Home 2022 Commentary: Paul Ebeling on Wall Street and Beyond

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“Investors are focused on Russia/Ukraine issues, savvy stock players are shifting to crypto or standing aside” — Paul Ebeling

The team at Deutsche Bank had had the following to say which perfectly captures the market haps: “The war in Ukraine has – similar to the COVID-19 crisis – once again turned economic forecasting into an extremely crude scenario exercise, where forecasts are largely driven by assumptions about variables, which are clearly outside the realm of economic analysis, and where even specialists are forced to frequently revise their assessments, given the new information they are analyzing day-by-day. This time the key “known unknowns” are, of course, the development of the war and the path of energy and commodity prices. The two are strongly correlated. The large price volatility in recent days seems to be more driven by market speculation based on the news flow related to the war, rather than changes in actual demand and supply, with the complete breakdown of Russian gas and oil deliveries being a distinct possibility.”

On the Crypto front

Crypto-Fund Inflows 3X’d Last Wk to Highest in 3 Months. Digital-asset investment funds attracted $127-M of new money during the wk through 4 March, a report Monday from the digital-asset manager CoinShares showed. The regional breakdown comprised $151-M of inflows in the Americas Vs outflows of $24-M in Europe.

Investors remain supportive of digital assets despite the recent geopolitical events,” CoinShares wrote in the report.

On the War

Russia is not waging war on the Ukrainian people, but on a small group of people within the US power that has transformed Ukraine without its knowledge, the Straussians. It formed 50 yrs ago and has already committed an incredible amount of crimes in Latin America and the Middle East without the knowledge of the United States“– Thierry Meyssan. Mr Meyssan is a Political consultant, President-founder of the Réseau Voltaire.

This is the story

At dawn on 24 February, Russian forces entered Ukraine en masse. According to President Vladimir Putin, speaking on television at the time, this special operation was the beginning of his country’s response to “those who aspire to world domination” and who are advancing NATO’s infrastructure to his country’s doorstep.

During this speech, he summarized how NATO destroyed Yugoslavia without the authorization of the United Nations Security Council, even bombing Belgrade in Y 1999. Then he perused the destruction of the United States in the Middle East, in Iraq, Libya and Syria. Only after this presentation did he announce that he had sent his troops to Ukraine with the dual mission of destroying the NATO-linked armed forces and ending the NATO armed neo-Nazi groups.

Immediately all the member states of the Atlantic Alliance denounced the occupation of Ukraine as comparable to that of Czechoslovakia during the “Prague Spring” (1968). According to them, President Putin’s Russia had adopted the Soviet Union’s “Brezhnev doctrine”. Therefore, the free world must punish the resurrected “Evil Empire” with “devastating costs”.

The interpretation of the Atlantic Alliance is aimed above all at depriving Russia of its major argument: although NATO is not a confederation of equals, but a hierarchical federation under Anglo-Saxon command, Russia is doing the same. It refuses Ukraine the possibility of choosing its destiny, just as the Soviets refused it to the Czechoslovakians. It is true that NATO violates the principles of sovereignty and equality of states stipulated in the UN Charter, but it should not be dissolved, unless Russia is also dissolved. Not likely.

President Putin’s speech was not directed against Ukraine, or even against the US but explicitly against “those who aspire to world domination”, i.e. against the “Straussians” in the US power structure. It was a real declaration of war against them.

On 25 February, President Putin called the Kiev leadership “a clique of drug addicts and neo-Nazis”. For the MSM, these words were those of a mental patient.

During the night of 25-26 February President Zelensky sent a ceasefire proposal to Russia via the Chinese embassy in Kiev. The Kremlin immediately responded by setting out its conditions: arrest of all Nazis (Dmitro Yarosh and the Azov Battalion, etc.), removal of all street names and destruction of monuments glorifying Nazi collaborators during the Second World War (Stepan Bandera, etc.), laying down of weapons.

The western press ignored this event, while the rest of the world, which knew about it, held its breath. The negotiation failed a few hrs later after Washington intervened. Only then would Western public opinion be informed, but the Russian conditions would always be hidden from them.

The Big Qs: What is President Putin talking about? Who is he fighting against? And what are the reasons that have made the Atlanticist press blind and mute?

The Big As: Having identified the Straussians, we must admit that Russia’s ambition is understandable, even desirable. To rid the world of the Straussians would be to do justice to the million or more deaths they have caused and to save those they are about to kill. Whether this intervention in Ukraine is the right way remains to be seen.

In any case, if the responsibility for the current events lies with the Straussians, all those who let them act without flinching also have a responsibility. Starting with Germany and France, who signed the Minsk Agreements 7 yrs ago and did nothing to ensure that they were implemented, and then with the 50 or so states that signed the OSCE declarations prohibiting the extension of NATO east of the Oder-Neisse line and did nothing. Only Israel has expressed a nuanced position on these events.

This is a Key lesson of this crisis: democratically governed peoples are responsible for the decisions taken for a long time by their leaders and maintained after alternations in power.

More on the Straussians and Mr. Biden later, Stay tuned

Have a healthy, prosperous week, Keep the Faith!

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