World War III? What Washington Really Wants from Russia
It is time to get to the heart of what Washington wants from Russia. Why did the West instigate a crisis in Ukraine? What does it really want? If you understand where Washington gets its power from, you will understand its policy toward Russia.
The United States government, as the issuer of the world's reserve currency, is interested in only one thing: the proliferation of the U.S. dollar. This single fact is all one needs to grasp to truly understand
U.S. foreign policy.
What does this mean in practice? It simply means that the U.S. government, in collusion with the Federal Reserve, has the ability to print its currency at will simply because it is the issuer of the world's reserve currency and can export its inflation to the rest of the nations of the world. Any nation that wishes to engage in international trade, including the purchase of commodities such as natural gas or oil, must maintain huge dollar reserves to enable its purchases.
The world, in effect, acts as a sponge to absorb U.S. inflation, allowing the U.S. government to build obscene deficits that enable a massive military budget and enrich a very small portion of the U.S. population at the expense not only of the world's population, but also of the American working class. This unearned abundance of power, in turn, allows, for example, corporations like Amazon, Tesla, and all the other U.S. multinationals that have easy access to this money-creation machine to grow ever larger - and quite independent of their real economic viability. This, of course, comes at the expense of small businesses - both in the United States and in Western Europe, and increasingly in Eastern Europe as well.
As for those nations that want to free themselves from the U.S. dollar, we know all too well what the U.S. has in store for them. As a reminder, here are some examples of nations that refused to accept dollar hegemony: Iraq, Libya, Iran, Venezuela, Ukraine, Syria. This is where the Russian Federation comes in. If you really want to understand why the U.S. establishment hates Russia under Vladimir Putin, all you have to do is understand the dollar's role in the world. Russia is a direct threat to the proliferation of the U.S. dollar.
For its part, the Russian Federation has become quite resilient and much less vulnerable to any outside pressure or influence over the last 20 years. Indeed, Russia is a sovereign nation that is not intimidated by the United States. While the U.S. government was busy in the first decade of this century hunting down terrorists of its own making, Putin and the Russian people have worked hard to rebuild the Russian Federation. In fact, Russia has become so strong that it can now even project enough power to protect other sovereign nations that want to break away from the U.S. dollar or wanted nothing to do with it in the first place - Syria is the best example.
The United States cannot simply launch a military strike against the Russian Federation as it did in Iraq and many other nations that rejected dollar hegemony. Russia now has the power to prevent the proliferation of the U.S. dollar. To return to the sponge analogy: Russia is reducing the size of the sponge. This leaves the U.S. government with a smaller and smaller number of countries to export dollar inflation to. The smaller the sponge becomes, the more desperate U.S. foreign policy becomes, as the U.S. leadership tries by all means to preserve its grip on world power
Thomas J. Penn is a U.S. citizen and has lived in Germany for many years. He was a Sergeant in the Infantry in the US Army. Penn studied finance and management and has extensive experience in the financial markets. You can reach him on Twitter as well as on Telegram at @ThomasJPenn.
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