“Sorry, Russia is Winning”

Rickards speaks on Ukraine. [Altucher Confidential] December 05, 2022 [WEBSITE]( | [UNSUBSCRIBE]( “We need to talk about Ukraine. Nothing is more important in the world right now.” [Hero_Image] “Sorry, Russia is Winning” By Jim Rickards Attention! Before You Read Any Further… [Click here for more...]( Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this upgrade to your Altucher’s Investment Network subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Altucher’s Investment Network to an entirely new level and I’d hate to see you left behind. [To see how to claim your upgrade, just click here now.]( [Chris Campbell] CHRIS CAMPBELL Before the Russian revolution, Lenin (allegedly) said: “There are decades where nothing happens and there are weeks where decades happen.” We suffer no shortage of things to write home about these days… Fed… inflation… supply chain… Elon Musk/Twitter… AI Chatbots… Sam Bankman-Fried… crypto regulation… and a whole lot more. But, our colleague Jim Rickards says, one thing takes precedence: “we need to talk about Ukraine. Nothing is more important in the world right now.” While everyone else’s attention is pulled in 500 different directions, Jim argues that Ukraine should be at the top of your list. Ukraine, he says, “is the spider in the spider web of the global economy. Ukraine affects geopolitics, geo-economics, energy and food shortages, supply chains and the desire of many countries to escape U.S. dollar hegemony. It may even potentially involve nuclear war.” In short, there’s a lot on the line. And the politicians know it. A Russian failure would lead to a strengthened world economic order with the U.S. leading the helm and a strengthened NATO… But a Russian success would lead to a new international monetary order through its allies in BRICS+... “Where things stand today,” Jim writes, “either outcome is still possible. Much will depend upon the next few months.” Jim offers his full analysis on Ukraine below. (And how he believes you should prepare.) “It may be a bit of ‘inside baseball’ for the introductory reader,” he says, “but everyone needs to catch up before it’s too late.” Read on. [CHART] Could Inflation Hit 20%+ In 2023? [Click here for more...]( Take a close look at this scary chart pictured here… What you see is the money supply in America… And as you can see, the number of dollars in circulation has exploded in the last few years. In fact, more than 80% of all dollars to ever exist have been printed since just 2020 alone! Which is why some say inflation could soon explode even higher than it is now, to 20% or more. And if you’re at or near retirement age you must take action now to protect yourself… otherwise you risk losing everything. [Simply click here now to see how to survive America’s deadly inflation crisis.]( Sorry, Russia Is Winning Jim Rickards The status of the war in Ukraine is best understood as a competition between the narrative and reality. The narrative consists of what you hear from mainstream media, the White House, the Pentagon and official sources in the U.K., France, Germany and both EU and NATO headquarters in Brussels. The reality consists of what’s actually going on based on the best available sources. Let’s consider the narrative first. According to the White House, EU and NATO, things are going relatively well for Ukraine. The Armed Forces of Ukraine (AFU) have advanced in eastern Ukraine along a line that runs parallel to the Russian fortified lines between Donetsk and Luhansk. Ukraine has also reoccupied the regional capital of Kherson, which lies strategically on the Dnieper River, and is Kyiv’s main access to the Black Sea and international trade. Based on these advances, the narrative says that Russia is in retreat, Russian troops are demoralized, Putin is in jeopardy of being replaced and complete victory for Ukraine is just a matter of time. The narrative is then used as a basis for increased financial aid from the United States (over $60 billion and growing) and increased weapons shipments from NATO members. President Zelenskyy touts these accomplishments in his customary green T-shirt on video presentations to the U.N., G20 and other international audiences. Here’s the reality… The actual situation on the battlefield is almost completely at odds with the narrative. Ukraine did make advances in the east, but they were against lightly defended Russian positions on or near open terrain. The Russians organized an orderly retreat to fortified lines and let the Ukrainians have the open land. Russia withdrew from Kherson because they regarded it as a nonstrategic salient. They withdrew to the east bank of the Dnieper River while allowing Ukrainian troops to reoccupy the center of Kherson. Russia avoided a fight over a city of little strategic value while retaining a chokehold on river traffic from the east bank. Russia regarded Kherson as a nonstrategic salient. The Russians withdrew to the east bank of the Dnieper River while allowing Ukrainian troops to reoccupy the center of Kherson. Russia avoided a fight over a city of little strategic value while retaining a chokehold on river traffic from the east bank. The Russians essentially organized an orderly retreat to fortified lines and let the Ukrainians have the open land, which will become a killing field for Russian artillery. Even with that withdrawal, almost all the industrial, technological and natural resource capacity of former Ukraine is in the Donbas now under Russian control. In the meantime, Russia is now preparing to launch a massive counteroffensive. Russia has completed its 300,000-person mobilization. Over 180,000 of those troops are now deployed behind Russian lines in combat formations. The remaining 120,000 troops will arrive soon. This brings total Russian strength up to about 30 divisions. They are being supplemented with Iranian drones, a major force multiplier. The major objectives of this counteroffensive are Kharkiv in the northeast, Odesa in the southwest, and Zaporizhzhia in the center part of the country on the Dnieper River. Completion of these missions will give Russia control of the entire coast from the Sea of Azov to the Black Sea. It will also give Russia control of the Dnieper River and the largest nuclear power plant in Europe. Russia will incorporate all of this territory into the Russian Federation and will likely move further into Moldova to reunite with a pro-Russian corridor called Transnistria with its capital in Tiraspol. At that point, Russian strategic objectives will be complete. Ukraine will be left as a rump state between Kyiv and Lviv. Ukrainian officials are preparing for a brutal winter ahead by evacuating civilians from cities likely to be the scene of new battles with Russian troops. These Ukrainian expectations seem at odds with the mainstream narrative of victorious Ukrainians on the offensive against demoralized Russian troops. Meanwhile, AFU strength has been greatly diminished due to high casualty rates. Meanwhile, advanced weapons supplied to the AFU will be of little use because the AFU has not been trained to use them and there are logistical obstacles to moving them to the front lines. Many so-called Ukrainian troops are actually Polish forces in Ukrainian uniforms. Again, Russian forces are well-rested and well-supplied, and are being supplemented with Iranian drones, a major force multiplier. The economic impact of these developments is momentous. Biden has vowed that the sanctions will not be lifted until Russia leaves Ukraine. But Russia is not leaving. This implies that sanctions will continue indefinitely. The sanctions have had little economic impact on Russia. But the effect on Europe and the U.S. has been devastating including energy shortages, inflation and supply chain disruption. These effects will persist and cause the EU and U.S. to fall into a severe recession in the first half of 2023. These effects will persist and cause the EU and U.S. to fall into a severe recession in the first half of 2023. The dollar will remain strong for reasons independent of the war in Ukraine, having to do with a growing global liquidity crisis. Stocks will fall significantly due to recessionary conditions. Bonds will perform well as interest rates decline alongside economic decline. Gold will remain strong as more countries look for ways to avoid U.S. economic sanctions and as central banks diversify away from dollars toward gold. Brace yourself for more volatility as we head toward the winter months. Moving cash to the sidelines is a prudent thing to do. Regards, Jim Rickards For Altucher Confidential “The Situation Is Getting Worse By The Day” That’s what the President of the US Chamber of Commerce just said about the supply chain. If you thought the supply chain issues were over, think again… Things are about to get much, much worse. And everything from your local grocery store to your gas station could be impacted. That’s why I’m urging everyone I can to prepare now… [To see the #1 move to make before this problem gets any worse, click here now.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2022 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. 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