Tag: Western Economies

Western economy on the edge of the abyss

July 12, 2024 No Comments

The first problem is that US government debt is $34trillion and growing at $1trillion a quarter. Interest alone on this debt is more than US spending on defence, and it is close to the time where servicing the interest will be stressful. Effectively broke, the US spends like a drunk having a good time on credit.

How the West’s sanctions against Russia have backfired

September 7, 2023 No Comments

SANCTIONS against Russia have proved to be a farce, with damaging blowback against European economies, continued (but never mentioned) Western energy imports from Russia, a big recovery in Russian GDP growth since early 2022 and a major Russian programme of import substitution aiming at long-term self-sufficiency in goods and services previously bought from the West.

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