Dr. Doom Confirms WWIII

It’s rather intriguing to observe that economist Nouriel Roubini, the man who most famously predicted the financial crisis of 2008 – as did Steve Keen and I – is now also in agreement with me that WWIII has already begun and that the global economy is going to bifurcate:

Last week, the New York University professor was interviewed by Der Spiegel and listed some of the world’s most acute problems.

Recalling a recent event hosted by the International Monetary Fund, he referred to historian Niall Ferguson who “said in a speech there that we would be lucky if we got an economic crisis like in the 1970s — and not a war like in the 1940s.”

When speaking about major global threats, Roubini mentioned the ongoing conflict between Russia and Ukraine, adding that Iran and Israel are “on a collision course” as well.

“I read that the Biden administration expects China to attack Taiwan sooner rather than later,” the economist said, summarizing that “World War III has already effectively begun.”

The rivalry between Washington and Beijing is driving tension to a large degree, Roubini noted, adding that the US has banned the export of certain semiconductors to China and is pressuring European nations into cutting trade ties with the country on national security grounds. He believes that a breakup of the globalized world is looming.

“Trade, finance, technology, internet: Everything will split in two,” he predicted.

It was not clear if non-allied nations would pick the US side in the confrontation, he said. “I asked the president of an African country why he gets 5G technology from China and not from the West. He told me, we are a small country, so someone will spy on us anyway. Then, I might as well take the Chinese technology, it’s cheaper,” the economist revealed to Der Spiegel.

There simply isn’t any reason for any self-interested third party to choose the side of what Vladimir Putin describes as the Second West. Unlike the USA, which has been attacking countries, undermining their currencies, and murdering their leaders for decades, the Chinese are mostly content to simply do business with other countries. And while that may change, and the massive Chinese diaspora is not exactly popular in countries such as Indonesia, Australia, and Canada, the fact is that the Chinese track record concerning foreign relations is considerably better than that of the USA or of its representative in Asia, Japan.

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Australia is the New Ukraine

The US appears hell-bent on making sure that the Chinese are incentivized to not only take Taiwan, but attack Australia as well.

The US military has devised a plan which would see nuclear-capable B-52 strategic bombers deployed in Australia on long-term rotational missions, and turn the country’s Northern Territory into a crucial military hub in Washington’s standoff with Beijing, the national broadcaster reported on Monday.

The Pentagon reportedly seeks to build a “squadron operations facility,” which would include a maintenance center and enough parking area for six B-52s at the Royal Australian Air Force military air base Tindal, according to ABC’s Four Corners investigative program.

The air base expansion could cost up to $100 million and is expected to be finished in late 2026. The new facilities are “required to support strategic operations and to run multiple 15-day training exercises during the Northern Territory dry season for deployed B-52 squadrons,” the report said, citing US documents.

An “enhanced air cooperation” between Australia and the US was discussed during last year’s AUSMIN ministerial meetings, but while the sides agreed on “rotational deployment of US aircraft of all types,” there was no official confirmation of plans to deploy B-52s at Tindal.

“The ability to deploy US Air Force bombers to Australia sends a strong message to adversaries about our ability to project lethal air power,” the US Air Force reportedly told the program.

To say that the US military is behaving in an overtly provocative manner would be an understatement. It’s not at all unreasonable to wonder if the predominantly foreign elite dictating the US military’s actions in Europe and Asia are pursuing this course of action, not because they are crazy or stupid, but in order to ensure the destruction of the US military.

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War and the Two Wests

Vladimir Putin makes it clear that he is not the enemy of Americans or Europeans, but rather, of the neoliberal, mercantile and cosmopolitan elite that rules over them and seeks to heal the world by ruling it.

The so-called West which is, of course, a theoretical construct since it is not united and clearly is a highly complex conglomerate, but I will still say that the West has taken a number of steps in recent years and especially in recent months that are designed to escalate the situation. As a matter of fact, they always seek to aggravate matters, which is nothing new, either. This includes the stoking of war in Ukraine, the provocations around Taiwan, and the destabilisation of the global food and energy markets. To be sure, the latter was, of course, not done on purpose, there is no doubt about it. The destabilisation of the energy market resulted from a number of systemic missteps made by the Western authorities that I mentioned above. As we can see now, the situation was further aggravated by the destruction of the pan-European gas pipelines. This is something otherworldly altogether, but we are nevertheless witnessing these sad developments.

Global power is exactly what the so-called West has at stake in its game. But this game is certainly dangerous, bloody and, I would say, dirty. It denies the sovereignty of countries and peoples, their identity and uniqueness, and tramples upon other states’ interests. In any case, even if denial is the not the word used, they are doing it in real life. No one, except those who create these rules I have mentioned is entitled to retain their identity: everyone else must comply with these rules…

This brings me to the key point all of us have gathered here for. Is it not equally important to maintain cultural, social, political and civilisational diversity?

At the same time, the smoothing out and erasure of all and any differences is essentially what the modern West is all about. What stands behind this? First of all, it is the decaying creative potential of the West and a desire to restrain and block the free development of other civilisations.

There is also an openly mercantile interest, of course. By imposing their values, consumption habits and standardisation on others, our opponents – I will be careful with words – are trying to expand markets for their products. The goal on this track is, ultimately, very primitive. It is notable that the West proclaims the universal value of its culture and worldview. Even if they do not say so openly, which they actually often do, they behave as if this is so, that it is a fact of life, and the policy they pursue is designed to show that these values must be unconditionally accepted by all other members of the international community…

It is simply necessary to understand clearly that, as I have already said before, two Wests – at least two and maybe more but two at least – the West of traditional, primarily Christian values, freedom, patriotism, great culture and now Islamic values as well – a substantial part of the population in many Western countries follows Islam. This West is close to us in something. We share with it common, even ancient roots. But there is also a different West – aggressive, cosmopolitan, and neocolonial. It is acting as a tool of neoliberal elites. Naturally, Russia will never reconcile itself to the dictates of this West.

I suspect the neoliberal lords of the Second West will find it rather easier to cancel Kanye West than the man with the finger on the trigger of the world’s largest arsenal of nuclear weapons. This is not a man who doesn’t understand exactly “who, in fact, is at the helm of the world, who runs it, and whether the world is amenable to being run at all.” And it is also clear that Vladimir Putin is a man who understands that his nation’s war with the Second West is not entirely one of this world.

On a very related note, even the globalist media is belatedly beginning to realize that the Second West’s geostrategic position is nowhere nearly as strong as they previously believed.

Our familiar system of global political and economic alliances is shifting, and nothing has made this change clearer than the varied reactions to Russia’s invasion of Ukraine. While the United States and its closest allies in Europe and Asia have imposed tough economic sanctions on Moscow, 87 percent of the world’s population has declined to follow us. Economic sanctions have united our adversaries in shared resistance. Less predictably, the outbreak of Cold War II, has also led countries that were once partners or non-aligned to become increasingly multi-aligned.

History never ended, but the neoliberal rules-based “New” world order is observably in trouble.

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Signs of a Winter Offensive

Col. Douglas Macgregor observes an ongoing buildup of Russian forces that suggests a winter offensive is planned.

The stupefying air of self-righteousness the Biden administration assumes when it attacks erstwhile strategic partners such as Saudi Arabia or delivers moralizing lectures to Beijing’s leadership, or when its media surrogates express contempt for the Russian state, is downright dangerous. Political figures in Washington are ready to indulge any transgression if it is committed in the name of destroying Russia. They do not view U.S. foreign policy in the context of a larger strategy, nor do they comprehend Russia’s capacity to hurt the United States, a bizarre judgment of Russia’s actual military and economic potential.

The ongoing buildup of 700,000 Russian forces with modern equipment in Western Russia, Eastern Ukraine and Belorussia is a direct consequence of Moscow’s decision to adopt an elastic, strategic defense of the territories it seized in the opening months of the war. It was a wise, though politically unpopular choice in Russia. Yet, the strategy has succeeded. Ukrainian losses have been catastrophic and by November, Russian Forces will be in a position to strike a knockout blow.

Today, there are rumors in the media that Kiev may be under pressure to launch more counterattacks against Russian defenses in Kherson (Southern Ukraine) before the midterm elections in November. At this point, expending what little remains of Ukraine’s life blood to expel Russian forces from Ukraine is hardly synonymous with the preservation of the Ukrainian state. It’s also doubtful that further sacrifices by Ukrainians will assist the Biden administration in the midterm elections.

The truth is Moscow’s redline concerning Ukrainian entry into NATO was always real. Eastern Ukraine and Crimea were always predominantly Russian in language, culture, history, and political orientation. Europe’s descent into economic oblivion this winter is also real, as is support for Russia’s cause in China and India and Moscow’s rising military strength.

Remember, the globalist media operates in terms of a) daily and b) weekly news cycles. As such, they are completely incapable of correctly analyzing events that take months to unfold. While its “Ukraine is Winning” Narrative is obviously false and openly mocked, the full extent to which it is untrue will not be understood until the winter offensive is well underway.

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How We Got Here

Don’t blame it on the goose, blame it on Big Ben Bernanke.

As the Chairman of the Federal Reserve from 2006-2014, he decided in the aftermath of the Global Financial Crisis that the banking system had to be saved, by any means necessary. To finance the massive losses – which were over $10 trillion in the U.S. alone – the world’s central banks began printing money and buying government bonds to finance massive bailouts.

Like squirrels watching a bank robbery, the members of the Nobel Committee – which recently awarded Bernanke the prize in economics – saw everything that happened and knew nothing about what it meant.

Printing money doesn’t cure economic problems: it simply skews who pays for them.

Printing trillions to paper over the financial system’s losses moved the egregious errors of Bank of America, Bear Stearns, Lehman Brothers, Goldman Sachs, AIG, Fannie Mae and Freddie Mac, General Electric, General Motors and others from their balance sheets, onto the balance sheet of the U.S. Treasury and the Federal Reserve.

Morally these actions are repugnant – much like requiring that taxpayers finance hundreds of billions’ worth of second-rate college educations for 10 million lazy, underachieving students – but on a vastly bigger scale.

The real problem isn’t financial. Printing money changes societies by giving the government virtually unlimited amounts of power. That warps the ambitions of politicians and gives socialists unlimited budgets. People soon believe every problem can be solved by the government and the printing press. Trade-offs are no longer required. Costs are no longer relevant. In this kind of environment, no problem is too big to solve through politics and the central bank. And if there isn’t a crisis, then one will soon be invented.

And, sure enough, as soon as the U.S. central bank began to sell assets and return to “normal” policies in 2018 and 2019, a new, even bigger crisis was “found.”

A novel coronavirus. Never mind that coronaviruses appear all the time and that most people will get and survive the flu a half dozen times in their lives… this time the world went completely nuts.

Everything was shut down for two years – except politics. Trillions were spent on vaccines – vaccines that don’t prevent you from getting Covid or from transmitting Covid. It was definitely a government vaccine: it cost trillions, everyone was forced to use it, and it didn’t work.

Nothing else worked during the Covid lockdown either. Kids don’t learn at home. Employees don’t work at home. Flimsy surgical masks don’t prevent you from contracting or spreading Covid – they don’t work, but they were required too. Fauci wore two masks, everywhere. He received four different shots of the “vaccine.” Guess who got Covid anyway?

Worst of all, the government spent unlimited sums of money on things like the ridiculous “paycheck protection program,” which might as well have been called “Fraud on a Federal Scale For You.”

The lie that we could print over the mortgage losses led directly to the lie that wearing a paper mask can stop a virus. Or that a vaccine created in a few weeks and tested only on a handful of people could stop a coronavirus that constantly mutates. With a printing press, there’s no problem that appears too big for the government to handle.

But, much like the “vaccine” and the paper masks, the printing press is just a lie too.

Altogether, the world’s central banks have printed over $25 trillion over the last 12 years.

In the United States, the printing was equal to more than 30% of our GDP. In the Eurozone, the printing was twice as large – over 60% of GDP. In Japan, the printing has been equal to over 100% of GDP.

You can think of these figures as being the size of the mirage we’ve been living in.

Reality looms.

This is why the Sino-Russian alliance is going to win WWIII. They not only have the advantages of population, territory, social stability, and manufacturing capacity, but they also have the advantage of not being hamstrung by completely screwed-up economic systems.

Capitalism has completely and utterly failed, as what presently passes for capitalism is nothing more than a massive credit-fueled Ponzi scheme.

One of the most important historical lessons of warfare: he who can pay his troops wins.

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Bypassing NATO

Retired general and former CIA Director David Petraeus suggests a Coalition of the Suicidally Stupid could attack Russia to get around NATO’s limitations. In winter, no less.

On Saturday in an interview with L’Express from France, David Petraeus stated a “multinational force” led by the US may intervene in Ukraine.

“We are talking about the intervention of the North Atlantic Alliance in the event of an attack on one of the NATO members. But it is necessary to consider the option of using not NATO forces in Ukraine, but multinational forces that have nothing to do with NATO,” Petraeus said. “This is a different situation. There is no need to draw red lines in terms of an attack on any NATO country in order to talk about the operation of the 5th article of the charter. You can also respond to challenges as a multinational force led by the United States,” he added.

David Petraeus was the former general of the American army, commander of the International Assistance and Security Force in Afghanistan between 2010 and 2011 and director of the CIA from 2011 to 2012.

Translation: The European countries in NATO know better than to get into a shooting war with Russia that will almost certainly result in their eventual occupation by Russian forces. So the neocons are casting about for other ways to make use of the US military in their revenge war against Russia while they still have the necessary influence over it.

Furthermore, given all of the trial balloons being floated about Russia’s evil intentions, it’s pretty obvious that a false flag, most likely one involving a crude form of nuclear technology like a so-called “dirty bomb”, is going to be executed in the near future in order to try to whip up public support for a war against Russia in the USA.

It’s probably too much to hope that Americans won’t fall for it this time, especially in light of their reaction to the mass vaccination campaign.

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Chinese Flee Ukraine

It would appear the Special Military Operation in Ukraine is about to transform into actual war between Russia and NATO:

Some Chinese nationals still in Ukraine have signed up for evacuation from the country, with most registering for organized evacuations, while others are preparing to leave Ukraine on their own, the Global Times learned on Sunday, after the Chinese Foreign Ministry urged Chinese citizens to leave Ukraine, citing the grave security situation.

The move, following the large-scale evacuation in March that safely returned some 6,000 Chinese nationals in Ukraine back to their motherland, represents the Chinese government’s greatest efforts to protect its citizens, as the Russia-Ukraine conflict further escalated, experts noted.

In a notice issued on Saturday, the Chinese Foreign Ministry said that given the grave security situation in Ukraine, it calls upon Chinese nationals still in the country to strengthen security precautions and evacuate the country. The Chinese embassy will assist the organization of evacuation for those in need, the notice said, while urging them to register their personal information to the embassy as soon as possible.

Chinese nationals in Ukraine sign up for evacuation after call from FM, Global Times, 16 October 2022

One has to assume that the Russian leadership is keeping its Chinese allies well-informed. And Russia’s warning shots have been uniformly ignored. The only real question at this point is if the Russian forces will limit their attacks to Ukrainian territory or if they will be targeting the NATO forces with whom they are actually at war outside of Ukraine.

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What Comes Next

Pepe Escobar observes that the British Intelligence service IM6 appears to have some idea what is being decided in Moscow:

The Brits had warned Ukrainian President Volodymyr Zelensky and the General Staff that the Russians would be launching a “warning strike” this Monday.

What happened was no “warning strike,” but a massive offensive of over 100 cruise missiles launched “from the air, sea and land,” as Putin noted, against Ukrainian “energy, military command and communications facilities.”

MI6 also noted “the next step” will be the complete destruction of Ukraine’s energy infrastructure. That’s not a “next step:” it’s already happening. Power supply is completely gone in five regions, including Lviv and Kharkov, and there are serious interruptions in other five, including Kiev.

Over 60 percent of Ukrainian power grids are already knocked out. Over 75 percent of internet traffic is gone. Elon Musk’s Starlink netcentric warfare has been “disconnected” by the Ministry of Defense.

Shock’n Awe will likely progress in three stages.

First: Overload of the Ukrainian air defense system (already on).

Second: Plunging Ukraine into the Dark Ages (already in progress).

Third: Destruction of all major military installations (the next wave).

We shall wait and see how events proceed before placing any confidence in the predictions. But they were certainly correct about the “warning strike” on Monday. And we now know that the air defenses in Ukraine are completely unable to offer a significant defense against Russian air strikes, even when warned they are coming.

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What Winning Looks Like

It’s intriguing to observe the constant whiplash between the Kiev regime crowing about its totally conclusive victories over Russia and crying about how Ukraine is about to be wiped off the map.

Multiple missile strikes targeted Ukrainian cities all across the country on Monday morning, according to local officials and media, which attributed the attacks to Russia. This comes two days after a bomb damaged the strategic Crimean Bridge – which Moscow called a Ukrainian terrorist attack.

President Vladimir Zelensky confirmed the attacks throughout the country in a video address, saying numerous parts of Ukraine had come under fire, and claimed that Russia was targeting the energy infrastructure. “They want panic and chaos,” he said.

Local officials in Lviv, Kharkov, and Odessa also reported that their cities came under fire.

“As of 11:00 a.m., 11 important infrastructure facilities in eight regions and Kyiv were damaged in Ukraine. Now some areas are de-energized. We need to be prepared for temporary interruptions in electricity, water supply, and communications.”

  • Denys Shmygal, Prime Minister of Ukraine

“By its actions, the Kiev regime has actually put itself on par with international terrorist formations, with the most odious groups. It is simply impossible to leave crimes of this kind unanswered. This morning, at the suggestion of the Ministry of Defense and according to the plan of the Russian General Staff, a massive strike was carried out with high-precision long-range air, sea and land-based weapons on energy, military administration and communications facilities of Ukraine. If attempts to carry out terrorist attacks on our territory continue, Russia’s responses will be tough and will correspond in scale to the level of threats posed to the Russian Federation.”

  • Vladimir Putin, President of Russia

The missile strike on the LAMEL cosmetics warehouse was particularly informative, being an object lesson in the price of virtue signaling one’s decision to take sides. Western leaders from America to Switzerland would be well-advised to contemplate the significance of that particular strike.

So, it appears we’re entering the “fuck around and find out” phase of the situation in the aftermath of the attacks on the pipelines and the Crimean bridge. However, the soonest a winter offensive would likely begin is November, so unless the Russians have decided it’s not worth waiting for colder weather to get things rolling, this is probably just a prelude of considerably more serious air campaigns to come.

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A Forward and Fragile Defense

The Germany Army has been effectively disarmed:

The German Army has enough ammunition for only one or two days of warfare, the German edition of news website Business Insider (BI) reported on Saturday, citing defense industry and parliamentary sources. According to BI, Berlin is significantly lagging behind the NATO requirement of maintaining stocks for at least 30 days of fighting. It was said that the problem “has been known for years,” as military drills have suffered from insufficient stores.

Stockpiles were further depleted after Germany, together with many other Western countries, began sending weapons and ammunition to Ukraine after Russia launched its military operation in the neighboring state in February. The deliveries included 53,000 rounds for self-propelled anti-aircraft guns, 21.8 million rounds for firearms, and 50 bunker-buster missiles, according to the German government.

The situation with the shortage “will not improve if ammunition is removed from the Bundeswehr stocks, while corresponding orders are not placed on the defense industry at the same time,” Hans Christoph Atzpodien, CEO of the German Security and Defense Industry Association (BDSV), told BI. The outlet’s sources, meanwhile, were quoted as saying that there have been “no significant orders” for defense companies to produce more armaments.

It appears Russia can roll over not only Ukraine and Eastern Europe, but Western Europe as well, if it happens to see fit once the inevitable winter offensive starts.

Duolingo has a Russian option, right?

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