Scott Ritter: "Europe is on the brink of total economic failure"

Is Ukraine winning the war? According to Scott Ritter, former United States Marine Corps intelligence officer, quite the opposite is the case.

In this interview, Ritter, who has also served as a United Nations weapons inspector and was an outspoken critic of the war in Iraq, calls Russia’s military operation in Ukraine a “masterful, stunning military victory that will be studied for some time”.

What does this mean for Europe as a whole? The Russian ruble is as strong as it has been in recent history, and the Russian stock market is alive and kicking. Meanwhile, global gas prices have doubled.

The cost of diesel is already disrupting supply chains, which run on thin margins of efficiency. Will transport costs be absorbed by the companies? By the truckers? Or transferred to the consumers? None of these offers a desirable outcome.

Ritter concludes: “Europe is on the verge of economic collapse”.

00:00 - intro
06:39 - Russia is winning the war
11:11 - US military aid to Ukraine
20:35 - is Ukraine a no-fly zone?
22:04 - Russia's second phase coming to an end
35:03 - what will Russia do in response?
43:05 - this conflict not just about military
47:50 - it's the economy, stupid
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