Drudge Retort: The Other Side of the News

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The Germans lost World War II at the Battle of Stalingrad, which was fought from August 23, 1942 until February 2, 1943, when most of the remnants of the powerful German Sixth Army surrendered, including 22 generals. Nineteen months previously the largest invasion force ever assembled on planet earth invaded Russia across a one thousand mile front. Three million crack German troops; 7,500 artillery units, 19 panzer divisions with 3,000 tanks, and 2,500 aircraft rolled across Russia for 14 months. By June 1944, three years later, very little of this force was left. The Red Army had chewed it up. When the so-called "allies" (a term which apparently excludes Russia) landed in France, there was little to resist them. The best forces remaining to Hitler were on the Russian front, which collapsed day by day as the Red Army approached Berlin.The Red Army won the war with Germany. The Americans and the British showed up after the Wehrmacht was exhausted and in tatters and could offer little resistance. But in America, we won WWII.

Washington has equated self-determination in eastern and southern Ukraine with "terrorism" and has encouraged its stooge in Kiev to use military violence against protesting civilians. The reason for branding separatists "terrorists" is to make it OK to kill them. It is extraordinary to any learned person that the President of the United States and the titular heads of state of the Western European countries would publicly declare such blatant lies to the world.

In the USA the "world community" is the US, Canada, Britain, Germany, France, Italy, and Japan. The other 190 countries are not part of Washington's "world community." In neocon doctrine, they are not even part of humanity. Yet, the land mass of Russia itself exceeds the land mass of the "world community."

Putin is supposed to kiss the new corrupt Ukrainian Oligarch on both cheeks, pay Ukraine's natural gas bills and forgive its debts. Russia is supposed to repudiate the Crimean people, evict them from their re-unity with Russia and hand them over to the neo-Nazi Right Sector to be eliminated as retribution for Russia's victory over Nazi Germany, for whom some Western Ukrainians fought. In exchange, Washington and NATO will put anti-ballistic missile bases on Ukraine's border with Russia in order to protect Europe from nonexistent Iranian nuclear ICBMs.

Sanctions on Russia will wreck Europe and have little, if any, effect on Russia. Russia is already moving, with China and the BRICS, outside the dollar payments mechanism.

Americans are very susceptible to propaganda. Bergdahl, like pro-football star Pat Tillman came down with a case of doubts about the war. Originally, Pat Tillman's death was attributed to his heroic action and enemy fire. Then it emerged that Tillman was a victim of "friendly fire." Many concluded that he was murdered, because the government did not want a sports hero speaking out about the war. As Bergdahl is off the battlefield, he has to be murdered in the press–like Russia, China, Iran, Putin, Assad, Crimeans, and the Russian-speaking population in Ukraine. In America hate and the cultivation of hate is alive and well. But not a single moral virtue is. (Paul Craig Roberts)

The US schemed for 31 years to replace the pound. This replacement was sealed in the midst of the rubble of the Second World War when the US called the Bretton Woods meeting in 1944. Just as how the pound reigned supreme in the heyday of British imperialism, so today, the dollar enjoys a number of advantages as the world reserve currency.
Numerous writers have drawn attention to the takeover of the US financial system by predators that have created a global Ponzi scheme with the requisite ideological stance that the large and sophisticated financial sector of the US economy represented a global good for humanity. This military, political and ideological power of the US financial oligarchy was severely punctured in the wake of the North Atlantic financial crisis of 2008, but even after this crisis the US embarked on a new form of war, which the Brazilian finance minister, Guido Mantega, termed a currency war.

In the last major capitalist depression, eighty years ago, the major capitalist countries were then colonial powers and were able to transfer the costs of the depression on to the backs and shoulders of colonized persons. In the case of Germany and Japan, these societies had embarked on aggressive militaristic actions to counter the massive crisis of the thirties.

In the aftermath of the 2008 crisis the poor countries of the world had to increase their dollar reserves, thus providing cheap finance for the U.S external deficit. From this injustice BRICS has sprung. The BRICS summit announced two new pillars in a new financial architecture that is to be anchored with the headquarters of the New Development Bank in Shanghai, China.

The Fortaleza Action Plan and the outcomes of this summit represented a major step in breaking the Exorbitant Privilege of the US dollar as a the dominant international currency. Along with the formal establishment of the New Development Bank (NDB), the leaders announced the launch of a Contingency Reserve Arrangement (CRA), which in 2013 was approved to receive a $100 billion fund to combat currency crises. The first president of the Bank will be from India, the inaugural Chairman of the Board of directors will come from Brazil and the inaugural chairman of the Board of Governors will be Russian. The BRICS Bank would be organized on the basis of equality unlike the current IMF and World Bank where the leader of the IMF is always a European and the head of the World Bank is always a U.S citizen. The CRA will replace the International Monetary Fund (IMF) as the provider of resources for BRICS members and other poor societies when there is balance of payment difficulties.



Where else? I wonder

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