Thursday, June 16, 2022

Just pick up the phone.

"Already, two discussions are occurring: one about financing economic reconstruction, and the other about affirming Ukraine's security," Prof Barry Eichengreen. For us in India, it seems incomprehensible that the US can imagine and spend many billions of dollars on the concept of "mutual assured destruction (MAD), principle of deterrence founded on the notion that a nuclear attack by one superpower would be met with an overwhelming  nuclear counterattack such that both the attacker and the defender would be annihilated," Britannica. US Secretary of Defense Robert McNamara had proposed a counterforce or "no cities" strategy, But "In 1965 McNamara instead proposed a countervalue doctrine that expressly targeted Soviet cities." Why can they think of MAD and not of mutual assured peace, or MAP? In an interview with the BBC, Russian Foreign Minister Sergei Lavrov said, "We didn't invade Ukraine. We declared a special military operation because we had absolutely no other way of explaining to the West that dragging Ukraine into Nato was a criminal act." Absolutely. "Security guarantees are as vital for economic recovery as they are for the safety of Ukraine's population," wrote Eichengreen. Guarantees must work both ways. "Comments from Russian President Vladimir Putin and other officials signaled that the truly intolerable development was Ukraine becoming a NATO military asset and an arena for deployment of US and NATO forces," Cato Institute. In an article, Yahoo national security correspondent Zach Dorfman wrote that the CIA "made a series of covert moves that have helped prepare the Ukrainian security services for the current crisis," and "Current and former intelligence officials clearly thought that those programs were especially clever initiatives, insisting that they 'helped teach forces loyal to Kyiv the skills that have helped it to mount an unexpectedly fierce resistance to the Russian onslaught'." In short, Ukraine is being sacrificed by the US to weaken Russia. Having provoked an unnecessary war, the West then compounded the stupidity with vicious sanctions on Russia, wikipedia. Russia said the West has "shot itself in the head" by imposing sanctions which have sent prices of grains, fertilizer and energy soaring, ET. In an effort to control relentless inflation the US Federal Reserve increased its Funds Rate by 75 basis point, ET. Wall Street plunged, with the Dow Jones Industrial Average down below 30,000 and the S&P 500 in bear market territory, ET, prompting President Joe Biden to insist that recession is "not inevitable" in the US, PBS. Not inevitable, but increasingly likely. To prevent annihilation in November's mid-term elections Biden may visit Saudi Arabia cap in hand in July, msn. Saudi can't help the world, Joe. Only Putin can. Just pick up the phone. The world will be right in minutes.

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