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"Nobody should pin their hopes on a miracle." ~ Vladimir Putin
By Catherine Austin Fitts
This week on The Solari Report, the Saker returns to continue our conversation on the emerging multipolar world. Our focus is once again on Russia and Russia’s relationship with the United States.
Recent disclosures in the RussiaGate scandal and the General Michael Flynn case have revealed that the accusations of Russian interference in the 2016 elections were manufactured in the UK and U.S. Undeterred, the U.S. corporate media are now publishing new accusations of Russian interference in the 2020 elections. There is no coverage regarding the corporate and foreign money flowing into campaign coffers or of real threats of interference in U.S. elections—including through pandemic shutdowns. There is no mention of the Federal Reserve taking over the U.S. economy. There is little mention of Main Street and small businesses closing down, or of U.S. billionaires' skyrocketing net worth.
The shutdown of the global economy since March has significantly reduced global trade and demand for oil and gas—Russia's largest exports. This is likely to slow down efforts by Russia and the other BRICS nations to "de-dollarize." Russia continues to focus on building economic resiliency—a process begun years ago as a result of U.S. sanctions. The Saker and I discuss how Putin is managing the current transition and what Russia's strategic options will be after the U.S. presidential elections.
In Let's Go to the Movies this week, I recommend The Trans Siberian Railroad. To understand Russia, it helps to understand its extraordinary size and its role as a land bridge that covers both Eastern Europe and Asia. Riding the Trans Siberian Railroad is one way to see the country's full length. The engineering of this railroad is one of the great historical feats of infrastructure—a reminder of what real science and engineering can accomplish.
Please e-mail your questions for Ask Catherine or post them at the Money & Markets commentary here.
Talk to you Thursday!