At the Shanghai Cooperation Organization (SCO) summit in China, Eurasia discussed a new international economic order based on mutually beneficial trade and investment, writes economist Michael Hudson.
Thank you Dr. Hudson for an article of great clarity and understanding !
This article confirms once again that fascism was not defeated in Nazi Germany--it just metastasized and moved westward to a deathly new incarnation.
As the declasse West suffers its delirium of defeat the rest of the world must tutor it back to becoming a responsible, rational, cooperative player in the new world order.
We are at an historical turning point where the management of world affairs must constitute a meritocracy where there is little room for poor management, and zero tolerance for imperialism and the crazy caprices of rogue empires.
Our options are either Socialism or Barbarism, best updated today as either Ecosocialism or Barbarism.
By far the most important outcome of the recent SCO meeting was confirmation that the Power of Siberia 2 pipeline will go ahead.
People need to understand that due to the different mechanics of harvesting conventional vs fracked methane and the different transportation methods of gaseous vs liquified methane (the latter needs to be refrigerated down to minus 163 degrees C, specialised export and import port terminals and transported across oceans in specialised ships for which there is a global shortage, BUILT MOSTLY IN CHINA),
the physics determine that conventional piped gas will always be waaay cheaper than fracked piped gas and the most expensive of all by far is fracked LNG, which is what the USA tries to sell to suckers, and US shale gas fields will peak and decline waaay sooner than Russian or Persian Gulf conventional gas fields.
Similarly, CO2 emissions are lowest for conventional piped gas and waaaay highest for fracked LNG, the latter being on par with dirty coal due to massive fugitive emissions and very high energy requirements for extraction and transportation, the energy coming from fossil fuels.
Why does the USA buy the vast majority of its nitrate fertiliser from Russia, which out of 35,000 sanctions against Russia has somehow escaped being tariffed or sanctioned? Because nitrate fertiliser, via Haber-Bosch, is essentially solidified natural gas and Russian conventional gas as feedstock will ALWAYS be waaaay cheaper than if the US made its fertiliser from its own superexpensive fracked shale gas.
Without cheap Russian fertiliser, US food prices will SKYROCKET.
The primary reason for the permanent decline of European economies today is the blowing up of the Nordstream pipelines by the CIA / MI6 in 2022. This starved the industrial / chemical / fertiliser / energy sectors of Germany, the powerhouse of the EU economies, and played into the hands of US LNG exporters who then sold bubble farts of gas to the Dummkopf Germs at "only" 6x the price of piped Russian gas.
The "Power of Siberia 2" from Russia to China will deliver cheap piped gas from Yamal previously designated for Europe, now permanently lost to Europe, which will render Chinese industrial / chemical / fertiliser / energy sectors even more cost competitively unbeatable on the global economic stage.
Why did China agree to Russia's demand that the pipeline go through Mongolia rather than directly across the Russia / China border?
Europe will NEVER AGAIN receive cheap gas in bulk from Russia, at best only a pipeline trickle via Turkstream and perhaps some expensive Russian LNG (which will still be waaay cheaper than super expensive fracked LNG from the USA).
HOWEVER the big long term question is whether the massive gasfields off the Levant (Tamar, Leviathan etc) controlled by Israel, will ever supply Europe via pipeline, or whether, now that the West got rid of Bashar Al Assad, it will finally be possible to build a pipeline from Qatar through Syria on to Europe.
These prospects, given the unending turmoil in the area, are, if you will pardon the pun, a pipedream.
The US has placed so much money and so many weapons into terrorist hands that the vision of perpetual war of the Dulles brothers has become the reality. Allen Dulles convinced Dwight Eisenhower that covert regime change was the way to go, and Eisenhower, thinking that a bloodless coup was better than war, agreed to authorize covert operations. How a man like Eisenhower could be so fooled by such a sociopath as Allen Dulles is sad. The CIA as we know it is the Frankenstein monster created by Allen Dulles. He and his brother thought that no amount of death and killing was over the line in the furtherance of capitalism. The covert operations role has expanded exponentially to become the major activity of the CIA. The law authorizing the CIA is a ceding of the Constitutional powers of Congress to make and declare war to the CIA, at least as long as no one finds out. Secretly, clandestinely, the CIA funds student groups in “enemy” countries, stirs up the capitalist forces in politics, supports candidates who are willing to kiss US ass, and provides money and weapons to right-wing terrorists. These covert operations have expanded from bloodless coups (if ever a thing actually existed) to full scale military operations, sanctioned by their mandate under the law interpreted broadly. The CIA has authorization to call forth US military forces (special forces, WMDs, gunships, etc...) anywhere around the globe, and no amount of killing and slaughter is distasteful or enough.
The evidence of this psychopathy is detailed in numerous volumes of scholarly investigation, and supported further by numerous scholarly investigations going back centuries. Again, expertly researched and laid out and concluded by Edward Gibbon’s 6 volume epic history The Decline and Fall of the Roman Empire (1776-1789); and recently “discovered” by Jewish scientists, archeologists, and historians: The majority of the world now knows that there was no Israeli kingdom of the ridiculous size sketched out by Theodor Herzl. The ancient Israelites (primarily Yemenis, Palestinians, and Iranians) simply moved and reformed as non-Jew (cf el Haik 2012; Oppenheim 2001). Israeli historians, archeologists, and scientists have stated matter-of-factly that there was NO Joshua, NO fallen walls of Jericho, NO David, NO Solomon, NO mass Jewish slavery in Egypt, NO Maccabees nor mass entrapped suicide at Masada, NO Diaspora, NO Greater Israel, and obviously, nor morals. At the time the Jews supposedly escaped from the Pharaoh, the entire land of Palestine was part of his empire, and you don’t think he could have recaptured such a mass of people “lost” in his desert for the common “40 years”; and that Moses, raised as a Prince of that empire, and familiar with the Pharaoh’s kingdom, was too stupid to read the sun and tell which way was North?!? It’s all a fairy tale for idiots like you, Zionist; and of course your idiot brothers & sisters of the Christian Zionist community. What has proved true is the Zionist penchant for lying and self-delusion.
Izreal Ben is a servant of the Western pack and Zionists (including Evangelical "Christians", aka Zionist Christians). How can you deal with a nation who denies having nuclear weapons, though everyone knows they have it, while threatening the whole world with Samson Option? (Sam Husseini is right!) This is the reason why everyone is walking around Israhell like they'd walk on eggs. I hope that in the leak from Mossad Iranians received also info about Israhellish nuke programme, and preparations for its demantling have already started...
Thank you Dr. Hudson for an article of great clarity and understanding !
This article confirms once again that fascism was not defeated in Nazi Germany--it just metastasized and moved westward to a deathly new incarnation.
As the declasse West suffers its delirium of defeat the rest of the world must tutor it back to becoming a responsible, rational, cooperative player in the new world order.
We are at an historical turning point where the management of world affairs must constitute a meritocracy where there is little room for poor management, and zero tolerance for imperialism and the crazy caprices of rogue empires.
Michael Hudson in his article
echoed Rosa Luxemburg's statement:
Our options are either Socialism or Barbarism, best updated today as either Ecosocialism or Barbarism.
By far the most important outcome of the recent SCO meeting was confirmation that the Power of Siberia 2 pipeline will go ahead.
People need to understand that due to the different mechanics of harvesting conventional vs fracked methane and the different transportation methods of gaseous vs liquified methane (the latter needs to be refrigerated down to minus 163 degrees C, specialised export and import port terminals and transported across oceans in specialised ships for which there is a global shortage, BUILT MOSTLY IN CHINA),
the physics determine that conventional piped gas will always be waaay cheaper than fracked piped gas and the most expensive of all by far is fracked LNG, which is what the USA tries to sell to suckers, and US shale gas fields will peak and decline waaay sooner than Russian or Persian Gulf conventional gas fields.
Similarly, CO2 emissions are lowest for conventional piped gas and waaaay highest for fracked LNG, the latter being on par with dirty coal due to massive fugitive emissions and very high energy requirements for extraction and transportation, the energy coming from fossil fuels.
Why does the USA buy the vast majority of its nitrate fertiliser from Russia, which out of 35,000 sanctions against Russia has somehow escaped being tariffed or sanctioned? Because nitrate fertiliser, via Haber-Bosch, is essentially solidified natural gas and Russian conventional gas as feedstock will ALWAYS be waaaay cheaper than if the US made its fertiliser from its own superexpensive fracked shale gas.
Without cheap Russian fertiliser, US food prices will SKYROCKET.
The primary reason for the permanent decline of European economies today is the blowing up of the Nordstream pipelines by the CIA / MI6 in 2022. This starved the industrial / chemical / fertiliser / energy sectors of Germany, the powerhouse of the EU economies, and played into the hands of US LNG exporters who then sold bubble farts of gas to the Dummkopf Germs at "only" 6x the price of piped Russian gas.
The "Power of Siberia 2" from Russia to China will deliver cheap piped gas from Yamal previously designated for Europe, now permanently lost to Europe, which will render Chinese industrial / chemical / fertiliser / energy sectors even more cost competitively unbeatable on the global economic stage.
Why did China agree to Russia's demand that the pipeline go through Mongolia rather than directly across the Russia / China border?
https://www.youtube.com/watch?v=2kWxalQjkhM
More detailed analysis on this topic:
https://podbay.fm/p/the-duran-podcast/e/1757315831
Europe will NEVER AGAIN receive cheap gas in bulk from Russia, at best only a pipeline trickle via Turkstream and perhaps some expensive Russian LNG (which will still be waaay cheaper than super expensive fracked LNG from the USA).
HOWEVER the big long term question is whether the massive gasfields off the Levant (Tamar, Leviathan etc) controlled by Israel, will ever supply Europe via pipeline, or whether, now that the West got rid of Bashar Al Assad, it will finally be possible to build a pipeline from Qatar through Syria on to Europe.
These prospects, given the unending turmoil in the area, are, if you will pardon the pun, a pipedream.
Do any of you live in a Brics member country?
The US has placed so much money and so many weapons into terrorist hands that the vision of perpetual war of the Dulles brothers has become the reality. Allen Dulles convinced Dwight Eisenhower that covert regime change was the way to go, and Eisenhower, thinking that a bloodless coup was better than war, agreed to authorize covert operations. How a man like Eisenhower could be so fooled by such a sociopath as Allen Dulles is sad. The CIA as we know it is the Frankenstein monster created by Allen Dulles. He and his brother thought that no amount of death and killing was over the line in the furtherance of capitalism. The covert operations role has expanded exponentially to become the major activity of the CIA. The law authorizing the CIA is a ceding of the Constitutional powers of Congress to make and declare war to the CIA, at least as long as no one finds out. Secretly, clandestinely, the CIA funds student groups in “enemy” countries, stirs up the capitalist forces in politics, supports candidates who are willing to kiss US ass, and provides money and weapons to right-wing terrorists. These covert operations have expanded from bloodless coups (if ever a thing actually existed) to full scale military operations, sanctioned by their mandate under the law interpreted broadly. The CIA has authorization to call forth US military forces (special forces, WMDs, gunships, etc...) anywhere around the globe, and no amount of killing and slaughter is distasteful or enough.
https://griobhtha1.substack.com/p/x-rubicon-lies-and-damned-lies
The evidence of this psychopathy is detailed in numerous volumes of scholarly investigation, and supported further by numerous scholarly investigations going back centuries. Again, expertly researched and laid out and concluded by Edward Gibbon’s 6 volume epic history The Decline and Fall of the Roman Empire (1776-1789); and recently “discovered” by Jewish scientists, archeologists, and historians: The majority of the world now knows that there was no Israeli kingdom of the ridiculous size sketched out by Theodor Herzl. The ancient Israelites (primarily Yemenis, Palestinians, and Iranians) simply moved and reformed as non-Jew (cf el Haik 2012; Oppenheim 2001). Israeli historians, archeologists, and scientists have stated matter-of-factly that there was NO Joshua, NO fallen walls of Jericho, NO David, NO Solomon, NO mass Jewish slavery in Egypt, NO Maccabees nor mass entrapped suicide at Masada, NO Diaspora, NO Greater Israel, and obviously, nor morals. At the time the Jews supposedly escaped from the Pharaoh, the entire land of Palestine was part of his empire, and you don’t think he could have recaptured such a mass of people “lost” in his desert for the common “40 years”; and that Moses, raised as a Prince of that empire, and familiar with the Pharaoh’s kingdom, was too stupid to read the sun and tell which way was North?!? It’s all a fairy tale for idiots like you, Zionist; and of course your idiot brothers & sisters of the Christian Zionist community. What has proved true is the Zionist penchant for lying and self-delusion.
https://griobhtha1.substack.com/p/dear-zionist
English, Arabic, Hebrew
European concourse politic is guaranteed by Cristine Laggard!
So true!
What about Izreal Ben? Ben? Ben? Ben!
Izreal Ben is a servant of the Western pack and Zionists (including Evangelical "Christians", aka Zionist Christians). How can you deal with a nation who denies having nuclear weapons, though everyone knows they have it, while threatening the whole world with Samson Option? (Sam Husseini is right!) This is the reason why everyone is walking around Israhell like they'd walk on eggs. I hope that in the leak from Mossad Iranians received also info about Israhellish nuke programme, and preparations for its demantling have already started...