banks, governments launch full-spectrum assault on Russia

Russia is the target of a multi-faceted, asymmetric campaign of destabilization that has employed economic, political, and psychological forms of warfare -- each of which has been specifically designed to inflict maximum damage on the Kremlin.


PART 3 - Sanctions: The other economic weapon

The overall impact of Western sanctions against Russia is a hotly debated subject. Russian media tends to downplay the overall impact of the sanctions, while the Western media paints a picture of imminent collapse. Notably, Paul Krugman, the leading liberal doomsayer, prognosticated in The New York Times in 2014 that “Putin’s Bubble Bursts,” warning that Russia was headed for economic meltdown thanks to the courageous sanctions regime imposed by the fearless leader President Barack Obama.

In reality, the sanctions had little immediate, direct impact on the Russian economy, but the indirect bruising might be significant, particularly over the medium- and long-term. Last year, the International Monetary Fund issued a report, noting:

IMF estimates suggest that sanctions and counter sanctions might have initially reduced real GDP by 1 to 1½ percent. Prolonged sanctions may compound already declining productivity growth. The cumulative output loss could amount to 9 percent of GDP over the medium term. However, the report’s authors underline that these model-driven results are subject to significant uncertainty.

But, looking beyond the raw numbers, one must realize that the policy prescriptions outlined by the IMF and leading economists internationally are perhaps the actual target for the West.

The IMF recommended “reforming the pension system” (read: reduce pensions), reducing energy subsidies, reducing tax exemptions, and other measures, while also suggesting that education, health care, and public investment be safeguarded. However, the subtext of the recommendations is that austerity, which by its very definition starves public programs of much needed funding, is the way to go for Russia.

There are likely strategic planners in Washington who recognize that the political subversion model employed in Brazil and South Africa simply won’t work in Russia. If nothing else, the failed “White Revolution” protests of late 2011 led by Russian liberals and various pro-Western political forces, demonstrated unequivocally that the Russian state was prepared to prevent precisely this sort of outcome.

And so it seems that those who play on what former National Security Advisor Zbigniew Brzezinski famously called “The Grand Chessboard,” have made their moves in an attempt to corner Russia economically. Whether that strategy has been, or will be, effective likely depends on perspective. While it alone will not bring about the Western pipe dream of regime change in Russia, the Empire’s elites are banking on the collective assault on Russia and the BRICS broadly to do what political subversion alone could not.

Source:


Globalization and the introduction of a market economy has not produced the promised results in Russia and most of the other economies making the transition from communism to the market. These countries were told by the West that the new economic system would bring them unprecedented prosperity. Instead, it brought unprecedented poverty: in many respects, for most of the people, the market economy proved even worse than their Communist leaders had predicted. The contrast between Russia's transition, as engineered by the international economic institutions, and that of China, designed by itself, could not be greater: While in 1990 China's gross domestic product (GDP) was 60 percent that of Russia, by the end of the decade the numbers had been reversed. While Russia saw an unprecedented increase in poverty, China saw an unprecedented decrease.

[...]

The radical reform strategy did not work: gross domestic product in post-1989 Russia fell, year after year. What had been envisioned as a short transition recession turned into one of a decade or more. The bottom seemed never in sight. The devastation-the loss in GDP was greater than Russia had suffered in World War II. In the period 1940-46 the Soviet Union industrial production fell 24 percent. In the period 1990--99, Russian industrial production fell by almost 60 percent-even greater than the fall in GDP (54%).


What we see in Ukraine is probably another failure of various think tanks, mostly from Washington, which they are funded, of course, by the international capital. It seems that, apart from the fact that they have underestimated Putin's abilities, they have also wrongly estimated that Russia had passed permanently in the neoliberal phase and would be ready to become an easy victim to promote their plans. According to these plans, the ultimate goal would be probably to dissolve the vast Russian territory in future and bring in power Western-friendly puppet regimes, in order not only to conquer the valuable resources, but also to impose permanently the neoliberal doctrine on "unexplored" regions and populations.


Read also:



[1][2]

Comments

Popular posts from this blog

Operation Mindfuck: The origins of the Illuminati conspiracy fraud and how it became popular in our times

From the new documentary Can 't Get You Out of My Head by Adam Curtis   globinfo freexchange   The first settlers had come from Europe to America to flee from the corruption of power in the Old World. But although they had got away from the old power, they hadn't got away from their suspicious minds, and alone, out in the vast wilderness of the new America, that led them to imagining dark, hidden conspiracies in their own government, far away in Washington.    One of the first of these, in the early 19th century, said that a secret group from Europe, called the Bavarian Illuminati, were running a giant conspiracy in America to destroy the new democracy. In reality, the Illuminati had been a utopian movement who wanted to replace religion with reason. But instead, they now became the first of a series of frightening suspicions that fed off the isolation of the settlers in the New World.    One night (in 1958, somewhere in the vicinity of Whittier, Califo...

Russia & China Now OPENLY Backing Iran!

The Jimmy Dore Show    

Trump Talks COLLAPSE SPECTACULARLY As Iran REFUSES DEMANDS & HUMILIATES HIM Again & Again!!

Secular Talk    

US Warships Under Fire: Iran Hits Back & Blasts UAE

MintPress News  "PROJECT FREEDOM." Trump calls it humanitarian aid. We call it what he already admitted it is: piracy. On Friday, Trump boasted that US forces seizing Iranian ships and oil were "sort of like pirates, but we are not playing games."  By Sunday, he had rebranded the blockade as "Project Freedom"—a military escort operation to guide ships through the Strait of Hormuz. Today, that operation went live: 15,000 US troops, guided-missile destroyers, and over 100 aircraft are enforcing American "freedom" at gunpoint. Let's be clear: Washington didn't enter the Strait to defend commerce. It entered to monopolize commerce—to maintain imperial control over the world's oil arteries and strangle Iran's economy.  Iran knows this. That's why closing the Strait and establishing its own transit protocols remains its strongest card in the fight for self-determination. When Trump confessed to piracy, he wasn't joking. He was c...

How 'Liberal' Media Sold You Mass Murder & Genocide

Secular Talk    

Iranian Women Resist Invasion, Hospitals Targeted & Petrodollar Collapse

MintPress News   MintPress News founder Mnar Adley, this essential interview with University of Tehran professor Dr. Setareh Sadeghi reveals the devastating reality of US-Israeli aggression against Iran that corporate media refuses to report. With over 307 medical facilities destroyed in one month, schools bombed, and universities targeted, Iran faces what officials describe as a genocidal campaign. Dr. Sadeghi exposes: • How BBC journalists calling for Iran to be "nuked" are tied to CIA-backed regime change networks • Why Iranian women are leading mass rallies in defense of their nation—not against it • The collapse of Western propaganda as independent Iranian creators go viral worldwide • How Iran's regulation of the Strait of Hormuz is accelerating the petrodollar's decline • UAE's covert complicity in war crimes while positioning itself as a neutral party • Why Russia and China are aligning with Iran against unipolar imperial domination As Trump threatens to ...

How Western societies lost their faith in Vision

Why people don't rise up massively today? Why there are no real revolutions? How we tolerate all things that have been imposed to us? These questions come up in people's minds more and more often today in Greece and abroad, due to the economic crisis. Some theories are circulated as an answer, among these, explanations which include, for example, the psychosynthesis of modern Greeks, but the truth is that there is something more fundamental behind this passive behaviour and concerns not only Greece, but the entire Western world. by system failure Prior to the beginning of the 20th century, Friedrich Nietzsche declares God's death and Western world will put all its hopes in science. Laplace's Determinism leads to the almighty man, who through science, can find all the answers for the world. Technology, which naturally comes from scientific discoveries, promises prosperity and a better life for the majority. Science becomes the central "pylon...

Stephen Hawking confirms: The problem is Capitalism, not robots!

globinfo freexchange According to world famous physicist Stephen Hawking, the rising use of automated machines may mean the end of human rights – not just jobs. But he’s not talking about robots with artificial intelligence taking over the world, he’s talking about the current capitalist political system and its major players. On Reddit, Hawking said that the economic gap between the rich and the poor will continue to grow as more jobs are automated by machines, and the owners of said machines hoard them to create more wealth for themselves. The insatiable thirst for capitalist accumulation bestowed upon humans by years of lies and terrible economic policy has affected technology in such a way that one of its major goals has become to replace human jobs. If we do not take this warning seriously, we may face unfathomable corporate domination. If we let the same people who buy and sell our political system and resources maintain control of automated technology, the...

The West's hypocrisy has been exposed: This is how

Geopolitical Economy Report   Donald Trump's attacks on longtime US "allies" have forced Western leaders to admit their warmongering foreign policy was hypocritical. Canada's Prime Minister Mark Carney said the truth in his speech at the World Economic Forum in Davos: the "rules-based order" was "false". Ben Norton explains how the global balance of power is shifting.

Greeks BLOCK Israelis From Entering Their Country

Revolutionary Change   In a continuing worldwide trend, Greeks are now attempting to block Israelis from entering their country amid them attempting to flee the consequences of their actions. Peter Hager delves into this recent trend.