Putin Talking To?
Analyst attempts to put president’s recent interview
By Mikhail Khazin
gave to the Bild newspaper a week ago may be to
somebody's liking or disliking, but it made one
thing clear: in it, Putin was addressing certain
people in the West with specific proposals. These
proposals might be adequate and appropriate or might
not be, but it is obvious that Putin is not throwing
them into the void. He realizes that there are
people out there who can hear him…
seem that the Western world is consolidated and
pretty plainly (for instance, through Obama's
statements) has shown Putin (and Russia) their
place. The word The Hague (Ed. where the U.N.’s
International Court of Justice and the International
Criminal Court are located) has not yet been used in
relation to the Russian president, but it has been
applied in relation to some others.
does occasionally manage to force some Western
politicians to cooperate with him, but it is being
made crystal clear that these are one-off occasions
that will have no influence on the situation on the
whole. So why?
why… We are living in a financial system whose
foundations were laid at the Bretton Woods
Conference in 1944. Its essence was to create
institutions for ensuring the stability and
expansion of the zone of circulation of the U.S.
dollar, which was supposed to become the main
currency of the Western economy.
economy’s institutions were the World Bank (a
development agency), the International Monetary Fund
(in essence a bank for granting loans to countries)
and GATT, the General Agreement on Tariffs and
Trade, now known as the WTO (which is intended to
fight supporters of economic separatism). At the
same time the control over the circulation and
printing of dollars all over the world was entrusted
to the Federal Reserve System.
those arrangements created grounds for problems –
suppose the interests of the global financial system
began to run counter to the interests of the U.S.
economy and financial system? However, at the time
those problems appeared rather hypothetical.
things have changed. As a result, a crisis began and
the problem whose foundations were laid in 1944
began to show itself in full.
growth has stopped (the situation has stabilized,
although it is experiencing an insignificant
decline) and it is already clear that keeping things
as they are for everybody will be not be possible.
As this specifically regards the financial system,
it means that it is necessary to decide whether to
save the U.S. economy at the expense of the
resources of the global financial system or to save
the global financial system at the expense of the
problem first began to show itself a decade ago, but
it entered an acute phase in 2011. Then the global
financial elite decided to complete the Bretton
Woods reforms and to take the center of issuing
global currency (to be created on the basis of the
IMF's “special drawing rights”) out of U.S.
Americans retaliated with the Strauss-Kahn case,
putting an end to an idea that presented a danger to
them. Yet, the question of whom to save and at whose
expense became a dominant one in global politics.
elite, which until then was united, saw itself
splitting over which of the two scenarios to
support. The first camp, which could be naturally
described as the global financial elite, insists on
preserving the global financial infrastructure (and
is therefore trying to win back control over issuing
dollars), while the other, on the contrary, believes
that the financial infrastructure can be sacrificed
for the sake of saving the U.S. economic system.
is that the crisis is so strong that a victory by
one of those camps will inevitably destroy the basis
for the other, as well as the other camp itself as a
real force. So there can be no truce here.
since 2011 the once united global elite has been
splitting, and this process is growing stronger and
stronger. It manifests itself in the conflict
between Hillary Clinton and John Kerry in U.S.
foreign policy, in the conflict between Clinton and
Trump in the presidential election race, in the
conflict between Saudi Arabia and Iran and in many
having decided in 1991 to integrate into the global
financial system, has been pursuing this task
consistently (sometimes, too consistently) and
confidently. However, in the mid-2000s, prior to the
split in the global elite, Putin developed strong
disagreements with it.
sense, all of Putin's actions become clear. He sees
that in the West there are emerging elites (and
specific people) who are slipping out of the control
of global financial circles and it is to them that
he is addressing his proposals.
At the same
time, it might not always be clear to an ordinary
member of the public what Putin is saying, since
those statements clearly lie beyond the boundaries
of the “language” that we have formed over the past
quarter of a century under the control of the
financial elite. But there are people in the West
who are clearly listening to those messages and
their number is growing.
is that they are listening but are not hearing…
True, Xi Jinping, Donald Trump, Marine Le Pen all
say that one should work with Putin, but there is no
real effect. Why is this?
is that the Russian economy is effectively run by
underlings of the global financial elite.
Furthermore, these underlings see no prospects for
Russia to become an independent entity.
As a result
those whom Putin is addressing consider him a
hypocrite. He is addressing people who have entered
into deadly combat with the global financial elite,
but at the same time all the real levers of running
the country's economy and finance remain in the
hands of people placed there by the very same global
financial elite. This is why Russia with its current
political elite is doomed to isolation. It will not
be invited to resolve the key matters facing the
world because the global financial elite cannot
stand Putin, while their alternative, the “new
isolationists,” do not trust Putin's inner circle
whom they know for sure to be working for
financiers. Therefore they cannot quite trust the
Russian leader either, with whom in other
circumstances they would gladly work together, as
they themselves openly admit.
published in Russian in Vzglyad.