Wednesday, August 02, 2023

Ruble is Mightier than the Sword

 The West apparently expected to win the war against Russia economically.  After all, that is how the West "won" the Cold War.  However, it has not worked out as expected.  Russia's economy is doing well and the sanctions are failing.  Moreover, the sanctions are boomeranging against the West as the rest of the world is now intensifying efforts to avoid dependence upon the U.S. led empire.

In my opinion, the West has vastly underestimated Russia in this regard. The "gas station masquerading as a country" has turned out to be much more in terms of technology, manufacturing, and diplomacy.


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