It must be frustrating to be Glazyev. He's the smartest guy in the room but nobody pays attention to him.
Sergey Glazyev woke up and realized the obvious. "Wait a minute. Russia still holds $100 billion in US Treasurys. American debt instruments finance American wars. The US Congress just declared a hybrid war on the Russian Federation. Conclusion: We just helped America shoot us in the foot."
Well that doesn't sound like a very smart policy for a superpower to be following, not if it wants to remain a superpower. In fact, Glazyev refers to such a policy as "immoral." In an article posted yesterday August 04, Fort-Russ.com [linked here] quoted the economic advisor as making these points:
He said that keeping the currency of the foreign exchange reserve in American securities is a dubious investment.
First, they are low-yielding.
Second, there is a risk that the capital can be frozen, and
Third, it is immoral, since when we invest in US securities, we subsidize the costs of the US, including for defense.
To nobody's surprise nor debate, he also calls for recognition of the United States as an "aggressor country."
I can't say I would disagree. As I posted back on July 4th in my "rain on your fireworks" blog entitled "The Right to Bear Debt" [linked here], this nation was founded as an "aggressor country" by wealthy East Coast families who used the timeless magic of bond creation to finance the nation's Revolutionary War. When those families realized that the Worker Bees weren't going for that, those nouveau oligarchs hurriedly came up with a Constitution as a means to preserve their liberty to impose, and enforce, debt and state taxation on their own lower classes. Perhaps Glazyev's observation is a question that all American taxpayers should be asking: "Explain to me again why I should pay taxes when most of that money is pissed away in wars that will ultimately destroy the lifestyle that I thought I was paying for?"
Glazyev is merely stating the obvious. He also likely realizes that his boss, Vladimir Putin, is no fool. So to Glazyev I can only say, "Patience, young grasshopper, patience." The China-Russia alliance only has one chance to play their Ace. In the spirit of "If you're gonna shoot, you better not miss," the Ace will be played at the precisely best engineered moment.
Genocide: Russia and the New World Order
For those of you who would like to explore Glazyev's translated works, here is a link at Archive.org of an English version of his 1999 book "Genocide: Russia and the New World Order" with preface written by Lyndon H. LaRouche, Jr.