With the active help from Europe’s ‘leadership’ the U.S. is succeeding in ruining Europe.
As Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, wrote in early February, before Russia’s intervention in Ukraine:
America no longer has the monetary power and seemingly chronic trade and balance-of-payments surplus that enabled it to draw up the world’s trade and investment rules in 1944-45. The threat to U.S. dominance is that China, Russia and Mackinder’s Eurasian World Island heartland are offering better trade and investment opportunities than are available from the United States with its increasingly desperate demand for sacrifices from its NATO and other allies.The most glaring example is the U.S. drive to block Germany from authorizing the Nord Stream 2 pipeline to obtain Russian gas for the coming cold weather. Angela Merkel agreed with Donald Trump to spend $1 billion building a new LNG port to become more dependent on highly priced U.S. LNG. (The plan was cancelled after the U.S. and German elections changed both leaders.) But Germany has no other way of heating many of its houses and office buildings (or supplying its fertilizer companies) than with Russian gas.
The only way left for U.S. diplomats to block European purchases is to goad Russia into a military response and then claim that avenging this response outweighs any purely national economic interest. As hawkish Under-Secretary of State for Political Affairs, Victoria Nuland, explained in a State Department press briefing on January 27: “If Russia invades Ukraine one way or another Nord Stream 2 will not move forward.” The problem is to create a suitably offensive incident and depict Russia as the aggressor.
In mid February OSCE observer noted that the artillery bombardment of Donbas by the Ukrainians increased from a handful to over 2,000 explosions per day. Russia reacted to these attack preparations by recognizing the Donbas republics, signing defense agreements with them and by finally coming to their help.
Shortly after the launch of the Russian military operation Professor Hudson further developed his earlier thoughts:…