Renowned author and journalist James Howard Kunstler (JHK) has been complaining and pointing out that the American public is told one lie after another by the Lying Legacy Media (LLM), the government and the medical community.
This kind of lying, according to JHK, is pure treason by all parties, from the 600 million CV19 bioweapon/vax injections, to the crumbling banking system, to the war in Ukraine. Let’s start with the genocide of the CV19vax. JHK says,
“They are pretending that they didn’t cause any damage, and they are ignoring their own assembled statistics, and they don’t want to paint a realistic picture for the American public to see what the consequences were for their vaccination program...
I don’t think they can suppress the reality of it that much longer. There are just too many people who know too many people who have been injured or killed by the vaccines. The basic problem is dishonesty puts you in a place of weakness, and the truth puts you in a position of strength. Eventually, if you are not being honest with yourself and the other people around you, you are going to be found out...
They have to keep doubling and tripling down on narratives that are manifestly untrue, and pretty soon I think people are going to be super pissed off about how all this went down.”
With the banking crisis, JHK says the lie that everything is under control is going to be exposed too. JHK says,
“When you are compelled to liquidate like Silicon Valley Bank, they are liquidating their assets below their supposed value and they become insolvent. I would imagine there is a great deal of damage waiting to express itself out there, and we haven’t seen much action in the derivatives racket so far, and that’s going to be a big deal when that happens because of the completely reckless contracts that are made...
It’s really a bad bet, and the people taking the bet can’t pay off the bet, and the whole thing is really a disaster waiting to happen.”
JHK says the so-called reset is going to happen, but not the way Klause Schwab wants it to happen.
All will go extremely local, and JHK says, “Social discourse will make it all much worse.”
The lies about Ukraine and the losing war started by NATO are summed up by JHK,
“In retrospect, we could see why Donald Trump would want to have a phone call with Zelensky over the Biden family activities in Ukraine...
The whole Ukraine portfolio is just a big bag of crap. . . . Because of those activities, there is a war against the people, and that includes a war against Donald Trump. They are trying every way possible to shove him off the playing field...
I think it is safe to say the U.S. government is not your friend.”
In closing, JHK says,
“This is an extremely socially and politically perverse period of history...
.I grew up in the hippie period... It was quite based compared to the baseless nuttery and lunacy that this country is involved in now. The fact that there has to be any debate about drag queen story hour for children is amazing... That’s okay? Deliberately, demonstrable male imitation of a female. That’s supposed to be good for kids and not scare them?
...There is a uniform craziness across the culture, and people are being asked to swallow increasingly absurd propositions. That’s where we are now. We are being asked to swallow absurd ideas one after another.”
There is much more in the 52-minute interview.
Join Greg Hunter as he goes One-on-One with author and journalist James Howard Kunstler.
The natural result of so much Western government malfeasance coupled with so much personal misery for ordinary Westerners is the rise of resistance movements that refuse to go away. If competent leaders were in charge, they would recognize that warning sirens are blaring. Instead, the West's leaders will no doubt double down.
Labor strikes and fiery riots dominate French news after King Macron's imperial decision to raise the nation's retirement age without any vote from parliament. In reaction to spiraling inflation, German transportation workers shut down the country on Monday in one of the largest European walkouts in decades. In the Netherlands, a new anti-globalist, pro-farmer political party fighting back against the World Economic Forum's climate change–obsessed "Great Reset" agenda just dominated Dutch elections. In "defiance of establishment elites," Italians chose Giorgia Meloni to free the nation from subjugation to Brussels and "defend God, country, and family." And as left-wing protesters in Israel threaten civil war, Prime Minister Netanyahu has been forced to temporarily suspend his efforts to reform the nation's powerful Judiciary, which operates largely free from competing checks and balances. Clearly, revolution is in the air.
If you thought incendiary political turmoil threatened to combust only in the United States these days, then you have missed the growing protest movements throughout the collective West. From belated pushback against government COVID tyranny in New Zealand and Australia to percolating hostility across the European continent stemming from the ruling class's "Build Back Better" pipe dreams, State-sanctioned illegal immigration, and costly "green" energy–induced inflation, there is a powder keg of popular resentment against governing authorities just one spark away from a history-altering explosion.
If one were to diagnose the source of this amalgamating revolutionary fervor as succinctly as possible, two words come to mind: government haughtiness. Western governments today have committed themselves to expanding centralized authority and global institutions, while dismissing individual nations' concerns and the public's cries to have their wants and needs be heard. Rather than recalling the lessons from two disastrous world wars that demonstrated, among other things, the dangerous consequences of glorifying empire at the expense of respecting personal freedoms, Western nations are galloping once again toward a renewed era of popular confrontation and rebellion.
Far from the delusions of dreamy internationalists and Big Government disciples who believe that "good intentions" and devotion to "public service" will generate policy decisions that cultivate "progress" for the "greater good," government agents will always act to protect and expand their own powers without regard for the deleterious effects those actions might have upon the people. Only when the risks of public blame and accountability outweigh the attraction of new power will government agents temper what otherwise is their constant pursuit of stealing liberties from the people for personal gain. Government bullies use fear to expand control, and they use control to keep the public in a constant state of fear.
Just look at the politically toxic scandals in the U.K. surrounding revelations that high-ranking officials routinely broke "COVID rules" to party and play among themselves. The scandal is not that government administrators pushed nonsensical and harmful mandates that destroyed lives and livelihoods; it is that they got caught proving that government agents are devoid of "good intentions" and care nothing for "public service." COVID mandates were a con for expanding illegitimate government control, but successfully reusing that con again and again depends upon official duplicity remaining hidden in the shadows. "Government, even in its best state," as Thomas Paine so wisely averred, "is but a necessary evil; in its worst state, an intolerable one." Western governments do not generally teach young students that invaluable truth anymore.
Perhaps most dangerous for Western stability is governments' absolute refusal to accept any accountability. Ordinary citizens did not empower central banks to print money and manipulate markets, so as to create a ticking financial time bomb that will almost certainly unleash the world's worst economic depression — governments did. Ordinary citizens did not spend taxpayer funds on biological weapons programs that may or may not have led to the release of COVID from a Chinese lab — governments did. Ordinary citizens did not choose to throw out common sense, the Scientific Method, and an elementary school–level understanding of medical ethics to impose draconian lockdowns, mass surveillance, and coerced experimental injections on a global scale before either the pathogenic disease or its reputed "vaccine" could be properly studied — governments did. Ordinary citizens did not choose to have their businesses shut down and livelihoods destroyed — governments did. Ordinary citizens did not choose to eviscerate Western economies in the name of "science" — governments did. Ordinary citizens did not choose the largest welfare and stimulus programs in world history, nor the unprecedented levels of inflation that were the obvious consequence — governments did. And ordinary citizens have certainly not chosen to have the World Economic Forum's Western acolytes scoop up farmland, ban hydrocarbon mining, and impose strict carbon limits that have logically unleashed runaway food and fuel prices, economic insecurity, and depleted savings — that self-defeating strategy was the brainchild of Klaus Schwab and his merry band of WEF arsonists. Yet from COVID to currency collapse, Western powers insist on escaping blame.
The natural result of so much Western government malfeasance coupled with so much personal misery for ordinary Westerners is the rise of resistance movements that refuse to go away. If competent leaders were in charge, they would recognize that warning sirens are blaring. Instead, the West's leaders will no doubt double down.
Mass movements for national self-determination preceded and followed both world wars, so it should come as no surprise that hundreds of millions of Westerners are once again pushing back against their governments, just as U.S.-NATO, Russian, and Chinese belligerence threaten to start a third. Sort of makes you stop and think about the history of the last century, does it not? Do global wars naturally arise during times of heightened national friction, or do national governments seeking to extinguish public uprisings find usefulness in starting world wars?
War in Ukraine has exacerbated a European energy crisis, spiked inflation, surged transnational migration, and set off new cultural clashes. U.S.-NATO's insistence on fighting a proxy war with Russia right up to its territorial borders has reignited the threat of nuclear conflagration. The decisions of the U.N., IMF, E.U., and Bank for International Settlements to use the legal and financial institutions of the U.S.'s precious "rules-based international order" as instruments for executing a hybrid war against Russia's economy have had a cascading boomerang effect across the globe as developing nations unwilling to be at the mercy of Western domination seek alternative alliances, market relationships, and financial networks. And while the CIA engages in information warfare to redirect blame for the industrial sabotage of the Nord Stream natural gas pipelines, connecting Russia and Germany, to Ukrainian explosives experts, it is almost universally accepted throughout the world that the Biden regime destroyed critical infrastructure owned not just by Russia, but also by Germany and other NATO allies.
Perhaps most troubling for Western governments, their choice to engage in tit-for-tat brinkmanship with Russia — while China speaks more brazenly about conquering Taiwan and Chinese economic influence grows across the Middle East, Africa, and South America — has left U.S.-NATO in the strategically vulnerable position of fighting two lethal foes at once. Abandoning — through negligence or hubris — a half-century of foreign policy directed toward keeping communist China and strongman Russia from ever joining forces, the West has instead taken one misstep after another these last two years to ensure that former adversaries become bonded allies for at least the next generation.
What ordinary Westerners really need is an alternative to China-Russia-WEF where they can decouple from tyrannical government control and forge a new path dedicated to personal liberty, private property, religious tolerance, free speech, free markets, limited regulation, and respect for families. Too many tired, beaten down Westerners now view those basic rights as out of reach. Powder kegs and sparks, however, have a tendency to change the direction of history.
The United States is observably well into the “decline” part of “decline and fall”. If you ever doubted my prediction that the US polity will collapse and break apart, do keep this astonishing statement by a high-ranking government official in mind:
A top official in Democrat President Joe Biden’s administration recently told Congress that “natural immunity is not something we believe in.”
Gil Cisneros, Biden’s undersecretary of defense for personnel and readiness, made the statement while arguing the case for vaccine mandates for members of the U.S. military. Cisneros made the claim shortly after a British study showed prior infection protects people as well as or better than vaccination.
The armed forces will instead continue to push service members to take the COVID-19 vaccine “and boosters,” Cisneros declared.
He continued by denying an inspector general’s report that officials reviewed Christians’ requests for religious exemptions only 12 minutes before dismissing them.
“We don’t know about natural immunity there, as far as how it works and how effective it is,” replied Cisneros after Rep. Jim Banks (R-IN) raised the U.K. study during the congressional hearing.
“There’s no good evidence and the research is still going on as to how we need to progress with this,” said Cisneros.
“But as for right now, natural immunity is not something we believe in for this, and so we are still moving forward.”
This isn’t “trust the science” anymore. It’s “trust the retards who don’t know the first thing about science”. I knew Clown World was fake, evil, and gay, but I had no idea it was so deeply and utterly retarded.
I once said Americans would be fortunate to preserve indoor plumbing. But it’s increasingly clear that we’re not going to be that lucky. The plumbing, it is most certainly toast.
Forget the History subscription. We may need to introduce a Basic Survival and Technology subscription.
[We have posted the following video in previous articles but have yet to comment on it — so that is what we will do here.]
This video — titled, “The Jews: The Not So Chosen People” — apparently made by a Jew who isn’t going along with his fellow Jews — and challenges their claim to “chosen-ness” by citing direct proof from the Bible.
And one interesting aspect of this video is that he is not anti-Christian — in fact, he shows that Christ’s prophecy about the fate of the Jews in Judea was correct.
Not only that, he even suggests that the “lost” ten northern tribes of Israel migrated up into Europe — a fact that most Jews will mock and deride — smearing it as an “antisemitic” conspiracy theory.
It is remarkable how simple the proof is that Jews are not — and cannot be — God’s Chosen People™ — and even more remarkable is that the vast majority of Christians simply take the Jews’ word for it without question — clearly demonstrating that they do not read their Bibles — and if they do, they most certainly do not understand even this most simple concept.
The only significant issue that we would disagree with in the video is that the narrator seems to suggest that today’s Jews are, in fact, legitimate descendants of the Israelite “Jews” — or Judah — of the Old and New Testaments — they most certainly are not — but that’s a different issue entirely — and one we’ve addressed in countless previous articles.
The “Jews” that this video addresses are the legitimate Israelite tribe of Judah — not the so-called “Jews” of today.
We’ve embedded the video here — and below the video, we’ve made a transcript of the narration, which will allow you analyze it more carefully — and read the comments we’ve added to clarify some of the points.
Transcript:
“The Jews: The Not So Chosen People”
It’s a pretty known “fact” that the Jews are “God’s Chosen People” — and the Jewish “homeland” is Israel — and the Jews “believe in” the Old Testament — and that the Old Testament is “about Jews.”
However, almost none of these facts are true — nowhere in the Bible does it call Jews “God’s Chosen People.” Modern day Israel isn’t really the homeland of the Jews. The Jews don’t really believe in the Old Testament. And maybe only 5% of the people in the Old Testament can even be considered “Jewish.”
So now that you’ve branded me an “antisemite,” we can begin.
Are Jews “God’s Chosen People”?
So the expression “antisemite” literally means “against Shem” or his descendants; however, being anti-Jewish isn’t the same the same thing as being “antisemitic”. So let me explain.
The Semites are the descendants of a man named Shem who would father some of the world’s most renowned empires and dynasties, such as the Assyrian and Babylonian empires — and even the Persians can call themselves “Semites.”
So why is it that when you say something against the Jews, you are considered “antisemitic”? Because just like stealing your religion, your homes, your money, and your businesses, some Jews also love stealing names, inheritance and land.
So Shem is the son of Noah — the guy who built the ark when Mesopotamia flooded. The Samarian Kingdom would be destroyed by the flood — and the Semites would descend from the Caucasian Mountains and establish the Akkadian Empire.
Shem would have children — and one of his descendants would be named Eber. He would be the father of the Hebrew people — and the Semites would be called by his name. Eber’s line would eventually give birth to a man named Abram of a “Jew” named Abraham — except that Abraham has never been a Jew — nor will he ever be a Jew — and to call Abraham [a Jew] is just plain ignorant.
So let’s go through it.
So according to the Bible, Abraham was a Hebrew and not a Jew (Genesis 14:13) whom God promised would be the father of many nations (Genesis 17:4) — not just one single Jewish nation but many nations — and that through him all the families of the world would be blessed (Genesis 12:3).
[CFT Note: The translation here is somewhat misleading. “Families” here is better rendered as “tribes” or “kindred tribes” (based on the Hebrew “mishpachah” — see Strong’s 4940. And “world” would be better translated as the “known land” where these related tribes dwell — see Strong’s 127 for “adamah“.]
Abraham would pass this blessing on to his younger son, Issac — and not his eldest son, Ishmael. Issac would have twin sons — Esau and Jacob. Again, the Abrahamic blessing would be passed down to the younger brother — Jacob — who would then be renamed to “Israel.”
Israel would then have twelve sons — his sons would become each their own tribes — and eventually become their own nations. One of his sons would be named Judah who would be the father of the “Jewish” people — and all Jews are related to him. Even though all Jews are Israelites, the majority of Israelites are not Jews.
[CFT Note: As we’ve previously stated, all Jews are not related to Judah — just as their claim to be “God’s Chosen” is incorrect, so is their pretension that they are legitimate descendants of the Israelite tribe of Judah. As the 1980 “Jewish Almanac” states, “Strictly speaking, it is incorrect to call an ancient Israelite a Jew or to call a contemporary Jew an Israelite or a Hebrew.”]
Obviously, Israel would have to have to pass the Abrahamic blessing to Judah in order for them to be the “Chosen” people. Israel would want his favorite son — Joseph — to inherit the Abrahamic blessing. However, Judah — the father of the Jews — would be jealous and conspire with his brothers to have Joseph killed. In the end, Judah sold Joseph into slavery for silver — much like Judas sold Jesus to the Jews.
So the Bible portrays Judah as the jealous villain — and Joseph as the chosen son. While in slavery, Joseph would rise to become the prime minister of Egypt — and father two sons named Ephraim and Manasseh.
In the end, Joseph would adopt his sons and pass the Abrahamic blessing onto them — making them the “Chosen” people — and dividing Joseph into two tribes — making 13 tribes of Israel.
As for Judah — the father of the Jews — his two eldest sons would die, and Judah would end up bowing down to Joseph.
So now that you understand that the Jews were never intended to bless the world — nor were they ever considered the “Chosen people” — we can move on to our second point:
So Is the Jewish Homeland Israel?
And the answer is “Yes” and not at all.
Israel was originally called “the Land of Canaan” — named after Noah’s grandson Canaan. The land of Canaan was conquered by the Israelites after they left Egypt with Moses — found in the Book of Exodus. The Bible says that God commanded the Israelites to punish the Canaanites for their sexual immorality — which led to child sacrifice — which would eventually lead to cannibalism.
The word “cannibal” actually comes from the words “Canaan” and the god “Baal” — Baal was the god of Canaan and — and the priests were known for eating the children after they were sacrificed to him. Hence why we call them “cannibals.”
So now that you understand what kind of people were living in Canaan, try not to feel so bad when you read that God ordered us to exterminate them.
The borders of the Jewish homeland were established by Joshua who was one of the descendants of Joseph — and not from Judah. So if we were to restore the Jews to their original land, according to the Bible, the Jewish homeland would look less like this:
….and more like this:
So like the story of Joseph and Judah, their children wouldn’t get along likewise either. After becoming nations, there would be a civil war — the Jews would rule the southern kingdom of Judea — while Joseph’s sons would rule the northern kingdom of Israel. They would have different religions — believe in different gods — and while Judah stayed in Judea, Joseph would ally himself with the Phoenicians and establish colonies and trade posts all over the Mediterranean.
The Kingdom of Israel would become corrupted by foreign ideologies — and like the Canaanites — would fall into materialism, sexual immorality, and child sacrifice — which would lead to them being conquered by the Assyrian Empire.
Some of the Israelites would be taken into captivity in the lands of Assyria and Medea — while some of the Israelites and Phoenicians would flee to their colonies and trade posts — fulfilling the promise made to Abraham that the world would be blessed through him (Genesis 15:5) as he would be the father of many nations:
So the sons of Joseph would become fruitful and multiply among the nations — forgetting who they are — which shouldn’t surprise us considering their names literally mean “fruitful” [Ephraim] and “forgetful” [Manasseh].
Just like the northern kingdom, the Jews would fall into sexual immorality and start sacrificing their children — they would be conquered and enslaved by the Babylonians — then freed and re-established by the Persians — conquered again by the Greeks — and later occupied by the Romans.
While under Roman rule, the Jews would launch the greatest revolution in Roman history known as “The Great Revolt” — which would fail, causing Judea and Jerusalem, and the Jewish temple to be destroyed — ironically fulfilling everything that Jesus and the Christian said would happen (Mark 13:2).
The Jews — not being satisfied with losing their temple and homeland — would stab the Romans in the back by launching two more rebellions [Kitos War and the Bar Kokhba Revolt], killing of half a million Greeks and Romans. God would bless “the Chosen people” with two more humiliating defeats, along with the banishment from the land — causing Judea to be renamed “Syria Palestinia”.
So the reason why the Jews have been able to take Palestine really rests on the fact that they’ve stolen the name “Israel” and convinced the Christian West that they are “the Chosen People” — and that they alone are Israel. But once putting things into perspective, we that this just isn’t true.
Which brings us to our third point:
Do the Jews believe in the Old Testament?
The answer is “kind of” and “not really.”
While waving around the Old Testament as if they believed in it, the Jews actually have secondary books that they consider just as important — the main book being called “The Talmud”.
To explain the Talmud, we have to understand some basic Jewish-Roman history, going back to Emperor Claudius (41AD – 54AD) who — like Emperor Tiberius — tried to ban the Jews from Rome after branding them aggressive troublemakers.
Sadly, Emperor Claudius didn’t understand how to play The Game of Thrones — and ended up mysteriously being killed. His successor — Emperor Nero — would lift the Jewish ban — which shouldn’t surprise us considering the Talmud says he was a Jewish convert. Nero and his Jews would engage in some of the most barbaric acts known to man.
[CFT Note: Roman historian Flavius Josephus called Nero’s wife — Poppaea — a worshiper of the ‘God of Israel’ and that she urged Nero to show compassion to the Jewish people. In one account, Josephus shows how Poppaea advocated for the Jewish priests when an issue was brought before Nero by Herod Agrippa II, who was the Tetrarch of Jerusalem, concerning a wall that was built blocking Agrippa’s view of the temple. She convinced Nero to not order the Jewish priests to tear down the wall and to leave the temple as is.]
Just to give you an idea how crazy this pro-Jewish emperor was — Nero burned down Rome and blamed it on the Christians, causing them to be tortured and killed in the worst ways imaginable. He murdered his entire family and then kicked his pregnant wife and unborn child to death — and then castrated a young boy named Sporus and force him to dress like the wife whom he had just murdered.
With the coming of Jesus, the Jews would divide into two main groups — those who believed that Jesus is the Messiah — while the other group of Jews rejected this claim, believing that their messiah would come wielding a sword to destroy the Romans and set up a Jewish empire — which is what led the Jews to rebel against Rome in the first place — that, and they just didn’t want to pay taxes.
After their failed rebellions, the Jews would retreat to Babylon — creating the religion we know today as “Judaism” — making Christianity older by 200 years. The Jews would argue and say that the Talmud is the oral law that was passed down orally without any mistakes since the time of Moses — before finally being written down between 200 and 400 years after Jesus.
This would place the Jews in first place above the Muslims for the longest, most successful game of Broken Telephone ever played.
The Talmud speaks of its “love” for Christians by calling the mother of Jesus a whore — and calling Jesus a bastard sorcerer who is in hell boiling in human [excrement] — which brings us to our last point:
Is the Old Testament About Jews?
The answer is “No, not really” — because the Jews have stolen the name “Israel,” you would never guess that the majority of the people in the Bible are not Jewish. The apostle Paul, for instance, even though everyone calls him a “Jew,” publicly separates himself from the Jews (Philippians 3:5, Romans 1:1) — and says, “I am an Israelite of the tribe of Benjamin.”
[CFT Note: This is simply incorrect — Paul does, in fact, call himself a Jew in Acts 22:3, “I am verily a man which am a Jew, born in Tarsus..” What this narrator fails to understand is that in the context of the New Testament, the term “Jew” — from the Greek “Ioudaios” (Strong’s 2453) — can refer collectively to the three Israelite tribes of the southern kingdom — Judah, Benjamin, and Levi. It can also mean “Judean,” but technically Paul is a Roman citizen from Tarsus, not a “Judean.”]
The Bible also says that God sent Paul to preach among the Israelites (Acts 9:15) — and funny enough, Paul’s ministry wasn’t in Judea, but he was sent to preach to the Galatians in Asia Minor, the Greeks in Greece, and the Romans in Rome.
The Bible is constantly separating the Kingdom of Israel from the Kingdom of Judah — as it is constantly separating Joseph from Judah. The entire Jewish deception — and highjacking of the Bible — depends on them stealing the terms “Semites”, “Hebrews”, and “Israelites”.
For example, Moses — the man who wrote the first five books known as The Torah — did not come from the tribe of Judah, nor was he part of the Kingdom of Judea — yet somehow he is [claimed to be] a “Jew.”
The reality here is that the majority of the people in the Old Testament are not Jewish. The Bible is a book that tells the history of many nations and peoples — like the Semites, the Hebrews, the Israelites, Egyptians, Phoenicians, Babylonians, Assyrians, Armenians, Persians, Greeks, Romans, and many others. It’s not only about “Jews.”
The dollar is America’s superpower. It gives Washington unrivaled economic and political muscle. The United States can slap sanctions on countries unilaterally, freezing them out of large parts of the world economy. And when Washington spends freely, it can be certain that its debt, usually in the form of T-bills, will be bought up by the rest of the world.
Sanctions imposed on Russia for its invasion of Ukraine combined with Washington’s increasingly confrontational approach to China have created a perfect storm in which both Russia and China are accelerating efforts to diversify away from the dollar. Their central banks are keeping less of their reserves in dollars, and most trade between them is being settled in the yuan. They are also, as Putin noted, making efforts to get other countries to follow suit…
America’s politicians have gotten used to spending seemingly without any concerns about deficits — public debt has risen almost fivefold from roughly $6.5 trillion 20 years ago to $31.5 trillion today. The Fed has solved a series of financial crashes by massively expanding its balance sheet twelvefold, from around $730 billion 20 years ago to about $8.7 trillion today. All of this only works because of the dollar’s unique status. If that wanes, America will face a reckoning like none before.
The decline of the US financial superweapon will be exacerbated by the emergence of China as a financial safe harbor, at least for those who have not spent the last decade attacking it or attempting to subvert it.
The unfolding banking crisis in the US and Europe could highlight China as a “relative safe haven,” economists at Citi said in a note seen by CNBC. The Chinese economy could see accelerated expansion this year, giving the country a “hedge” for growth while economies in the US and Europe face heightened risk of financial disruption, according to the note.
It’s going to be interesting. That’s the only thing we can know for certain. And both one’s investment and consumption should be directed toward hard assets that will hold their value regardless of price levels.
I’ve repeatedly observed that both Russia and China have learned from the mistakes of previous regimes, as well as from those of the imperial USA. Here is evidence that Russia’s current leadershipis actively aware of the mistakesmade in their Soviet past:
Russia’s economy will not be reduced to the defense industry alone, despite the conflict with Ukraine and Western sanctions, former President Dmitry Medvedev told journalists on Sunday. Imbalances in the economy will not be allowed to develop, he said, adding that the country is unlikely to suffer the fate of the Soviet Union.
“There is currently no threat of economic militarization in a way, in which it existed [in the USSR] in the 1970s and 1980s,” Medvedev said. The former president argued that the Soviet Union gave too much priority to the defense industry. To avoid an imbalance, “priorities just need to be set correctly and major macroeconomic indicators monitored,” he added.
Russia does actually need to boost its defense industry, he said, adding that it is necessary to “lay the groundwork for the future” even after the Ukraine conflict ends. However, taking these steps will not affect other economic sectors, he believes.
The USSR lacked a market system and also the strong consumer goods sector that modern Russia has, Medvedev said, adding that had the West imposed sanctions on the USSR at that time, “we would have had a hard time.”
Now, Russia’s “market does not feel any colossal downturns even despite the sanctions,” the former president said. He lauded Russia’s agriculture sector, saying not only does it allow Russia to meet its own food supply needs, but also enables it to “feed others.”
And they’re clearly also acutely aware of the vulnerabilities created by blindly adopting the false “free trade” doctrine of Western liberalism: China and Russia top list of states with largest trade surplus – study
Former president warns those speculating on financial militarisation that it’s not going to happen
Russia’s economy will not be reduced to the defense industry alone, despite the conflict with Ukraine and Western sanctions, former President Dmitry Medvedev told journalists on Sunday. Imbalances in the economy will not be allowed to develop, he said, adding that the country is unlikely to suffer the fate of the Soviet Union.
“There is currently no threat of economic militarization in a way, in which it existed [in the USSR] in the 1970s and 1980s,” Medvedev said. The former president argued that the Soviet Union gave too much priority to the defense industry. To avoid an imbalance, “priorities just need to be set correctly and major macroeconomic indicators monitored,” he added.
Russia does actually need to boost its defense industry, he said, adding that it is necessary to “lay the groundwork for the future” even after the Ukraine conflict ends. However, taking these steps will not affect other economic sectors, he believes.
The USSR lacked a market system and also the strong consumer goods sector that modern Russia has, Medvedev said, adding that had the West imposed sanctions on the USSR at that time, “we would have had a hard time.”
Now, Russia’s “market does not feel any colossal downturns even despite the sanctions,” the former president said. He lauded Russia’s agriculture sector, saying not only does it allow Russia to meet its own food supply needs, but also enables it to “feed others.”
Russia has also managed to keep the inflation rate lower than in many European nations, Medvedev said. “They instigated this campaign, started to fight us and now some nations have an inflation rate of between 15% and 20%,” he said, noting that inflation in Russia is on track to come in at 6% in March and subsequently drop to 4%.
Earlier on Sunday, Russian President Vladimir Putin said the EU is increasing its dependence on Beijing much faster than Moscow is. RIA Novosti reported in March that Russia and China topped the list of nations with the biggest trade surpluses last year.
