Germany

A sovereign economy does not need foreign trade

A sovereign economy does not need foreign trade
23.08.2023

My (alas deceased) friend, great businessman and patriot, Mikhail Yuriev, once asked me a question: why is the ideal a zero foreign trade balance, i.e. the situation where the country sells as much as it buys (i.e. the volume of imports equals the volume of exports)? It turns out, he concluded, that the ideal would be to reduce foreign trade to zero, a very good point on which he built his curious book Fortress Russia. The main idea is: Russia should close itself off from the world and build an autonomous society based only on our traditional Russian values. If you want a perfect foreign trade balance, do it. That is a very productive way of thinking.

Olaf Scholz’s Manifesto For Foreign Affairs Magazine Confirms Germany’s Hegemonic Ambitions

Olaf Scholz’s Manifesto For Foreign Affairs Magazine Confirms Germany’s Hegemonic Ambitions
08.12.2022

The German leader just published what can be interpreted as his manifesto explaining why his country must supposedly restore its prior hegemonic status, and it was released by none other than the same magazine run by the Council on Foreign Affairs, which is regarded as among the most influential policymaking platforms in the US-led West’s Golden Billion. The very fact that they ran his manifesto can be regarded as this de facto New Cold War bloc’s tacit support for Germany’s hegemonic ambitions.

Germany’s position in America’s New World Order

Germany’s position in America’s New World Order
08.11.2022

Germany and other NATO countries have been told to impose trade and investment sanctions upon themselves that will outlast today’s proxy war in Ukraine. U.S. President Biden and his State Department spokesmen have explained that Ukraine is just the opening arena in a much broader dynamic that is splitting the world into two opposing sets of economic alliances. This global fracture promises to be a ten- or twenty-year struggle to determine whether the world economy will be a unipolar U.S.-centered dollarized economy, or a multipolar, multi-currency world centered on the Eurasian heartland with mixed public/private economies.