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Letter to the Editor on the situation in Ukraine
It has been declared in the media that “73% of Americans favour the introduction of a no fly zone over Ukraine”. Should this happen Russia would inevitably reply. Forcefully, This would lead to World War Three. Should there be another war following on from a war between two nuclear powers this war, in an apocalyptic global scene, would in the words of Albert Einstein “be fought with bows and arrows and sling shots”.
What currently of the never ending issuance of sanctions on Russia? In an interconnected world if you cancel one country out you run the risk of cancelling other countries out which is to say that people everywhere will suffer. The whole chain of food supplies will be broken.
Russian exports cover, as of today, 30% and 40% of oil and gas. Western Europe will be deprived of these essential needs as a result of the sanction programmes. This will mean the deprivation of titanium, vanadium, lithium and aluminium.
Items essential to the automobile sector, the atomic energy sector and the airline industry.
Russia and Ukraine are the first world producers and exporters of wheat and corn to the world at large, Markets in the Maghreb and in Egypt are to be shut down from these productions. This will lead to famine riots and thousands, maybe hundreds of thousands of deaths.
Sanctions and counter sanctions may entirely collapse the Western system which is already near collapse. A shock wave has already begun.
Russian banks have been excluded from the SWIFT interbank payment system and assets from the Russian Central Bank, being frozen, all contracts related to exports of Russian energy and rare metals are going to collapse. The chain of derivatives insurance – each derivative being bought and sold on the markets will be destined to implode.
Russia on its side has decided to take over all Western firms that are banned from trading with Russia.
In the worst case scenario it would be a collapse of the global economy prefaced by a collapse of the dollar system. A prolongation of inflation will firstly lead to prices for virtually everything reaching an all time high with there being one comparable and historic parallel to this situation. The Weimar Republic in Germany.
The literal collapse of the German economy wrought through the impositions of gigantic reparations levied on the German Governments subsequent to the defeat of Germany in the First World War. Reparations which Germany claimed they were unable to pay giving rise to the emergence of overt Nazism and Adolf Hitler. Thence came the Second World War.
A distinctly ominous parallel which should be considered seriously by such authorities capable of, to put it bluntly, hauling us all back from the brink.