Is Putin’s Russia Ready For Total Economic War With the West?
By: Ron Holland
Market Oracle
Feb 22, 2015
On February 18, 1943, German Propaganda Minister Joseph Goebbels delivered a rousing speech at the Berlin Sportpalast, asking the German people, “Sind Sie bereit für totalen Krieg?” or “Are you ready for total War?” Germany had planned for Blitzkrieg and a short war and was unprepared for a world war as the combined military forces of the United States, England and the Soviet Union crushed the Reich relentlessly and systematically. Although the people and economy rallied in defense of Germany, total war only prolonged the horrors of war and delayed their inevitable defeat.
Today, 72 years later, another quasi-fascist empire formerly at the pinnacle of world economic power is being taken over, this time on the economic front, by China and the BRICs. Yet it retains the ability to project military power on every continent, with troops deployed in over 150 countries, and is involved simultaneously in regions ranging from Europe and the Ukraine, across the Middle East and Africa to the nations in Asia surrounding China.
The leadership of most foreign vassal states are threatened, bought off or blackmailed into doing the empire’s bidding lest they be overthrown and replaced through covert black-ops that often masquerade as homegrown domestic uprisings like the Arab Spring or the Ukraine coup in 2014.
Non-cooperating foreign nations, central banks, domestic nationalists and powerful centers of influence are threatened with state trade sanctions, individual sanctions and blacklisting, banking prohibitions and bond-rating downgrades in addition to other economic and outright military threats. The empire’s powerful propaganda machine based in New York and London that, when needed, can within only weeks turn former allies into evil despots without cause, reason or evidence.
An unforgiveable crime is to threaten the mountains of government debt and endless trillions in derivatives issued by vassal state governments led by controlled foreign political leaders where old bond offerings are simply rolled over, along with interest owed, into new obligations. This further burdens citizens and taxpayers just so favored global investment banking interests in the US, UK, Germany and others can continue their fee and commission gravy train.
Greece is the Achilles Heel of the European Union
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