by Jose Nino, Big League Politics:
French historian and anthropologist Emmanuel Todd believes that the Russo-Ukrainian conflict could put the United State’s financial status at risk. In an interview with French media outlet Le Figaro, he cited an analyst offered by University of Chicago Professor John Mearsheimer, who contended that this conflict was “existential” for Russia. On the other hand, for the US, the Russo-Ukrainian conflict is just another geopolitical struggle that it could exploit to its heart content. In reality, this conflict would be of little importance to the US.
TRUTH LIVES on at https://sgtreport.tv/
“But this analysis is insufficient. [U.S. President Joe] Biden now has to hurry. America is fragile and the Russian economy’s resistance is pushing the US imperial system towards the abyss. Nobody had expected the Russian economy would be able to withstand the ‘economic power’ of NATO,” Todd stated.
Todd believes that the United States is in a state of long-term decline and now that its power is diminishing on the world stage, the US has opted to cement its hold over its “original protectorates” in Europe and Japan. The US incorporated these regions into its influence network after World War II.
However, with Europe’s economy imploding and the emerging geopolitical multipolarity, the US’s vaunted position as an economic hegemon could be under threat.
“If the Russian economy offers long-term resistance to sanctions and manages to bleed the European economy white and manages to survive with Chinese support, US monetary control of the world will collapse, and with it, the US’ ability to finance its mammoth trade deficit for next to nothing. This war has become existential for the United States. It cannot get out of the conflict before Russia. They cannot let go. This explains why we are now in an open-ended war, in a confrontation that is bound to result in the collapse of one side or the other,” Todd stated.
Todd stated that the Russo-Ukrainian conflict “leads to a real economy that allows for gauging the real wealth of states and their productive capacity.” The economist cited a two-fold increase in Russia’s wheat production following the first round of sanctions enacted in 2014 in the aftermath of the Euromaidan Revolution, in addition to Russia’s premier position as a builder of civilian nuclear power both at home and abroad as factors demonstrating Russia’s economic resilience in the face of Western sanctions.
Read More @ BigLeaguePolitics.com
