Everyone’s talking about Europe’s economy. But at the heart of the crisis is a very different problem.
Greece is on the brink yet again. It has to pay the International Monetary Fund (imf) us$1.7 billion by the end of the month. And that’s the start of a gauntlet of loan repayments—it owes €10 billion by the end of September. Meanwhile, it has not agreed to a deal to get that money. With time running out, European officials are reportedly preparing for a catastrophe. “The Greek saga is finally reaching its climax, we think,” said Morgan Stanley’s head of foreign exchange strategy.
What will happen? Will Greece leave the euro? Will it submit to Europe’s bailout conditions? Will it trigger a financial crisis? I don’t know. But I do know that in the long term Greece is going to remain under the European Union’s influence.
If you have 51 minutes of time to spare, this podcast interview will be very well worth your time.
Highlight points in the beginning:
- Stolen Ukrainian gold
- Cooperation agreement with the EU wasn’t signed because it was designed by western Europe to do two things:
- Bankrupt Ukraine into a fire sale
- Distrupt the Customs Union, which is a Soviet controlled Eurasian counterweight that would’ve competed successfully against the EU and the United States
- The anti-Semites and neo-Nazis running the country and how it receives a complete pass in Western media by not being reported
Having lived in the former USSR before immigrating to the US, Dmitry Orlov has an invaluable perspective on both the US and Russian perspectives, as well as Ukraine.
With the western propaganda flying thick and heavy, it’s more important than ever to cut through the chaff and learn what we can about the most important geopolitical realignment (and renewed tensions) in recent memory.
The United States is a nation that can’t get anything together, can’t get anything on, not education, not healthcare, nothing. It’s basically sinking into a cesspool of its own making it can’t respond at all. And now, it is basically being shown up to be quite incompetent in playing this international game. Now, what happens if you can’t play a game by the rules is you’re penalized and you forfeit the game. So, either the US leadership will learn how to play by the rules or they forfeit. I see those are as the only two real outcomes.