Strong Putin & Weak Biden to Trigger Historical Wealth Destruction
The comments below are an edited and abridged synopsis of an article by Egon von Greyerz
With the world on the verge of a major geopolitical conflict, the US doesn’t appear to have the statesmen who can take it through such a conflict victoriously.
The US has a constant fear of Russia and is desperate to make defence agreements with many of the countries it borders. Europe’s and the EU’s relationship with Russia is more complex, in particular due to European dependence on Russian energy; gas in particular. Germany is dependent on Russia for 60% of its natural gas. As Germany is now closing its last nuclear power plant, it is totally reliant on Russian gas, and therefore unlikely to alienate Putin.
Putin has had a bee in his bonnet ever since the Maidan revolution in 2014 when there was a coup, allegedly US backed, to throw out Ukraine’s then-president Yanukovych and install a US-friendly regime.
Up for discussion: Sweden has feared the Russians for over 300 years; three failed invasions to conquer Russia; Russia—Ukraine or China—Taiwan to trigger an economic collapse; a fragile world economy about to burst; a global debt bubble about to first explode and then implode; Covid was not the cause but just an excuse; six banks received $12 trillion out of $20 trillion emergency loans; 2022—the beginning of the biggest global economic crisis in history; gold is as cheap today as in 1970 and 2000; and stocks about to crash while gold rises strongly.