U.S. diplomacy has rubbed Europe’s nose in its abject subservience by telling its governments to have their companies dump their Russian assets for pennies on the dollar after Russia’s foreign reserves were blocked and the ruble’s exchange rate plunged. Blackstone, Goldman Sachs and other U.S. investors moved quickly to buy up what Shell Oil and other foreign companies were unloading.
There already is a striking disconnect between the financial sector’s view of reality and that promoted in the mainstream NATO media. Europe’s stock markets plunged at their opening on Monday, March 7, while Brent oil soared to $130 a barrel. The BBC’s morning “Today” news broadcast featured Conservative MP Alan Duncan, an oil trader, warning that the near doubling of prices in natural gas futures threatened to bankrupt companies committed to supplying gas to Europe at the old rates. But returning to the military “Two Minutes of Hate” news, the BBC kept applauding the brave Ukrainian fighters and NATO politicians urging more military support. In New York, the Dow Jones Industrial Average plunged 650 points, and gold soared to over $2,000 an ounce – reflecting the financial sector’s view of how the U.S. game is likely to play out. Nickel prices rose by even more – 40 percent.The American Empire self-destructs. But nobody thought that it would happen this fast | The Vineyard of the Saker