that Counterpunch once stood up to TPTB.

After the USSR broke up Clinton helped Yeltsin get elected president so that he would open the country to privatization and let Russian and foreign oligarchs steal everything that wasn’t nailed down. Putin put a stop to their actions and the neocons never forgave him for it.

But now they are trying to not only do it again, but make sure that the European poodles don’t make deals with Russia and cut the neocons out of becoming their own countries.

Michael Hudson has been writing about this and his recent essay goes even further.

Let’s jump straight into the fray. Hudson begins with an analysis of the “take the money and run” ethos, complete with de-industrialization, as 90 percent of US corporate revenue is “used to share buybacks and dividend payouts to support company stock prices.”

That represents the apex of “Finance Capitalism’s” political strategy: to “capture the public sector and shift monetary and banking power” to Wall Street, the City of London and other western financial centers.

The whole Global South will easily recognize the imperial modus operandi:

“The strategy of US military and financial imperialism is to install client oligarchies and dictatorships, and arm-twist allies to join the fight against designated adversaries by subsidizing not only the empire’s costs of war-making (“defense”) but even the imperial nation’s domestic spending programs.”

This is the antithesis of the multipolar world advocated by Russia and China.

In short, our current Cold War 2.0 “is basically being waged by US-centered finance capitalism backing rentier oligarchies against nations seeking to build up more widespread self-reliance and domestic prosperity.”

Hudson presciently reminds us of Aristotle, who would say that it is in the interest of financiers to wield their power against society at large: “The financial class historically has been the major beneficiary of empires by acting as collection agents.”

So inevitably the major imperial leverage over the world, a true “strategy of underdevelopment,” had to be financial: instrumentalizing IMF pressure to “turn public infrastructure into privatized monopolies, and reversing 20th century pro-labor reforms” via those notorious ‘conditionalities’ for loans.

Worth a full read.

After Obama’s brutal coup in Ukraine and Russia took possession of Crimea they were hit with lots of sanctions that hurt Russia’s economy and that was when they started making the things that the sanctions forbade and started working with China on a monetary system that bypassed the dollar. And then Biden’s puppet masters stole $300 billion from Russia just after they stole $800 billion from Afghanistan and that was the last straw for not only Russia, but China and many other countries. This will eventually crash the dollar and good lord I hope I’m dead by then.

Kim dot com also has a nightmarish essay on how high our debt is and how it’s unsustainable and what could happen when it crashes.

I wonder what Obama’s goals were when he overthrew the Ukraine president. Was this plan in his thoughts when he did it or are the Biden neocons just taking advantage of Russia’s actions? I think he did or it was cooked up just after Russia started building NS2 so Germany could get cheaper gas from them.

Yeah thanks for posting this article. I doubt counter punch would post it today because it seems to have sold out after the former owner died. I haven’t looked at it in months and rarely read much of it. Russia Russia sure did a job on people’s brains.

Their all in cahoots. 60 votes my ass. The fact that they won't get rid of this insane revision of a majority due to procedural rules says it all.