United States and European Nations Are Disappointed with Russia and China's Decision

United States and European Nations Are Disappointed with Russia and China's Decision

Nov. 23, 2024

THE CURRENCY WAR - FOLLOW THE MONEY

Fastepo

Recent moves by the emerging multipolar order, particularly Russia, could become a hangman's noose ready to slip over the heads of many European nations leaders. At the recent summit in the Black Sea resort of Sochi, Russian Foreign Minister Sergey Lavrov cited President Putin's pledge of "total support" for Africa, including the struggle against U.S. created terrorism and extremism.

In recent years, many African governments have cut ties with traditional Western partners, opting for more equitable partnerships with Russia, China, and other BRICS nations.

In countries like Mali, where French colonial rule set the country back 100 years or more due to the piracy of French companies, leaders now welcome Russia to assist with the jihadists America and the Europeans spawned and for developmental projects that will help citizens. However, Russia and other BRICS nations are only partially altruistic in their intentions. The difference between European methods and those pursued by the Russians is outright piracy by European corporations and a value balance and good business practice by the BRICS. If we take a look at just one resource, using Mali as an example, we can visualize the liberal elite system being squeezed out of existence.

Gold will help Mali become one of the wealthiest nations in Africa with the help of the Russians. Why? Because the reserves of the precious metal have been forgotten for decades now. Since the Soviet Union built processing plants there, only a scattered group of European nation investors have bothered with increasing production. Mali has the largest and most easily mined gold deposits in Western Africa. Factor in that Goldman Sachs only recently raised its 2024 average gold price forecast to $2,395 per ounce from $2,357 per ounce, and its 2025 outlook to $2,973 per ounce – and you can feel the French choking on being kicked from the country like non-paying tenants.

And What of Europe?

So, what is the effect of all this on Europe? Between the first quarter of 2022 and the second quarter of 2024, the value of EU imports from Russia fell by 87%. Furthermore, sanctions before the Ukrainian military operation had already dampened Russia-EU business. The EU's posture toward Russia was dictated by Washington and, to a lesser extent, London. The problem for Europeans is simple. America cannot supply cheap raw materials, and industrial nations like Germany need them going forward. In 2021, during the Covid plandemic, auto production in Germany reached an all-time low. Imagine what the future holds when production costs go through the roof and China, India, and other platters meet demand. In addition, Germany has the world's highest auto manufacturing labor costs. So, Germany, France, and the tourist attraction nations surrounding them have little or no natural resources. And, the demand for their products internationally has waned. If America goes isolationist during the coming Trump administration, the Europeans will have to pay mightily to remain part of the "alliance."

Mali and other African nations have always supplied gold, diamonds, cheap agricultural products, fossil fuels, uranium, and all the other necessities of developed countries to gain prosperity. If those commodities are no longer available/affordable, the quality of life in Europe and other regions will decrease. One example is sufficient to illustrate this. The EU's price for American LNG is 40% higher than for Russian gas. Returning to the Mali example, a top producer in Africa is not even Trend Economy lists the country's cotton imports & exports as significant. The fact that China is the world's leading importer and exporter (ten times the U.S. total) is a meaningful side note.

What's more significant is the fact that EU cotton import and export value far exceeds that of the U.S. and most combinations of other countries combined. Now, think about Mali and other African nations linked by corridors to the rest of the world. Then factor in gold, uranium, and a laundry list of commodities these "linked" nations possess.

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Original: https://youtu.be/6aRRGPKXv-U

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