Munich conference, tense meeting of Chinese and American foreign ministers, Biden’s visit to kyiv and speech by Vladimir Putin. The last few days have been stormy geopolitically.
No solution to the conflict in prospect
The 61st Munich Security Conference took place from February 17-20. All the top western warmongers made the trip to cackle their determination to support Ukraine.
The NATO Secretary General set the tone by urging the alliance to prepare for a confrontation that will last from “many, many, many years”…
Same story on the side of President Biden who promised his “unwavering and unwavering commitment to democracy, sovereignty and territorial integrity of Ukraine”. The United States will stand with Ukraine “as long as it takes”he assured.
Rebelote in the blocked of Emmanuel Macron in Munich:
“My conviction is that we must absolutely intensify our support and our efforts to allow the Ukrainian army to lead the counter-offensive which alone will allow credible negotiations under the conditions chosen by Ukraine, its authorities and its people. […] We are prepared for a protracted conflict. »
E. Macron also reopened the door to “a dialogue with European partners on French nuclear deterrence and France’s conception of the European dimension of its vital interests”.
Clearly, we are not immune to the French President promising a response in the event of a nuclear attack against any country in the Union. With all the consequences that this implies for the safety of the French…
The British Prime Minister has declared that England will be the first country to deliver long-range missiles. The one who no longer hesitates to speak of “global war” considers, however, that it is ” too early “ to consider the deployment of fighter jets.
In short, and to put it more bluntly, the West is ready to fight to the last Ukrainian.
What will the Middle Kingdom do?
At the request of the United States, Mr. Blinken was able to confront his Chinese counterpart Wang Yi on the sidelines of the Conference.
“I was able to tell him, as President Biden had done with President Xi, of the serious consequences this would have on our relations”Mr. Blinken said after the fact.
The two senior officials both stressed that they do not want a new cold war. Nevertheless, Washington does not seem to have too many illusions. China will not let go of its Russian ally.
Spokesperson Wang Wenbin had indeed declared on the eve of the conference: “China stands ready to work with Russia to advance our comprehensive strategic partnership for a new era. ».
Let’s also remember that V. Putin and Xi Jinping met in Beijing a few days before the start of the Russian special operation. Moscow and Beijing then released a 5,000-word statement saying their partnership had no ” no limit “. The text had also castigated the enlargement of NATO.
The Secretary General of NATO has not forgotten this. In Munich, Jens Stoltenberg even hinted that Beijing might start a war against Taiwan. “What happens in Europe today, could happen in Asia tomorrow”he professed…
The NATO chief warned that the alliance must act in unity. Both on the military front and on the economic front.
Indeed, China accounts for 60% of global rare earth mining. And even 85% of the refining and production of permanent magnets. These are essential for converting mechanical energy into electrical energy, and vice versa (wind power, electric cars).
Rare earths also play a crucial role in the arms industry (missiles, radars, stealth fighter planes, etc.). It’s a huge negotiating lever. China could use it if the West continues to refuse to sell it the latest generation semiconductors.
As such, the barker Zelensky warned in the German newspaper Die Welt:
“If China allies with Russia, there will be a world war. »
Speech by the Russian President
Vladimir Putin had the last laugh after this week of diplomatic effusions by taking. Two important things emerge from his speech one hour before the Russian Federal Assembly.
The first is that “Ukraine is being used as a tool by the West against Russia”. “The more long-range weapons there are in Ukraine, the further we will have to push the threat away from our borders. »
Thus, not only is the EU emptying its strategic ammunition stocks (production capacities are lower than the rate of use), but this will have the effect of making matters worse.
The second important point is the promise to make the dollar lose its role as the international currency par excellence:
“The sanctions organizers are shooting themselves in the foot. Their actions cause inflation, business closures and an energy crisis. […] They tried to sever ties with Russian companies and disconnect them from financial communication networks [SWIFT]. They stole our foreign exchange reserves and tried to crash the ruble to cause destructive inflation. Their goal of these dear humanists is to make our citizens suffer. »
The Russian President revealed that the ruble is now used in “a third of exchanges and more than half with friendly countries”. “We will continue to work with our partners to create an international payment system independent of the dollar and other Western currencies.” […] “The Dollar will lose its role as universal international currency”.
The war in Ukraine marks the end of an era. We are probably witnessing the last hurray for Western monetary hegemony.
The times when the dollar and the euro accounted for 80% of foreign exchange reserves are over. Gold purchases at their highest level in more than 50 years by central banks are a step in this direction.
An indestructible, stateless and uncensorable store of value, Bitcoin will inevitably hold its own in this new era of money.
Monetary hegemony is the real issue in the confrontation of the superpowers in Ukraine. And not the disinterested defense of democratic values brandished to justify the worst.
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