Will the British Empire's Assault on Russia Backfire?
July 27, 2014 • 11:12PM

-In the emerging global environment of resistance to the British Empire's deadly policies, as reflected in the HCR 105 slap-down of Obama and the BRICS+ launching of a New World Economic Order in mid July, the British Empire has been forced to think twice about its next steps. Moving forward on their
intended policies may now backfire on them, with possibly fatal consequences. Yet the meltdown of their financial system dictates a certain desperation and urgency to their policies, and flight forward ("damn the torpedoes") is a very real possibility as well -- with everything that entails in terms of the danger of unleashing thermonuclear war.

Take the case of the planned escalation in economic sanctions against Russia, which the EU is scheduled to adopt on July 29, and which are a particular threat to Germany's economy. Already the Russian Foreign Ministry blasted the decision, stating on July 25 that it was "a complete turn away from joint work with Russia on international and regional security, including the fight against the spread of weapons of mass destruction terrorism [and] organized crime At the same time, the EU has once and for all joined the side of Washington and Kiev's fairy-tales regarding ongoing events in Ukraine."
In addition to the strengthened sanctions, the EU this week also decided to send "a team of security advisers into Kiev to assist the Ukrainian government in imposing the rule of law in rebel districts," the Guardian's Daniel Bogger and Alec Luhn wrote on July 26, admitting that this was "a provocative move likely to further inflame relations with Moscow... and inevitably fuel Moscow's anger at what is perceived as meddling by the west in the affairs of eastern Ukraine."

On the financial side of sanctions against Russia, the London Telegraph admitted that they were intended to provoke capital flight from the country, but fretted about the backfire potential: Since the City of London itself is the beneficiary of some 7.5 billion euros in Russian bonds issued there (about half the total floated in all Europe), "adverse effects could materialize in loss of revenue for operators, depressed value of existing securities, loss of market positions and as an unlikely worst case scenario, risks of default." In a global environment shaped by Argentina's standing up to the threat of default, by more aggressively pursuing the building of a New World Economic Order, small wonder that some in London are worried about rousing the Russian bear on this front too, especially after the alliances established at the BRICS-plus-Unasur summit.