Eurasian Integration, the Anathema of Wall Street and the City of London

President Putin and his advisers clearly understood the West’s intention to use Ukraine as a tool to justify their destruction of the Russian economy. They were expecting more and harsher sanctions against Russia and Belarus, even if no invasion were to take place! According to many observers, Russia can survive new, harsher sanctions, but the effects will be felt much more sharply by continental Europe, especially if it includes canceling the Nord Stream 2 gas pipeline, which many European countries are counting on to deal with energy shortages and soaring prices.

However, Western populations are told that economic hardship is the price that must be paid to defeat Russian aggression. But it would also create a pretext to blame the Kremlin for the financial crash which is coming in any case — caused not by Russia but the systemic collapse of the western financial system.

This gets to the heart of the matter. Not only is it becoming more evident that such a crash cannot be avoided, given the volumes of uncollectable debt outstanding, and the inflation which results from the attempt to cover the debt with central bank monetary expansion, but that an alternative to the neoliberal insanity is emerging in Eurasia, through integration with China’s Belt-and-Road Initiative. The Putin-Xi agreement, while attacked as a military threat, is more frightening to western bankers and financial manipulators as a potential alternative to the imploding City of London/Wall Street dollar-based system.

This is not a new concern for the defenders of the unipolar empire. It was fear of a Eurasian integration with Western European nations at the end of the 19th century — typified by such projects as the Trans-Siberian railroad and the Berlin-to-Baghdad railroad — that was behind the adoption of “geopolitics” as a theory of the empire. It was a strategy to divide Europe against Germany, and it led to two wars in the 20th century. The real target of the geopoliticians was Russian-German cooperation.

Today, the greatest fear driving the war danger is that Germany, perhaps with the support of France, might break out from under the domination of the Anglo-American forces running NATO and the EU, and join with Russia and China in moving to a new financial system, of the type proposed by American economist Lyndon LaRouche, as a New Bretton Woods. The escalating provocations against Russia and China are the direct result of the attempt to prevent this from happening.

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