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China and Russia Were Prepared for the Global Economic Crisis They Prompted the West to Initiate

By JD Rucker

When we look at damage being inflicted on the Russian people and businesses by the economic sanctions being placed on them by the West, it’s clear that they’re feeling more pain than we are. But as Joe Biden noted, the sanctions are causing food shortages across the globe. He also said the sanctions would influence Russia in the long-term. Is he right?

Probably not. Even though Russians are feeling more of an impact than we are, they are also much more prepared to handle it. Both Russia and China have four things going for them that the West does not have. First, they have a history of citizens living in destitution. President Ronald Reagan used to joke regularly about how bad things were for citizens in the Soviet Union. Millions of those people are still alive today. In other words, they’ve experienced the hardships and are more resilient to them than the vast majority of Americans. The same can be said about China whose people were still suffering through massive poverty just a couple of decades ago. In other words, they have much tougher skin for this sort of thing while most Americans have never gone a full day without food or water…

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