The US Empire is using full-spectrum warfare in its attempt to subdue Russia to Empire dictates, and it's clear that the main victims of this new cold war are the Ukrainian people. While the European elites seem comfortable with financial warfare, they seem desperate, unlike the US, to avoid any spread of the military conflict by their latest independent effort together with Russia to secure a ceasefire agreement at Minsk, Belarus. Hudson explains the rather complicated financial side of this warfare.
The Ukraine-IMF debt negotiation shows is why finance has become the preferred mode of geopolitical warfare. Its objectives are the same as war: appropriation of land, raw materials (Ukraine’s gas rights in the Black Sea) and infrastructure (for rent-extracting opportunities) as well as the purchase of banks.
The IMF has begun to look like an office situated in the Pentagon....