The reaction to the sabotage of three of the four Nord Stream 1 and 2 pipelines in four places on Monday, September 26, has focused on speculations about who did it and whether NATO will make a serious attempt to discover the answer. Yet instead of panic, there has been a great sigh of diplomatic relief, even calm. Disabling these pipelines ends the uncertainty and worries on the part of US/NATO diplomats that nearly reached a crisis proportion the previous week, when large demonstrations took place in Germany calling for the sanctions to end and to commission Nord Stream 2 to resolve the energy shortage.
The German public was coming to understand what it will mean if their steel companies, fertilizer companies, glass companies and toilet-paper companies were shutting down. These companies were forecasting that they would have to go out of business entirely – or shift operations to the United States – if Germany did not withdraw from the trade and currency sanctions against Russia and permit Russian gas and oil imports to resume, and presumably to fall back from their astronomical eight to tenfold price increase.
Yet State Department hawk Victoria Nuland already had stated in January that “one way or another Nord Stream 2 will not move forward” if Russia responded to the accelerating Ukrainian military attacks on the Russian-speaking eastern oblasts. President Biden backed up U.S. insistence on February 7, promising that “there will be no longer a Nord Stream 2. We will bring an end to it. … I promise you, we will be able to do it.”
Most observers simply assumed that these statements reflected the obvious fact that German politicians were fully in the US/NATO pocket. Germany’s politicians held fast turbines refusing to authorize Nord Stream 2, and Canada soon seized the Siemens dynamos needed to send gas through Nord Stream 1. That seemed to settle matters until German industry – and a rising number of voters – finally began to calculate just what blocking Russian gas would mean for Germany’s industrial firms, and hence domestic employment.
Germany’s willingness to self-impose an economic depression was wavering – although not its politicians or the EU bureaucracy. If policymakers were to put German business interests and living standards first, NATO’s common sanctions and New Cold War front would be broken. Italy and France might follow suit. That prospect made it urgent to take the anti-Russian sanctions out of the hands of democratic politics.
Despite being an act of violence, sabotaging the pipelines has restored calm to US/NATO diplomatic relations. There is no more uncertainty about whether Europe may break away from U.S. diplomacy by restoring mutual trade and investment with Russia. The threat of Europe breaking away from the US/NATO trade and financial sanctions against Russia has been solved, seemingly for the foreseeable future. Russia has announced that the gas pressure is falling in three of the four pipelines, and the infusion of salt water will irreversibly corrode the pipes. (Tagesspiegel, September 28.)
Where do the euro and dollar go from here?
Looking at how this will reshape the relationship between the U.S. dollar and the euro, one can understand why the seemingly obvious consequences of Germany, Italy and other European economies severing trade ties with Russia have not been discussed openly. The solution is a German and indeed Europe-wide economic crash. The next decade will be a disaster. There may be recriminations against the price paid for letting Europe’s trade diplomacy be dictated by NATO, but there is nothing that Europe can do about it. Nobody (yet) expects it to join the Shanghai Cooperation Organization. What is expected is for its living standards to plunge.
German industrial exports and attraction of foreign investment inflows were major factors supporting the euro’s exchange rate. To Germany, the great attraction in moving from the deutsche mark to the euro was to avoid its export surplus pushing up the D-mark’s exchange rate and pricing German products out of world markets. Expanding the eurozone to include Greece, Italy, Portugal, Spain and other countries running balance-of-payments deficits prevented the euro from soaring. That protected the competitiveness of German industry.
After its introduction in 1999 at $1.12, the euro sank to $0.85 by July 2001, but recovered and indeed rose to $1.58 in April 2008. It has been drifting down steadily since then, and since February of this year the sanctions have driven the euro’s exchange rate below parity with the dollar, to $0.97 this week.
The major deficit problem has been rising prices for imported gas and oil, and products such as aluminum and fertilizer requiring heavy energy inputs for their production. And as the euro’s exchange rate declines against the dollar, the cost of carrying Europe’s US-dollar debt – the normal condition for affiliates of U.S. multinationals –rises, squeezing profits.
This is not the kind of depression in which “automatic stabilizers” can work to restore economic balance. Energy dependency is structural. To make matters worse, the eurozone’s economic rules limit its budget deficits to just 3% of GDP. This prevents its national governments supporting the economy by deficit spending. Higher energy and food prices – and dollar-debt service – will leave much less income to be spent on goods and services.
As a final kicker, pointed out by Pepe Escobar on September 28 that “Germany is contractually obligated to purchase at least 40 billion cubic meters of Russian gas a year until 2030. … Gazprom is legally entitled to get paid even without shipping gas. … Berlin does not get all the gas it needs but still needs to pay.” A long court battle can be expected before money will change hands. And Germany’s ultimate ability to pay will be steadily weakening.
It seems curious that the U.S. stock market soared over 500 points for the Dow Jones Industrial Average on Wednesday. Maybe the Plunge Protection Team was intervening to try and reassure the world that everything was going to be all right. But the stock market gave back most of these gains on Thursday as reality no longer could be brushed aside.
German industrial competition with United States is ending, helping the U.S. trade balance. But on capital account the euro’s depreciation will reduce the value of U.S. investments in Europe and the dollar-value of any profits they may still earn as the European economy shrinks. Reported global earnings by U.S. multinationals will fall.
The effect of U.S. sanctions and the New Cold War outside of Europe
The ability of many countries to pay their foreign and domestic debts already was reaching the breaking point before the anti-Russian sanctions raised world energy and food prices. The sanctions-driven price increases have been compounded by the dollar’s rising exchange rate against nearly all currencies (ironically, except against the ruble, whose rate has soared instead of collapsing as U.S. strategists tried in vain to make happen). International raw materials are still priced mainly in dollars, so the dollar’s currency appreciation is further raising import prices for most countries.
The rising dollar also raises the local currency cost of servicing foreign debts denominated in dollars. Many European and Global South countries already have reached the limit of their ability to service their dollar-denominated debts, and are still coping with the impact of the Covid pandemic. Now that US/NATO sanctions have driven up world prices for gas, oil and grain – and with the dollar’s appreciation raising the cost of servicing dollar-denominated debts – these countries cannot afford to import the energy and food that they need to live if they have to pay their foreign debts. Something has to give.
On Tuesday, September 27, U.S. Secretary of State Antony Blinken shed crocodile tears and said that attacking Russian pipelines was “in no one’s interest.” But if that really were the case, no one would have attacked the gas lines. What Mr. Blinken really was saying was “Don’t ask Cui bono.” I don’t expect NATO investigators to go beyond accusing the usual suspects that U.S. officials automatically blame.
U.S. strategists must have a game plan for how to proceed from here. They will try to maintain a neoliberalized global economy for as long as they can. They will use the usual ploy for countries unable to pay their foreign debts: The IMF will lend them the money to pay – on the condition that they raise the foreign exchange to repay by privatizing what remains of their public domain, natural-resource patrimony and other assets, selling them to U.S. financial investors and their allies.
Will it work? Or will debtor countries band together and work out ways to restore the world of affordable oil and gas prices, fertilizer prices, grain and other food prices, metals and raw materials supplied by Russia, China and their allied Eurasian neighbors, without U.S. “conditionalities” such as have ended European prosperity?
An alternative to the U.S.-designed neoliberal order is the great worry for U.S. strategists. They cannot solve the problem as easily as sabotaging Nord Stream 1 and 2. Their solution probably will be the usual U.S. approach: military intervention and new color revolutions hoping to gain the same power over Global South and Eurasia that America’s diplomacy via NATO wielded over Germany and other European countries.
The fact that U.S. expectations for how anti-Russian sanctions would work out against Russia have been just the reverse of what actually has happened gives hope for the world’s future. The opposition and even contempt by U.S. diplomats toward other countries acting in their own economic interest deems it a waste of time (and indeed, to be unpatriotic) to contemplate how foreign countries might develop their own alternative to the U.S. plans. The assumption underlying this U.S. tunnel vision is that There Is No Alternative – and that if they don’t think about such a prospect, it will remain unthinkable.
But unless other countries work together to create an alternative to the IMF, World Bank, International Court, World Trade Organization and the numerous UN agencies now biased toward the U.S/NATO by U.S. diplomats and their proxies, the coming decades will see the U.S. economic strategy of financial and military dominance unfold along the lines that Washington has planned. The question is whether these countries can develop an alternative new economic order to protect themselves from a fate like that which Europe this year has imposed upon itself for the next decade.
During the address by Vladimir Putin at the ceremony for signing the treaties on the accession of the Donetsk People’s Republic, the Lugansk People’s Republic, the Zaporozhye Region and the Kherson Region to the Russian Federation. Photo: Grigoriy Sisoev, RIA Novosti
Signing of treaties on accession of Donetsk and Lugansk people’s republics and Zaporozhye and Kherson regions to Russia
A ceremony for signing the treaties on the accession of the Donetsk People’s Republic, the Lugansk People’s Republic, the Zaporozhye Region and the Kherson Region to the Russian Federation took place in of the Grand Kremlin Palace’s St George Hall.
President of Russia Vladimir Putin: Citizens of Russia, citizens of the Donetsk and Lugansk people’s republics, residents of the Zaporozhye and Kherson regions, deputies of the State Duma, senators of the Russian Federation,
As you know, referendums have been held in the Donetsk and Lugansk people’s republics and the Zaporozhye and Kherson regions. The ballots have been counted and the results have been announced. The people have made their unequivocal choice.
Today we will sign treaties on the accession of the Donetsk People’s Republic, Lugansk People’s Republic, Zaporozhye Region and Kherson Region to the Russian Federation. I have no doubt that the Federal Assembly will support the constitutional laws on the accession to Russia and the establishment of four new regions, our new constituent entities of the Russian Federation, because this is the will of millions of people. (Applause.)
It is undoubtedly their right, an inherent right sealed in Article 1 of the UN Charter, which directly states the principle of equal rights and self-determination of peoples.
I repeat, it is an inherent right of the people. It is based on our historical affinity, and it is that right that led generations of our predecessors, those who built and defended Russia for centuries since the period of Ancient Rus, to victory.
Here in Novorossiya, [Pyotr] Rumyantsev, [Alexander] Suvorov and [Fyodor] Ushakov fought their battles, and Catherine the Great and [Grigory] Potyomkin founded new cities. Our grandfathers and great-grandfathers fought here to the bitter end during the Great Patriotic War.
We will always remember the heroes of the Russian Spring, those who refused to accept the neo-Nazi coup d’état in Ukraine in 2014, all those who died for the right to speak their native language, to preserve their culture, traditions and religion, and for the very right to live. We remember the soldiers of Donbass, the martyrs of the “Odessa Khatyn,” the victims of inhuman terrorist attacks carried out by the Kiev regime. We commemorate volunteers and militiamen, civilians, children, women, senior citizens, Russians, Ukrainians, people of various nationalities; popular leader of Donetsk Alexander Zakharchenko; military commanders Arsen Pavlov and Vladimir Zhoga, Olga Kochura and Alexei Mozgovoy; prosecutor of the Lugansk Republic Sergei Gorenko; paratrooper Nurmagomed Gadzhimagomedov and all our soldiers and officers who died a hero’s death during the special military operation. They are heroes. (Applause.) Heroes of great Russia. Please join me in a minute of silence to honour their memory.
(Minute of silence.)
Thank you.
Behind the choice of millions of residents in the Donetsk and Lugansk people’s republics, in the Zaporozhye and Kherson regions, is our common destiny and thousand-year history. People have passed this spiritual connection on to their children and grandchildren. Despite all the trials they endured, they carried the love for Russia through the years. This is something no one can destroy. That is why both older generations and young people – those who were born after the tragic collapse of the Soviet Union – have voted for our unity, for our common future.
In 1991 in Belovezhskaya Pushcha, representatives of the party elite of that time made a decision to terminate the Soviet Union, without asking ordinary citizens what they wanted, and people suddenly found themselves cut off from their homeland. This tore apart and dismembered our national community and triggered a national catastrophe. Just like the government quietly demarcated the borders of Soviet republics, acting behind the scenes after the 1917 revolution, the last leaders of the Soviet Union, contrary to the direct expression of the will of the majority of people in the referendum of 1991, destroyed our great country, and simply made the people in the former republics face this as an accomplished fact.
I can admit that they didn’t even know what they were doing and what consequences their actions would have in the end. But it doesn’t matter now. There is no Soviet Union anymore; we cannot return to the past. Actually, Russia no longer needs it today; this isn’t our ambition. But there is nothing stronger than the determination of millions of people who, by their culture, religion, traditions, and language, consider themselves part of Russia, whose ancestors lived in a single country for centuries. There is nothing stronger than their determination to return to their true historical homeland.
For eight long years, people in Donbass were subjected to genocide, shelling and blockades; in Kherson and Zaporozhye, a criminal policy was pursued to cultivate hatred for Russia, for everything Russian. Now too, during the referendums, the Kiev regime threatened schoolteachers, women who worked in election commissions with reprisals and death. Kiev threatened millions of people who came to express their will with repression. But the people of Donbass, Zaporozhye and Kherson weren’t broken, and they had their say.
I want the Kiev authorities and their true handlers in the West to hear me now, and I want everyone to remember this: the people living in Lugansk and Donetsk, in Kherson and Zaporozhye have become our citizens, forever. (Applause.)
We call on the Kiev regime to immediately cease fire and all hostilities; to end the war it unleashed back in 2014 and return to the negotiating table. We are ready for this, as we have said more than once. But the choice of the people in Donetsk, Lugansk, Zaporozhye and Kherson will not be discussed. The decision has been made, and Russia will not betray it. (Applause.) Kiev’s current authorities should respect this free expression of the people’s will; there is no other way. This is the only way to peace.
We will defend our land with all the forces and resources we have, and we will do everything we can to ensure the safety of our people. This is the great liberating mission of our nation.
We will definitely rebuild the destroyed cities and towns, the residential buildings, schools, hospitals, theatres and museums. We will restore and develop industrial enterprises, factories, infrastructure, as well as the social security, pension, healthcare and education systems.
We will certainly work to improve the level of security. Together we will make sure that citizens in the new regions can feel the support of all the people of Russia, of the entire nation, all the republics, territories and regions of our vast Motherland. (Applause.)
Friends, colleagues,
Today I would like to address our soldiers and officers who are taking part in the special military operation, the fighters of Donbass and Novorossiya, those who went to military recruitment offices after receiving a call-up paper under the executive order on partial mobilisation, and those who did this voluntarily, answering the call of their hearts. I would like to address their parents, wives and children, to tell them what our people are fighting for, what kind of enemy we are up against, and who is pushing the world into new wars and crises and deriving blood-stained benefits from this tragedy.
Our compatriots, our brothers and sisters in Ukraine who are part of our united people have seen with their own eyes what the ruling class of the so-called West have prepared for humanity as a whole. They have dropped their masks and shown what they are really made of.
When the Soviet Union collapsed, the West decided that the world and all of us would permanently accede to its dictates. In 1991, the West thought that Russia would never rise after such shocks and would fall to pieces on its own. This almost happened. We remember the horrible 1990s, hungry, cold and hopeless. But Russia remained standing, came alive, grew stronger and occupied its rightful place in the world.
Meanwhile, the West continued and continues looking for another chance to strike a blow at us, to weaken and break up Russia, which they have always dreamed about, to divide our state and set our peoples against each other, and to condemn them to poverty and extinction. They cannot rest easy knowing that there is such a great country with this huge territory in the world, with its natural wealth, resources and people who cannot and will not do someone else’s bidding.
The West is ready to cross every line to preserve the neo-colonial system which allows it to live off the world, to plunder it thanks to the domination of the dollar and technology, to collect an actual tribute from humanity, to extract its primary source of unearned prosperity, the rent paid to the hegemon. The preservation of this annuity is their main, real and absolutely self-serving motivation. This is why total de-sovereignisation is in their interest. This explains their aggression towards independent states, traditional values and authentic cultures, their attempts to undermine international and integration processes, new global currencies and technological development centres they cannot control. It is critically important for them to force all countries to surrender their sovereignty to the United States.
In certain countries, the ruling elites voluntarily agree to do this, voluntarily agree to become vassals; others are bribed or intimidated. And if this does not work, they destroy entire states, leaving behind humanitarian disasters, devastation, ruins, millions of wrecked and mangled human lives, terrorist enclaves, social disaster zones, protectorates, colonies and semi-colonies. They don’t care. All they care about is their own benefit.
I want to underscore again that their insatiability and determination to preserve their unfettered dominance are the real causes of the hybrid war that the collective West is waging against Russia. They do not want us to be free; they want us to be a colony. They do not want equal cooperation; they want to loot. They do not want to see us a free society, but a mass of soulless slaves.
They see our thought and our philosophy as a direct threat. That is why they target our philosophers for assassination. Our culture and art present a danger to them, so they are trying to ban them. Our development and prosperity are also a threat to them because competition is growing. They do not want or need Russia, but we do. (Applause.)
I would like to remind you that in the past, ambitions of world domination have repeatedly shattered against the courage and resilience of our people. Russia will always be Russia. We will continue to defend our values and our Motherland.
The West is counting on impunity, on being able to get away with anything. As a matter of fact, this was actually the case until recently. Strategic security agreements have been trashed; agreements reached at the highest political level have been declared tall tales; firm promises not to expand NATO to the east gave way to dirty deception as soon as our former leaders bought into them; missile defence, intermediate-range and shorter-range missile treaties have been unilaterally dismantled under far-fetched pretexts.
And all we hear is, the West is insisting on a rules-based order. Where did that come from anyway? Who has ever seen these rules? Who agreed or approved them? Listen, this is just a lot of nonsense, utter deceit, double standards, or even triple standards! They must think we’re stupid.
Russia is a great thousand-year-old power, a whole civilisation, and it is not going to live by such makeshift, false rules. (Applause.)
It was the so-called West that trampled on the principle of the inviolability of borders, and now it is deciding, at its own discretion, who has the right to self-determination and who does not, who is unworthy of it. It is unclear what their decisions are based on or who gave them the right to decide in the first place. They just assumed it.
That is why the choice of the people in Crimea, Sevastopol, Donetsk, Lugansk, Zaporozhye and Kherson makes them so furiously angry. The West does not have any moral right to weigh in, or even utter a word about freedom of democracy. It does not and it never did.
Western elites not only deny national sovereignty and international law. Their hegemony has pronounced features of totalitarianism, despotism and apartheid. They brazenly divide the world into their vassals – the so-called civilised countries – and all the rest, who, according to the designs of today’s Western racists, should be added to the list of barbarians and savages. False labels like “rogue country” or “authoritarian regime” are already available, and are used to stigmatise entire nations and states, which is nothing new. There is nothing new in this: deep down, the Western elites have remained the same colonisers. They discriminate and divide peoples into the top tier and the rest.
We have never agreed to and will never agree to such political nationalism and racism. What else, if not racism, is the Russophobia being spread around the world? What, if not racism, is the West’s dogmatic conviction that its civilisation and neoliberal culture is an indisputable model for the entire world to follow? “You’re either with us or against us.” It even sounds strange.
Western elites are even shifting repentance for their own historical crimes on everyone else, demanding that the citizens of their countries and other peoples confess to things they have nothing to do with at all, for example, the period of colonial conquests.
It is worth reminding the West that it began its colonial policy back in the Middle Ages, followed by the worldwide slave trade, the genocide of Indian tribes in America, the plunder of India and Africa, the wars of England and France against China, as a result of which it was forced to open its ports to the opium trade. What they did was get entire nations hooked on drugs and purposefully exterminated entire ethnic groups for the sake of grabbing land and resources, hunting people like animals. This is contrary to human nature, truth, freedom and justice.
While we – we are proud that in the 20th century our country led the anti-colonial movement, which opened up opportunities for many peoples around the world to make progress, reduce poverty and inequality, and defeat hunger and disease.
To emphasise, one of the reasons for the centuries-old Russophobia, the Western elites’ unconcealed animosity toward Russia is precisely the fact that we did not allow them to rob us during the period of colonial conquests and forced the Europeans to trade with us on mutually beneficial terms. This was achieved by creating a strong centralised state in Russia, which grew and got stronger based on the great moral valuesof Orthodox Christianity, Islam, Judaism and Buddhism, as well as Russian culture and the Russian word that were open to all.
There were numerous plans to invade Russia. Such attempts were made during the Time of Troubles in the 17th century and in the period of ordeals after the 1917 revolution. All of them failed. The West managed to grab hold of Russia’s wealth only in the late 20th century, when the state had been destroyed. They called us friends and partners, but they treated us like a colony, using various schemes to pump trillions of dollars out of the country. We remember. We have not forgotten anything.
A few days ago, people in Donetsk and Lugansk, Kherson and Zaporozhye declared their support for restoring our historical unity. Thank you! (Applause.)
Western countries have been saying for centuries that they bring freedom and democracy to other nations. Nothing could be further from the truth. Instead of bringing democracy they suppressed and exploited, and instead of giving freedom they enslaved and oppressed. The unipolar world is inherently anti-democratic and unfree; it is false and hypocritical through and through.
The United States is the only country in the world that has used nuclear weapons twice, destroying the cities of Hiroshima and Nagasaki in Japan. And they created a precedent.
Recall that during WWII the United States and Britain reduced Dresden, Hamburg, Cologne and many other German cities to rubble, without the least military necessity. It was done ostentatiously and, to repeat, without any military necessity. They had only one goal, as with the nuclear bombing of Japanese cities: to intimidate our country and the rest of the world.
The United States left a deep scar in the memory of the people of Korea and Vietnam with their carpet bombings and use of napalm and chemical weapons.
It actually continues to occupy Germany, Japan, the Republic of Korea and other countries, which they cynically refer to as equals and allies. Look now, what kind of alliance is that? The whole world knows that the top officials in these countries are being spied on and that their offices and homes are bugged. It is a disgrace, a disgrace for those who do this and for those who, like slaves, silently and meekly swallow this arrogant behaviour.
They call the orders and threats they make to their vassals Euro-Atlantic solidarity, and the creation of biological weapons and the use of human test subjects, including in Ukraine, noble medical research.
It is their destructive policies, wars and plunder that have unleashed today’s massive wave of migrants. Millions of people endure hardships and humiliation or die by the thousands trying to reach Europe.
They are exporting grain from Ukraine now. Where are they taking it under the guise of ensuring the food security of the poorest countries? Where is it going? They are taking it to the self-same European countries. Only five percent has been delivered to the poorest countries. More cheating and naked deception again.
In effect, the American elite is using the tragedy of these people to weaken its rivals, to destroy nation states. This goes for Europe and for the identities of France, Italy, Spain and other countries with centuries-long histories.
Washington demands more and more sanctions against Russia and the majority of European politicians obediently go along with it. They clearly understand that by pressuring the EU to completely give up Russian energy and other resources, the United States is practically pushing Europe toward deindustrialisation in a bid to get its hands on the entire European market. These European elites understand everything – they do, but they prefer to serve the interests of others. This is no longer servility but direct betrayal of their own peoples. God bless, it is up to them.
But the Anglo-Saxons believe sanctions are no longer enough and now they have turned to subversion. It seems incredible but it is a fact – by causing explosions on Nord Stream’s international gas pipelines passing along the bottom of the Baltic Sea, they have actually embarked on the destruction of Europe’s entire energy infrastructure. It is clear to everyone who stands to gain. Those who benefit are responsible, of course.
The dictates of the US are backed up by crude force, on the law of the fist. Sometimes it is beautifully wrapped sometimes there is no wrapping at all but the gist is the same – the law of the fist. Hence, the deployment and maintenance of hundreds of military bases in all corners of the world, NATO expansion, and attempts to cobble together new military alliances, such as AUKUS and the like. Much is being done to create a Washington-Seoul-Tokyo military-political chain. All states that possess or aspire to genuine strategic sovereignty and are capable of challenging Western hegemony, are automatically declared enemies.
These are the principles that underlie US and NATO military doctrines that require total domination. Western elites are presenting their neocolonialist plans with the same hypocrisy, claiming peaceful intentions, talking about some kind of deterrence. This evasive word migrates from one strategy to another but really only means one thing – undermining any and all sovereign centres of power.
We have already heard about the deterrence of Russia, China and Iran. I believe next in line are other countries of Asia, Latin America, Africa and the Middle East, as well as current US partners and allies. After all, we know that when they are displeased, they introduce sanctions against their allies as well – against this or that bank or company. This is their practice and they will expand it. They have everything in their sights, including our next-door neighbours – the CIS countries.
At the same time, the West has clearly been engaged in wishful thinking for a long time. In launching the sanctions blitzkrieg against Russia, for example, they thought that they could once again line up the whole world at their command. As it turns out, however, such a bright prospect does not excite everyone – other than complete political masochists and admirers of other unconventional forms of international relations. Most states refuse to ”snap a salute“ and instead choose the sensible path of cooperation with Russia.
The West clearly did not expect such insubordination. They simply got used to acting according to a template, to grab whatever they please, by blackmail, bribery, intimidation, and convinced themselves that these methods would work forever, as if they had fossilised in the past.
Such self-confidence is a direct product not only of the notorious concept of exceptionalism – although it never ceases to amaze – but also of the real ”information hunger“ in the West. The truth has been drowned in an ocean of myths, illusions and fakes, using extremely aggressive propaganda, lying like Goebbels. The more unbelievable the lie, the quicker people will believe it – that is how they operate, according to this principle.
But people cannot be fed with printed dollars and euros. You can’t feed them with those pieces of paper, and the virtual, inflated capitalisation of western social media companies can’t heat their homes. Everything I am saying is important. And what I just said is no less so: you can’t feed anyone with paper – you need food; and you can’t heat anyone’s home with these inflated capitalisations – you need energy.
That is why politicians in Europe have to convince their fellow citizens to eat less, take a shower less often and dress warmer at home. And those who start asking fair questions like “Why is that, in fact?” are immediately declared enemies, extremists and radicals. They point back at Russia and say: that is the source of all your troubles. More lies.
I want to make special note of the fact that there is every reason to believe that the Western elites are not going to look for constructive ways out of the global food and energy crisis that they and they alone are to blame for, as a result of their long-term policy, dating back long before our special military operation in Ukraine, in Donbass. They have no intention of solving the problems of injustice and inequality. I am afraid they would rather use other formulas they are more comfortable with.
And here it is important to recall that the West bailed itself out of its early 20th century challenges with World War I. Profits from World War II helped the United States finally overcome the Great Depression and become the largest economy in the world, and to impose on the planet the power of the dollar as a global reserve currency. And the 1980s crisis – things came to a head in the 1980s again – the West emerged from it unscathed largely by appropriating the inheritance and resources of the collapsed and defunct Soviet Union. That’s a fact.
Now, in order to free itself from the latest web of challenges, they need to dismantle Russia as well as other states that choose a sovereign path of development, at all costs, to be able to further plunder other nations’ wealth and use it to patch their own holes. If this does not happen, I cannot rule out that they will try to trigger a collapse of the entire system, and blame everything on that, or, God forbid, decide to use the old formula of economic growth through war.
Russia is aware of its responsibility to the international community and will make every effort to ensure that cooler heads prevail.
The current neocolonial model is ultimately doomed; this much is obvious. But I repeat that its real masters will cling to it to the end. They simply have nothing to offer the world except to maintain the same system of plundering and racketeering.
They do not give a damn about the natural right of billions of people, the majority of humanity, to freedom and justice, the right to determine their own future. They have already moved on to the radical denial of moral, religious, and family values.
Let’s answer some very simple questions for ourselves. Now I would like to return to what I said and want to address also all citizens of the country – not just the colleagues that are in the hall – but all citizens of Russia: do we want to have here, in our country, in Russia, “parent number one, parent number two and parent number three” (they have completely lost it!) instead of mother and father? Do we want our schools to impose on our children, from their earliest days in school, perversions that lead to degradation and extinction? Do we want to drum into their heads the ideas that certain other genders exist along with women and men and to offer them gender reassignment surgery? Is that what we want for our country and our children? This is all unacceptable to us. We have a different future of our own.
Let me repeat that the dictatorship of the Western elites targets all societies, including the citizens of Western countries themselves. This is a challenge to all. This complete renunciation of what it means to be human, the overthrow of faith and traditional values, and the suppression of freedom are coming to resemble a “religion in reverse” – pure Satanism. Exposing false messiahs, Jesus Christ said in the Sermon on the Mount: “By their fruits ye shall know them.” These poisonous fruits are already obvious to people, and not only in our country but also in all countries, including many people in the West itself.
The world has entered a period of a fundamental, revolutionary transformation. New centres of power are emerging. They represent the majority – the majority! – of the international community. They are ready not only to declare their interests but also to protect them. They see in multipolarity an opportunity to strengthen their sovereignty, which means gaining genuine freedom, historical prospects, and the right to their own independent, creative and distinctive forms of development, to a harmonious process.
As I have already said, we have many like-minded people in Europe and the United States, and we feel and see their support. An essentially emancipatory, anti-colonial movement against unipolar hegemony is taking shape in the most diverse countries and societies. Its power will only grow with time. It is this force that will determine our future geopolitical reality.
Friends,
Today, we are fighting for a just and free path, first of all for ourselves, for Russia, in order to leave dictate and despotism in the past. I am convinced that countries and peoples understand that a policy based on the exceptionalism of whoever it may be and the suppression of other cultures and peoples is inherently criminal, and that we must close this shameful chapter. The ongoing collapse of Western hegemony is irreversible. And I repeat: things will never be the same.
The battlefield to which destiny and history have called us is a battlefield for our people, for the great historical Russia. (Applause.) For the great historical Russia, for future generations, our children, grandchildren and great-grandchildren. We must protect them against enslavement and monstrous experiments that are designed to cripple their minds and souls.
Today, we are fighting so that it would never occur to anyone that Russia, our people, our language, or our culture can be erased from history. Today, we need a consolidated society, and this consolidation can only be based on sovereignty, freedom, creation, and justice. Our values are humanity, mercy and compassion.
And I want to close with the words of a true patriot Ivan Ilyin: “If I consider Russia my Motherland, that means that I love as a Russian, contemplate and think, sing and speak as a Russian; that I believe in the spiritual strength of the Russian people. Its spirit is my spirit; its destiny is my destiny; its suffering is my grief; and its prosperity is my joy.”
Behind these words stands a glorious spiritual choice, which, for more than a thousand years of Russian statehood, was followed by many generations of our ancestors. Today, we are making this choice; the citizens of the Donetsk and Lugansk people’s republics and the residents of the Zaporozhye and Kherson regions have made this choice. They made the choice to be with their people, to be with their Motherland, to share in its destiny, and to be victorious together with it.
Germany Believes High Explosive Devices Equivalent To “500 Kilograms Of TNT” Used To Destroy Nord Stream
BY TYLER DURDEN
THURSDAY, SEP 29, 2022 – 09:54 AM
Update (0954ET):
German newspaper Der Spiegel reported that German security officials believe “highly effective explosive devices” were used to blow up the Nord Stream pipelines in the Baltic Sea.
According to SPIEGEL information, it was calculated that explosive devices with an effect comparable to that of 500 kilograms of TNT must have been used to destroy the tubes. The seismic signals registered by various measuring stations were also included in the estimate.
The previously unknown estimates support the assumption that only a state actor can be behind the action. So far, the federal government has held back with speculation about the background to the interruption of the pipelines.
There is a lot of speculation that Russia is behind the action. The Russian leadership, however, described the process as international terrorism directed against Russia.
The federal government is hoping for more information from a more detailed examination of the Nord Stream 1 and 2 pipelines, which are interrupted to the north-east and south-east of the Baltic Sea island of Bornholm. In security circles it was said that divers or a remote-controlled robot could possibly assess the damage at the weekend.
In the best-case scenario, one could then draw initial conclusions about the type of explosion under water and the explosives used, according to security circles. However, it is difficult to predict how many traces can still be found. — Der Spiegel
Two powerful underwater explosions were detected on Monday in the same area of sea as the Nord Stream gas leaks, according to the Swedish National Seismic Network.
The monitoring network said the first explosion occurred on Monday at 2:03 a.m. Swedish time with a magnitude of 1.9 on the Richter scale, followed by a second at 7:04 p.m. on the same day with a magnitude of 2.3.
To get an idea of what the bombs had to rip through to damage the tubes, Bloomberg’s Javier Blas shows NS1 and NS2 were inches thick of steel coated with tons of concrete on each section. Blas said each tube is ‘very strong’.
How strong is a Nord Stream pipe? Quite!
The steel pipe itself has a wall of 4.1 centimeters (1.6 inches), and it's coated with another 6-11 cm of steel-reinforced concrete. Each section of the pipe weighs 11 tonnes, which goes to 24-25 tonnes after the concrete is applied. pic.twitter.com/BFYnv36CaF
And now NATO Secretary-General Jens Stoltenberg called the Nord Stream attack “sabotage” and said it would be met with a “determined response.”
* * *
Update (0735ET):
Reuters quoted NATO Secretary-General Jens Stoltenberg on Thursday, saying attacks against EU critical infrastructure would be met with a “determined response.” He called the acts “sabotage. “
“All currently available information indicates that this is the result of deliberate, reckless, and irresponsible acts of sabotage.
“We, as Allies, have committed to prepare for, deter and defend against the coercive use of energy and other hybrid tactics by state and non-state actors. Any deliberate attack against Allies’ critical infrastructure would be met with a united and determined response,” a statement from the North Atlantic Council (NATO) read.
Separately Stoltenberg tweeted:
The sabotage of the Nordstream pipelines is of deep concern. #NATO is committed to deter and defend against hybrid attacks. Any deliberate attack against Allies’ critical infrastructure would be met with a united and determined response. https://t.co/XSiqWK20xF
Stoltenberg nor NATO named the culprit behind the pipeline attacks, though some EU officials have suggested Russia.
There was no mention of how NATO “arrived at its assessment that the damage, which it said has caused substantial environmental fallout and shipping disruptions, resulted from the intentional attack,” WSJ noted.
NATO’s statement is a significant increase in tensions between Russia and the West ahead of Russian President Vladimir Putin’s move to annex parts of eastern Ukraine.
More details on the fourth Nord Stream leak are below.
* * *
Sweden’s coastguard confirmed a new leak was discovered on the damaged Nord Stream pipeline system in the Baltic Sea on Thursday, according to Reuters. Add this to the three other leaks for a grand total of four that have been spewing natural gas into the water since Monday.
“Two of these four are in Sweden’s exclusive economic zone,” coast guard spokesperson Jenny Larsson told Svenska Dagbladet newspaper. He said the other two are situated in the Danish exclusive economic zone.
While neither NS1 nor NS2 was operational during the suspected undersea explosions earlier this week, they were filled with NatGas to Germany, with Denmark estimating the leaks would dissipate by Sunday.
There are two massive gas bubbles on the surface of the Baltic above the damaged pipelines in Sweden’s economic zone. One gas bubble measures a staggering 2,950 feet in diameter, while the other is about 600 feet.
Several EU heads have called the incident “deliberate” and “sabotage,” with Finland stating that only a state actor was capable of the pipeline attack.
The Baltic region is getting more intense by the day as Norway, now Europe’s top natural gas supplier (recently displaced Russia), increased security at energy infrastructure sites, land terminals, and platforms on the Norwegian continental shelf. There were reports of mysterious drones buzzing oil rigs.
The UN Security Council will meet Friday at Russia’s request to review the damage to NS1 and NS2. Russia’s US embassy asked for the meeting as it “insists on the need for a comprehensive and objective examination of the circumstances of the unprecedented attacks on Russian pipelines.”
Reuters said the embassy commented on its Telegram channel that the US attempts to “squeeze out” Russian oil firms from the global energy market through “non-market methods and sanctions.”
The Russian prosecutor’s office told Interfax the Nord Stream incident is being investigated as an “international terrorism” probe.
For now, NS1 appears as if it won’t be operational anytime soon (NS2 was never operational though filled with gas). Before this winter and the reduction in NS1 capacity, the EU received about 40% of its NatGas via pipelines from Russia, a figure that Bloomberg now has around 9%.
Bank Of England Capitulates: Restarts QE Due To “Significant Dysfunction” In Bond Market, “Material Risk” To Financial Stability
BY TYLER DURDEN
WEDNESDAY, SEP 28, 2022 – 11:22 AM
Just a few days ago we wrote that “Something Is About To Break” and prompt a capitulation from one or more central banks, which oddly was met with mockery in the comment gallery. Also, a few weeks ago, we said that we are nearing a moment in time when central banks will do QE and rate hikes at the same time.
Of course, after the bond market logically blow up following this idiocy, the next step is rate hikes and QE at the same time. https://t.co/iaqLh6LByk
Finally, for much of the past year we have said it is only a matter of time before the coming market crash and economic collapse forces central banks everywhere, not just in one or two countries, to pivot as the price of economic collapse and tens of millions unemployed is far, far greater than simply shifting the inflation target from 2% to 3%.
Crude: global recession imminent, central banks won't pivot
Stocks: global recession imminent, central banks will pivot so fast it will make your head spin
And then, just moment ago, we were once again proven right on all three when – with UK 30Y gilt yields having exploded in recent days above 5% in an exponential move that can only be described as the bond market breaking…
… the BOE became the first bank to capitulate on its plans to proceed with QT on Wednesday when the central bank restarted QE in a “temporary and targeted” bond buying operation – which will be as “temporary” as “temporary” inflation was – warning of a “material risk to UK financial stability” if the turmoil in the UK government bond market were to continue. It also raised the prospect of a “tightening of financing conditions and a reduction of the flow of credit to the real economy”, but what it really meant is that QT is over before it even started, and QE is back.
According to the FT, the “break” in the bond market manifested itself in thousands of pension funds have faced urgent demands for additional cash from investment managers in recent days to meet margin calls, after the collapse in UK government bond prices blew a hole in strategies to protect them against inflation and interest-rate risks.
The BoE’s action said its action was designed to restore order. “The Bank will carry out temporary purchases of long-dated UK government bonds from 28 September,” it said. “The purchases will be carried out on whatever scale is necessary to effect this outcome,” it added, saying the Treasury would underwrite any losses.
Spoiler alert: there will be nothing temporary about the return of QE, as the moment the BOE even thinks of ending the bond buying yields will explode right back to where they were. In effect, the BOE just became the first central bank to admit that it is trapped, and the only other option left is to raise inflation targets to 3%, 4% and so on.
And so central banks realized they are trapped. Inflation targets to rise everywhere next https://t.co/1BUL4nwGyZ
The bank’s Financial Policy Committee welcomed the “plans for temporary and targeted purchases in the gilt market on financial stability grounds at an urgent pace”.
The BoE added the action would be “strictly time limited” and came after market participants said there was a “proper shit show” happening in government bond markets.
In response, the UK Treasury said that the Bank of England has “identified a risk from recent dysfunction in gilt markets,” so the Bank will temporarily carry out purchases of long-dated UK government bonds from Sept. 28 in order to restore orderly market conditions, according to an emailed statement.
The Treasury blamed “significant volatility” in “global financial markets” rather than the chancellor’s unfunded tax cuts last week.
“The Chancellor is committed to the Bank of England’s independence. The Government will continue to work closely with the Bank in support of its financial stability and inflation objectives” the Treasury said.
Lots of fluff, but the bottom line is clear: we have long quoted Michael Hartnett who said that “financial markets stop panicking when officials and central banks start panicking”, and this morning the Bank of England was the first bank to panic, and the panic will soon move to every other central bank across the world simply because the cost of tightening is too much.
In response to the BOE’s pivot, 30Y gilts yields dropped by the most on record and it price soared some 16% (!) as the formerly most liquid bond market now trades like a penny stock…
… and while risk assets are still debating what this means – and let us break it down for you: pivot means that central banks can’t take any more pain and will soon do QE and rate hikes at the same time everywhere, eventually ending hiking and starting to cut rates – the bottom line is that this is the beginning of the end for the fiat system which now faces a terminal dilemma: fight inflation and suffer market collapse and economic depression with millions laid off, or push to stabilize social order and employment with higher asset prices, runaway (hyper)inflation be damned.
US plan was always to stop EU buying Russia’s gas 2014 Rice:”You want to change the structure of energy dependence. You want to depend more on the North America energy platform … to have pipelines that don’t go through Ukraine & Russia” https://youtube.com/watch?v=aF0uYIjaTNE
Europe’s, and especially Germany’s industry, depends on cheap energy from Russia. Without it Europe will be de-industrialized and go broke.
The U.S. had threatened to disable the pipelines connecting Europe to Russia.
Pres. Biden: “If Russia invades…then there will be no longer a Nord Stream 2. We will bring an end to it.” Reporter: “But how will you do that, exactly, since…the project is in Germany’s control?” Biden: “I promise you, we will be able to do that.” abcn.ws/3B5SScx
Russia has no motive to destroy the pipelines it owns. These are valuable, long term assets and the gas that escaped from them yesterday was on its own worth some $600 to $800 million.
During the war in Ukraine Russia has not stopped to deliver gas to Europe as contractually agreed. Instead European countries, Poland, Ukraine and Germany have blocked overland and sub sea pipelines that brought gas to Germany.
German people have protested against the U.S. ordered shut down of the Nord Stream II pipeline. (Nord Stream I was recently offline because Siemens was prevented by sanctions from maintaining its compressor turbines.)
Thousands of people in Gera in Germany against Olaf Scholz’s policy and the explosion of energy and gas prices. They demand an end to sanctions on Russia and the reopening of the Nord Stream 2 gas pipeline. Demonstrations also in other German cities but EU media censors them. Embedded video
A day after the protests the pipelines were sabotaged:
HERE IT IS Footage from the site of a gas leak on the underwater section of the Nord Stream. The video was published by the Danish military. Earlier, the Kremlin said that it was most likely about sabotage. The same opinion was expressed in the German government. Embedded video
Yesterday’s attack on the Nord Stream system is not unprecedented:
In 2015, the annual routine underwater survey of the Nord Stream 1 pipelines came across a remote operated vehicle rigged with explosives right next to one of the lines in Swedish waters. The umbilical cable had been cut. The drone’s national origin was never disclosed. 🧵
[T]he Swedish military has successfully cleared a remote operated vehicle (drone) rigged with explosives found near Line 2 of the Nord Stream Natural Gas offshore pipeline system.
The vehicle was discovered during a routine survey operation as part of the annual integrity assessment of the Nord Stream pipeline. Since it was within the Swedish Exclusive Economic Zone (EEZ) approximately 120 km away from the island of Gotland, the Swedes called on their armed forces to remove and ultimately disarm the object. … The national identity of the drone has not been verified so far, as many countries use Unmanned Underwater Vehicles (UUVs) of a similar construction, [Jesper Stolpe, Swedish Armed Forces spokesman,] said.
To destroy a sub sea pipeline requires more than a ROV/drone delivered shaped charge.
How strong is a Nord Stream pipe? Quite! The steel pipe itself has a wall of 4.1 centimeters (1.6 inches), and it’s coated with another 6-11 cm of steel-reinforced concrete. Each section of the pipe weighs 11 tonnes, which goes to 24-25 tonnes after the concrete is applied.
A Swedish seismologist said on Tuesday he was certain the seismic activity detected at the site of the Nord Stream pipeline gas leaks in the Baltic Sea was caused by explosions and not earthquakes nor landslides.
Bjorn Lund, seismologist at the Swedish National Seismic Network at Uppsala University, said seismic data gathered by him and Nordic colleagues showed that the explosions took place in the water and not in the rock under the seabed.
“BALTOPS, with the high degree of complexity, tested our collective readiness and adaptability, while also highlighting the strength of our Alliance and resolve in providing a maritime domain with freedom of navigation for all,” said Vice Adm. Gene Black, commander, U.S. Sixth Fleet and Naval Striking and Support Forces NATO (STRIKFORNATO).
Led by U.S. Sixth Fleet, BALTOPS 22 was command and controlled by STRIKFORNATO. From the staff’s headquarters in Oeiras, Portugal, Rear Adm. James Morley, STRIKFORNATO deputy commander, was responsible for ensuring participants met all training objectives. … [Rear Adm. John Menoni, commander, Expeditionary Strike Group Two,] also noted several instances in which forces stepped beyond know warfare methods to push limits with new technologies at sea and ashore. “Whether it was mine-hunting UUVs, persistent Intelligence, Surveillance, and Reconnaissance from an observable UAV, or demonstrating the value of the emerging Marine Corps concept of Expeditionary Advance Base Operations (EABO), our men and women continue to develop the tactics, techniques, and procedures that ultimately make meaningful contributions to Maritime Domain Awareness and increase the lethality of our forces.”
At sea, ships fine-tuned tactical maneuvering, anti-submarine warfare, live-fire training, mine countermeasures operations, and replenishments at sea. The Swedish submarine participating in the exercise, the U.K.’s Daring-class air-defense destroyer HMS Defender (D 36), and aircraft from other participating nations trained in anti-submarine warfare. Meanwhile, mine operations served as an ideal area of focus for testing new technology.
Scientists from five nations brought the latest advancements in Unmanned Underwater Vehicle (UUV) mine hunting technology to the Baltic Sea to demonstrate the vehicle’s effectiveness in operational scenarios. The BALTOPS Mine Counter Measure Task Group ventured throughout the Baltic region practicing ordnance location, exploitation, and disarming in critical maritime chokepoints.
While the Baltops 22 maneuver already took place in June and July of this year the U.S. Sixth Fleet left the Baltic Sea only a few days ago (in German, my translation):
Big Fleet Group From U.S. Navy Passes [German island passage] Fehmanbelt
On Wednesday morning the amphibious assault ship USS Kearsarge, escorted by the Landing Ships USS Arlington and USS Gunston Hall, was en route towards west. Previously, the ships were part of US units that took part in NATO maneuvers and called at numerous ports in Germany, Scandinavia and the Baltic States.
The “USS Kearsarge”, flagship of the association and largest warship of the US Navy, which was in action in the Baltic Sea in the last 30 years, has 40 helicopters and fighter planes as well as more than 2000 soldiers on board, the escort ships about 1000. For the around 4,000 soldiers are heading back home on the east coast of the US after their six-month deployment.
A significant focus of BALTOPS every year is the demonstration of NATO mine hunting capabilities, and this year the U.S. Navy continues to use the exercise as an opportunity to test emerging technology, U.S. Naval Forces Europe-Africa Public Affairs said June 14.
In support of BALTOPS, U.S. Navy 6th Fleet partnered with U.S. Navy research and warfare centers to bring the latest advancements in unmanned underwater vehicle mine hunting technology to the Baltic Sea to demonstrate the vehicle’s effectiveness in operational scenarios.
Experimentation was conducted off the coast of Bornholm, Denmark, with participants from Naval Information Warfare Center Pacific, Naval Undersea Warfare Center Newport, and Mine Warfare Readiness and Effectiveness Measuring all under the direction of U.S. 6th Fleet Task Force 68.
Off the coast of Bornholm, Denmark, is where the pipelines were hit. Just days ago the USS Kearsarge was in that area:
An expeditionary detachment of US Navy ships led by the universal amphibious assault ship USS Kearsarge days ago was in the Baltic Sea It was 30 km from the site of the alleged sabotage on the Nord Stream-1 gas pipeline and 50 km from the threads of Nord Stream-2 gas pipeline
On September 2, interesting maneuvers performed by an American helicopter with the call sign FFAB123. Then it was assumed that this board was from the USS Kearsarge air wing, and today more details were looked.
According to the website ads-b.nl , this call sign was used by 6 boards that day, of which we managed to establish the side numbers of three. All of them are Sikorsky MH-60S.
By superimposing the FFAB123 route on the scheme of yesterday’s accident, we get a rather interesting result — the helicopter either flew along the Nord Stream-2 highway, or even between the points where the accident occurred.
On Twitter, meanwhile, there were screenshots of other flights of American aviation — the following screenshot was taken on September 13.
The MH-60S carries big electromagnetic sensors which allows it to detect submarines, mines and – in the shallow waters of the Baltic Sea – sub sea pipelines.
The U.S. military is not the only force that was near the area of the pipeline damage. Just a 100 kilometer south is the Polish naval base Kolobrzeg (the former German Kolberg) which harbors mine laying ships and the 8th Kołobrzeg Naval Combat Engineer Battalion. Naval combat engineers are experts in blowing up anything that is under water, be it mines or pipelines.
Gdy Wy mycie zęby, przebieracie się w piżamy i szykujecie do snu, jeden niestrudzony Polak wyrusza w swoją łodzią w kierunku Bornholmu mając na sercu dobro Polski a może i Niemiec …
Translated from Polish by Google When you brush your teeth, put on your pajamas and get ready to go to sleep, one tireless Pole sets off in his boat towards Bornholm with the good of Poland and maybe Germany at heart … Image
During the recent Ukraine crisis Poland has rejected to receive Russian gas. It closed the Yamal pipeline that transports natural gas from Russia to Germany. Poland continued to consume Russia gas. It received it from Germany which had received it through the Nord Stream I pipeline from Russia.
Poland and Denmark have build a new sub sea pipeline which connects it to the pipeline that brings Norwegian gas to the Netherlands and Europe.
🎥The launching ceremony of the #BalticPipe gas pipeline with participation of PM @MorawieckiM , PM of Denmark Mette Frederiksen & @prezydentpl @AndrzejDuda. The Baltic Pipe is a strategic infrastructure project aimed at creating a new gas supply corridor on the European market. Video
The Baltic Pipe has a capacity of only 10 billion cubic meters per year. The Nord Stream system could carry up to 110 cubic meter per year. All of which is needed to keep Europe’s industries running.
The explosions at Bornholm are the new Polish strike for war in Europe against Chancellor Olaf Scholz. So far the Chancellery in Berlin is silent, tellingly.
The Poles should be reminded that other countries also have the capabilities to sabotage sub sea pipelines.
Radosław Sikorski is a former Minister of Defense and Foreign Minister of Poland. He is now a Member of the European Parliament. Yesterday he posted a picture of the gas escaping the damaged Nord Stream pipelines and thanked the U.S. for blowing them up.
In 2014 during the Maidan coup in Ukraine another notorious neoconservative, Assistant Secretary of State Victoria Nuland, told the U.S. ambassador to Ukraine, Geoffrey Pyatt, who should become the new prime minister of the Ukraine. She famously expressed her opinion about European concerns: “Fuck the EU” Nuland said. She is currently the U.S. Under Secretary of State for Political Affairs.
Over the last decades Germany has financed the Euro zone with up to 1.24 trillion Euros. (See also this thread). This was possible because Germany was exporting lots of industrial products and had a yearly surplus from its trade. With Germany’s industry going down because a lack of cheap energy that surplus will vanish. Europe, all of it, will become a poor continent.
9/ The European energy war will likely go down in history, together with the Treaty of Versailles and the trade wars of the 1930s, as one of the biggest economic policy errors in history.
10/ Another thing: when Trump was elected on a platform of milder protectionism, many people rightly pointed to the 1920s and 1930s and warned against these policies. These same people appear to have supported these much more 1920s/30s-like policies this past year. Ironic.
This reminds of President Joe Biden’s warning of a Russian invasion in Ukraine early this year.
It is easy to predict such events when you are the one who intends to cause them.
The U.S. knew that the Ukraine was going to launch an attack on the Donbas republics. The U.S. knew that Russia would intervene to help its brethren. Russia had said so. The Ukrainian attack started with artillery preparations on February 17. Russia intervened on February 24.
The above is a collection of the currently available facts. You can draw your own conclusions from them.
Marine Corps vehicles assigned to the 22nd Marine Expeditionary Unit (MEU) line up for an agricultural washdown outside the San Antonio-class amphibious transport dock ship USS Arlington (LPD-24) during a scheduled port visit to Klaipeda, Lithuania, Sept. 15, 2022. US Navy Photo
Marine Corps vehicles assigned to the 22nd Marine Expeditionary Unit (MEU) line up for an agricultural washdown outside the San Antonio-class amphibious transport dock ship USS Arlington (LPD-24) during a scheduled port visit to Klaipeda, Lithuania, Sept. 15, 2022. US Navy Photo
The Kearsarge Amphibious Ready Group (ARG) and the 22nd Marine Expeditionary Unit (MEU) have been operating in the Baltic Sea. The ARG includes USS Kearsarge (LHD-3), USS Arlington (LPD-24) and USS Gunston Hall (LSD-44). Kearsarge and Gunston Hall arrived in Gdynia and Gdansk, respectively, on Sept. 14.
The 22nd Marine Expeditionary Unit is based in North Carolina and includes the command element; the aviation combat element, Marine Medium Tiltrotor Squadron, 263 (Reinforced); the ground combat element, Battalion Landing Team 2/6; and the logistics combat element, Combat Logistics Battalion 26.
The Kearsarge ARG is commanded by Amphibious Squadron Six. Other Navy units in the ARG include Fleet Surgical Team 2, Tactical Air Control Squadron 22, Helicopter Sea Combat Squadron 28, Assault Craft Unit 2, Assault Craft Unit 4, Naval Beach Group 2 and Beach Master Unit 2.
Remember: the US is the only country with the ability to dive to 4900 FT depth and conduct sabotage operations. This subsea technology employs the DSRV or the newer Pressurized Rescue Module (PRM) FALCON carrying SEAL/EOD teams riding to the site aboard a US fast attack nuclear submarine and diving down to the target.
But most of the Baltic is not that deep. The average depth in the vicinity of the breaks (western Baltic) is under 200 meters.
Well within the capabilities of any naval power – US, UK, Poland, and even Ukraine.
The Nord Stream gas pipeline system endured “unprecedented” damage to three offshore lines on the bed of the Baltic Sea in one day, Nord Stream AG, the network’s operator, said on Tuesday.
The AG said it was impossible to estimate when the gas network system’s working capability would be restored.
“The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented. It is not yet possible to estimate the timing of the restoration of the gas transport infrastructure,” the operator told reporters.
Nord Stream 1 features two parallel lines with a nominal capacity of 27.5 billion cubic meters per year each and started supplying gas directly from Russia to Germany in 2011.
FILE- The Nord Stream gas pipeline system endured “unprecedented” damage to three offshore lines in one day, Nord Stream AG, the network’s operator, said on Tuesday. (Stefan Sauer/picture alliance via Getty Images / Getty Images)
Flows through the pipeline, which had been working at just 20% capacity since July, were stopped at the end of August and were not resumed after maintenance was finished.
Russia attributes the problem to faulty equipment at a key compressor station and Western sanctions over its war against Ukraine.
FILE- The AG said it was impossible to estimate when the gas network system’s working capability would be restored. (AP Photo/Markus Schreiber / AP Newsroom)
Nord Stream 2 runs almost parallel to Nord Stream 1. Nord Stream 2 was built in September 2021 but was never launched because Germany would not certify it. The project was stopped altogether just days ahead of Russia’s invasion of Ukraine on February 24.
The damaged lines come after ships were directed on Monday to steer clear of a five nautical mile radius off the island of Bornholm following an overnight gas leak from the defunct Russian Nord Stream 2 pipeline that had drained into the Baltic Sea, followed by Sweden’s Maritime Authority issuing a warning about two leaks in the Nord Stream 1 pipeline.
FILE- The operator said the “destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented.” (AP Photo/Michael Sohn, File / AP Newsroom)
The operator of the Nord Stream 1 pipeline also said Monday that a pressure drop had occurred on both lines of the gas pipeline.
Per Bloomberg, the leaks on the Nord Stream pipelines are forming an area of natural gas bubbles in the Baltic Sea, a video released by the Danish army on its website showed.
ust as last week ended, with a relentless meltup in the exponentially rising US dollar, coupled with a collapse in cable, the yen, yuan, euro and so on, not to mention stocks and bonds, so the new week begins only this time the moves are even faster, even more brutal and even more acute, as we approach the breaking point.
Case in point, after starting modestly higher, the meltup in the dollar accelerated, as the Bloomberg dollar index exploded to new all time highs…
… facilitated by a yen whose plunge made a mockery of Thursday’s multi-billion BOJ intervention…
… and is forcing Kuroda to sell even more tens of billions of US Treasurys, to cash into USDs which he will then sell for yen, in the process pushing up 10Y yields even higher, creating a toxic feedback loop of higher yields and an even higher dollar, sending yields higher and the dollar even higher.
But the imminent conclusion of Japan’s MMT experiment notwithstanding, the real highlight of the session so far has been the total collapse in sterling, whose implosion after Friday’s mini budget has accelerated and moments ago cable flash crashed to a new all time low of 1.0350, below the previous record low set in early 1985, and just millimeters away from parity as every single stop was taking out to the downside. .
And since there is nothing at all to contain the now exponential move in the USD, now that the entire world is facing one massive, $20 trillion short squeeze in USD-denominated debt…
… expect an emergency central bank meeting this week where panicking officials do everything they can to contain the dollar and to undo the tremendous damage the Powell Fed has unleashed on the world. Because in the end, it’s always the same.
Econophysics2020 
