In early, 2020 the world entered a new global crisis. The new round of economic turbulence coincided with the outbreak of the coronavirus (COVID-19), which started in China and rapidly expanded across the globe. So, mainstream media outlets rushed to explain the crisis developments with the pandemic impact. However, in fact, the global economic crisis has been forecasted by experts for a long time and has reasonable grounds: from the disbalance of the global economy and contradictions among key oil producers to the growing tensions between influential players in the key regions around the world. Saudi Arabia’s ongoing offensive on the oil market is a logical result of these developments.
The coronavirus crisis worked as a trigger revealing the truth behind the lies and propaganda of the mainstream media and the global establishment. The reality broke into pieces the myth about the so-called ‘Euro-Atlantic solidarity’, demonstrated the almost zero-level effectiveness of the European Union bureaucracy and once again showcased that countries selling their sovereignty for some theoretical financial and diplomatic support of the Big Brother should not expect something good during crises.
The world sole superpower, the United States, appeared to be prepared for the economic turbulence, mostly thanks to actions of the Trump administration. At the same time, the U.S. faced significant problems with containing the COVID-19 pandemic and its readiness for such threats are much lower than those of China and even Russia. The United Kingdom revealed itself as another country surprisingly unprepared for the global meltdown. The situation in Italy, Spain and other southern and eastern European states needs no comments. They experience a lack of food and drugs supplies, while their governments failed to prepare and adopt the needed anti-epidemic measures before it became too late. Germany is probably among a few European states that has been prepared for the crisis at least on the level of Russia.
The irony of the situation is that Russia’s stability (in comparison with other states) has become a result of the actions of the so-called collective West. Just 10 years ago, it was importing grain, a large part of food products. It lacked some key technologies in the production of medical supplies. For Russian companies, it was just cheaper and easier to act this way than develop own capabilities in the field. However, the increasing sanction pressure forced the Russians to invest into own national industry and economy thus preparing the state to the upcoming crisis.
If one takes a look at the current situation in Russia in the medical sphere and with food supplies, he would find that the country is passing through crisis without any notable problems. Even the short panic amid the collapse of the European healthcare and the creation of the COVID-19 crisis zone in Italy and a Western-run fake news campaign in Russian social media did not lead to even a short and slight crisis in big cities.
As of March 20, Russia’s National Wealth Fund (NWF) had assets worth US$151.35 billion, or about 9 percent of Russia’s gross domestic product. The NWF allows Russia to have a security zone of 5-6 years even with oil prices at the level of ~$20 a barrel. It’s hard to imagine that Saudi Arabia, which caused the oil prices crisis by own actions, could pass the same period without a large-scale crisis with such prices. Furthermore, the NWF is operated by the Russian government, not by private persons with own interests. Even taking into account some level of management issues and corruption, the NWF would give the Kremlin to protect key economic spheres and keep the social stability in the country.
The crisis also fueled the ongoing structural economic changes around the world. Economic activities are becoming more and more digitalized. People are forced to work remotely. The importance of the modern IT and media technologies are growing even further. Corporations and governments already started exploiting these trends. Some experts even suggest that in many cases the coronavirus crisis is being fueled artificially in order to push the world in a right direction. Others argue that this is a logical succession of events.
In any case, the ongoing crisis became an important turning point for the current international system revealing the truth behind the global myths, lies and whitewashing. The states that invested in their independence and national economies despite the foreign pressure reap the benefit of their efforts. At the same time, the states that sold their independence and became puppets of the global elites faced expected consequences.