Comments by "John Adam" (@johnadam2885) on "CNBC International Live"
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Goodness, this is only summer. What will be the situation in winter ?
The EU wanted to hasten the reduction of Russian gas. Russia is helping them on the way.
Why do they interview the PMs of less useful countries like Sweden and Latvia ?
Sweden's priority was to join NATO and be an unfriendly country to Russia. Now the Swedish PM says 'we are in a difficult situation'. I thought it was Russians who were in a difficult situation.
So she has realised putting money in citizens' pockets will not solve the problem of inflation. The problem is shortage of goods - which comes from shortage of energy.
NATO expansion has backfired, even for the US. But the west has to continue defending their surrogate Ukraine, out of false pride. Due to that false pride, they want to expand the war to Lithuania - which is even dumber. The 'European family' which they are so proud of, is empty headed. They cut their noses to spite their faces. And they are like lemmings, committing suicide jointly because they are a family !
In all this, the west did not realise that Russia is equally capable as the west of economic warfare. The west could sanction Iran or Afghanistan, but it does not work with Russia. The Europeans set out to make sure Russia will not have money to wage war. But it looks like Europe will not have money to wage NATO expansion.
And Ukraine should start realising that Europe is not in a position to continue subsidising their war, and pretty soon, all the European talk of stopping Putin from winning will not work. Ukraine will be a forgotten casualty. It would be better off outside the EU and NATO.
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@yanntsala414 It is implicit I meant former colonies. I wrote 'Before, they could get materials and energy cheaply from their colonies...'
Before means 'formerly'.
The west left rulers dependent on colonial power structures. Thus, till King Faisal raised the oil prices and demanded a fair share after the Arab-Israeli war, the west was enjoying oil at a price less than water. After Faisal raised the prices, there was a transfer of goods and services to Middle East, and some of them were able to build cities and infra structure. King Faisal was assasinated soon afterwards, and no doubt there was an American hand. However, what Faisal set in motion could not be undone.
The colonial power structures have remained to an extended time with the French colonies. France makes electricity with nuclear. The uranium comes from Niger - which has low electrification. France never bothered to see Niger had electricity, they just take the resources out.
Europe does not have much energy and materials. Nazi Germany did not have colonies, it invaded the Soviet Union and one reason was to capture the oil fields of Baku. They needed lebensenergie even more than lebensraum. That is the situation now also. Russia is the nearest supplier of energy for Europe, and it would have been a natural win-win situation for both - it was for the last 30 years. But America did not want that, as a Euroasian economy (Europe, Russia, China and India) would leave America in the cold. America is determined on NATO expansion so Russia is forced to fight Europe, which then keeps Europe in the American camp. Europe now is forced to buy American LNG - which costs 7x piped gas.
Even the former colonial powers of Europe, France and Britain, are nobody today. In Europe, Russia is the real superpower - it always had the military strength, and it has proved now it has the economic strength. Like King Faisal transformed the economic wealth distribution by raising the price of oil, Putin has set in motion steps that further undercut western dominance. This is in initiating the move away from the dollar, that is creating avenues for other nations to trade between themselves and sell or purchase oil and commodities, without using the dollar for settlements. Putin did not set out to undermine the dollar, he was forced to do it due to sanctions - like King Faisal raised the price of oil as a protest against western support of Israel. Use of other currencies reduces the demand and hence value of the dollar and with that the American war machine's capacity. The Europeans are satellites of America, including Britain, France and Germany, so as American power diminishes, the Europeans go down with it. Particularly so if they fight with Russia.
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@yanntsala414 It is good to hear an insight directly from Africa. If you hear western reports and Zelensky, Russia is making the Africans suffer. Russia is using hunger as a tool, the west claims. They shout Russia is blackmailing the Africans, and the world.....
The Europeans went to sanction Russia by freezing their money, and Russia counter sanctioned them. Others know where the blame lies. The west went to threaten Russia with NATO expansion, when Russia asked for a security guarantee in writing, they were too proud to give.
They never cared a damn about Africa. The west looks down on Africa (remember Trump's comment). The Arabs and Muslim world also is not willing to go with the west - they have seen western duplicity in Iraq and Afghanistan.
The real reason the west is shouting now about the blockade is not because of concern for Africans, it is because of the deficit Ukraine is piling up which needs to be funded by the EU. The Ukranian govt.has lost its industrial areas and with it the revenues generated from that region. They are left with agricultural products like wheat. That is produced but blockaded. The Ukranian govt. needs $ 5-7 billion per month for bare essentials. With wheat also blocked, there is no revenue, and it means the EU has to give more aid to Ukraine - besides paying for the arms, and hosting the refugees. The EU boasted they could wean themselves off Russian gas by end of the year, but the reality is the EU itself is facing the pinch due to the gas blockade. In Germany, they are rationing the electricity - domestic is given priority over industrial. Industry is paying 10x as much as domestic. It is peak summer now, so you can imagine in winter.
The only thing the west has that is admirable is it looks after its citizens. However, when it comes to the rest of the world, they are ruthless and callous. They will invade and kill but still lecture about their superior values; that is why they are hated outside. You hear them talking about western values and its implied superiority. Ursula von Leyen said Ukraine is part of the 'European family' and so should be let into their club. She did not say 'human family'. It is clear in her mind the European family is special.
Their power is slipping and you are right, they don't realise it. They got away with beating up Afghanistan and Iraq. The west always knew Russia has the military power and Europe will get beaten up if they went for war with Russia. However, they thought they could go for economic warfare with Russia because they had control of the international financial system. What has taken them aback is that Russia had the capacity for economic warfare (unlike the Soviet Union). The value of energy and materials is real, and higher than currency. The west could not bring Iran or even Afghanistan down with sanctions, but these countries could not retaliate. But with Russia, the west finds Russia can take them down economically as well.
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