by Jim Rickards, Daily Reckoning:
In yesterday’s issue, I addressed the biggest and most complex topic on the geopolitical landscape today — China.
But today I’m discussing what is by far the most alarming topic on the geopolitical landscape today. That’s the war in Ukraine and the dangers of escalation.
I’ve written extensively about two facets of the war in Ukraine that you don’t hear from legacy media in the United States or U.K. The first is that Russia is actually winning the war.
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U.S. outlets such as The New York Times (a channel for the State Department) and The Washington Post (a channel for the CIA) report endlessly about how Russian plans have failed, about how incompetent they are about how the Armed Forces of Ukraine (AFU) have pushed back Russians in the Donbass, and how NATO weapons such as U.S. Abrams tanks, U.K. Challenger tanks and German Leopard tanks will turn the tide against Russia soon.
This is all nonsense. None of it is true.
Reality Check
First off, the Ukrainian advances that took place in late summer were against lightly defended positions that the Russians quickly conceded to conserve forces. The Russians were willing to give up the land so that they wouldn’t lose valuable men and materiel.
The Russians withdrew to more defensible positions and have been badly mauling Ukrainian attacking forces ever since. Ukraine has wasted incredibly large amounts of men and equipment in these futile and ill-advised attacks.
In all, credible reports indicate that AFU casualties are nearing 500,000 and are increasing at an unsustainable rate. On the other hand, reports of 100,000 Russian dead are almost certainly wild exaggerations put out by Ukraine. The BBC attempted to verify these numbers and could only find about 20,000 confirmed Russian dead based on extensive searches on funeral notices, public records, etc.
Send in the Tanks — Eventually!
What about the tanks NATO is supposedly sending? Well, the tanks have not been delivered yet and most won’t be for months or longer. Our own M1 Abrams tanks might not even arrive for a year or more.
We actually have to custom build these tanks so that they don’t have the special armor and other advanced systems that our own M1s have. The Pentagon doesn’t want them falling into Russian hands if they’re destroyed or captured. Besides, we’re only sending 31 tanks anyway.
When the NATO tanks do arrive, they’ll likely quickly be destroyed by Russian artillery, anti-tank weapons and precision missiles. They’re good tanks, but far from invincible. For decades, the Russians have been developing powerful weapons specifically designed to destroy these NATO tank models. The Russians aren’t particularly worried about them.
Aside from that, tanks rely on effective air cover for protection, which Ukraine lacks. They’ll be sitting ducks on the battlefield. It doesn’t really make sense to send tanks to Ukraine unless you send combat aircraft to give them cover (more on that below).
Russia’s Winning on the Battlefield
Meanwhile, Russian forces have nearly encircled the city of Bakhmut, which is a major transportation and logistics hub, with several key roads and rail lines passing through it. It’ll probably fall to the Russians within weeks.
Losing Bakhmut will be a major blow to Ukraine, despite claims in the western media that it really isn’t very important. Ukraine’s entire 800-mile defensive line would probably begin to crumble, and they don’t have heavily fortified positions to fall back on. Ukrainian troops, while brave and competent soldiers, are exhausted and running out of supplies as it is.
On top of that, it appears likely that Russia is preparing a devastating offensive with massive amounts of men, tanks, armored personnel carriers, artillery, helicopters, drones and fixed-wing aircraft.
This Russian army is not the same army that invaded Ukraine a year ago. It’s much better trained, led and equipped. It’s learned from the mistakes it made during its initial invasion last February. Ukraine shouldn’t expect them to repeat those mistakes.
Does all this mean I’m cheering on a Russian victory in Ukraine? No, I’m just observing the facts on the ground and consolidating them to perform an objective analysis.
That analysis leads me to believe that Russia will win the war militarily. Western military assistance may prolong the fighting but won’t affect the ultimate outcome. It’ll just delay the inevitable and get a lot more people needlessly killed.
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