Over on the powerful and influential American Thinker blog, LR publisher and founder Kim Zigfeld sets fire to the series of brazen lies Russia is trying to tell the world about its wanton, horrifying imperialist aggression in Ukraine.
Has Putin finally gone too far this time?
He has if you judge by the Russian economy. On Monday its stock market shed a whopping 10% of its value, and key stocks like Gazprom and Sberbank were down even more. The ruble went into free fall as well, hitting a new low against the dollar and forcing the Kremlin to take two dramatic actions, hiking interest rates and spending ten billion dollars in foreign reserves to buy rubles, that will choke off the final vestiges of economic growth and undermine Russia’s ability to grapple with the inevitable recession that will follow.
And he has if you judge by Russia’s relationship with the United States. On Monday, the USA broke off economic and military ties with Russia, and began planning sanctions that could further imperil the Russian economy as well as instigating an move to eject Russia from its most prestigious international membership, the G-8.
Commentators of every stripe all around the world, including many ardent Russophiles, are condemning Putin’s military invasion of Ukraine as by far his biggest policy blunder since he took office. It may well be that neither he nor his country can ever recover from it.