24 Comments
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Ed's avatar

I will make one observation: US grabbing 50% of revenues leaves only 50% of revenues to pay for extraction and refining..... That would put whoever is running the Ukraine operations in the hole!

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Davy Ro's avatar

The resources are in Russian held territory, it's all a media game show for the gullible.

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Occupy Schagen's avatar

Hi Davy... Putin made Trump an offer to jointedly explore (invest and run) 'minerals' in all of the territory of Russia. That means also the Arctic. It would prevent a war in the Arctic and more.

It fits Trumps Peace first and his business-mind.

Sander

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Occupy Schagen's avatar

Hi Ed...

The Investment is made not only in digging, but in the whole Process, from creating infrastructure up until the refining of the various 'minerals'. The revenue is the total of sold end products minus the investment. It is a joined enterprise.

Sander

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the suck of sorrow's avatar

King Donald has substantial support here in upstate New York. However, that support might waver just like household power should Ontario stop transmission to our grid.

Foresight seems to be a resource that is not availed to U.S. politicians.

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occamsrazorback22's avatar

Beautifully stated Julian. You nailed it.

Game, set and match.

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Frances Leader's avatar

The rare earth minerals are scattered all over Ukraine. Very little in the areas taken over by Russia. Please see the maps I have included in this post:

https://francesleader.substack.com/p/why-uk-wants-ukraines-cobalt-and

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Julian Macfarlane's avatar

Thank you for this. But I thought your article oversimplified things and is somewhat misleading, Estimates are that Russia controls 53% or more of Ukrainian mineral deposits that could be mined, and is moving to control more. So not "very little"! Keep in mind that Russia is on course to control all of the East bank of the Dniepr and likely mineral rich areas in along the west bank and north of Donbas, Also, you list just a few of the minerals of value.

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Frances Leader's avatar

I got those maps from Wikipedia so maybe they are inaccurate. However, the claims made by fear porn media are hardly geologically sound either, are they? We are being fed anti-Russian propaganda all the time and I tend to avoid that and actively contend with it. I do the same for China and Iran.

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Julian Macfarlane's avatar

Wikipedia is excellent for some things; awful for others. Rather inconsistent, But these maps, raise some interesting questions, which bear consideration.! :) I will do a little research in this. I have researched it previously. But maybe I should do it again! Anyway, thank you for this ! I will let you know what my research yields so you can compare with your own.

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Jack Sprat's avatar

Quite the deal Donny has squeezed out of the illegitimate zeezee. And didn't zeezee illegitimately sign away a lot of this stuff to fellow buffoon Starmer before he double illegitimately rehypothicated it to Donny? And what does Vlad Putin, the only guy who controls all this stuff, have to say about all this illegitimacy? Donny is a verbose fellow, who seems to verbificate on the fly. Anyway when something meaningful actually gets done we can pay attention.

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J M Hatch's avatar

Because the US memo went far beyond Ukraine's mineral wealth, but also required Ukraine to turn over majority ownership of assets like Odessa Port, that the real function isn't to make money from Ukraine but to give the USA a "valid" reason for "sleazing" Russia's frozen oversea reserves and taking them away from the EU and putting them into US Treasury. It gives a fig leaf to what would otherwise be a very nasty wakeup call to nations that still use US T-bills and deposits as backing for their own currencies. After all, development of resources by Western Capitalist methods requires long term stable peace, while the whole point of Ukraine is to create a festering sore on Russia's rump, ie: the mineral wealth thing is a headfake.

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J M Hatch's avatar

I should add the USA can't even develop it's own resource because the profit is too limited, and the time to pay back too slow. The USA is a financialized economy, only interested in the quick buck/fraud/theft. If these resources were developed and productive, then it would still require peace to continue to extract them profitably, which goes against the function of subverting Ukraine's government and turning the place into a festering sore.

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Dadda's avatar

I liked living in Japan because I didn't need to interpret facial expressions.

Interesting article at https://www.activistpost.com/autism-prevalence-insights-from-recent-interviews/ on autism and masking.

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illya kuryakin's avatar

I don't even want to think about the litany of undiagnosed "conditions" I surely have 😂 But,

🎶Nobody can tell ya

There's only one song worth singing

They may try and sell ya

'Cause it hangs them up to see someone like you

But you've gotta

Make your own kind of music

Sing your own special song

Make your own kind of music

Even if nobody else sings along

....🎶

Mama Cass

https://www.youtube.com/watch?v=mraLsg-G4wA

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Julian Macfarlane's avatar

thank you illya...

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Tim Sailor's avatar

https://m.youtube.com/watch?v=1pZKTbgftHQ

This discussion has some additional background on Putin's early days and actual actions taken that we were never told , excellent work from " Neutrality studies" Pascal is fantastic.

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Occupy Schagen's avatar

Thank You Julian...

I found out that i lived, i mean the separation between the seer and the seen, or Subject and Object(s) somewhere before my 4th year.

I remember clearly my first day at a kindergarten (In Holland at 4 years). I started crying, when the mothers left, because other children did that and i just joined in. I was there at the playing times at the back-garden (Amsterdam). Two play areas with sand, one in the open (wet sand) one with a Roof (dry sand). The wet sand was for boys and the dry sand for girls.

I remember i felt jealous because i would have liked to play with soft dry sand too.

But even some years later in another part of Amsterdam, started when i was six, I remember to walk on the streets with an open mind, no words, just the stream of the now. I liked being alone but i also liked playing with other kids.

After that time, my brain was more and more filled with words. It took me till i was 40 that i discovered that. And that there was something between the words and sentences of language...

We had a Loudspeaker, connected to the city's 'Radio Broadcasting' network with 4 channels: 1 & 2 for news and other things the Radio of the Netherlands were broadcasting. 2 channels with music, 1 classic one 'modern'. I immediately fell in love with music.

My mothers brother was Professor in Quantum Physics we call it now. I assume he was Autistic. He had built a collection of classical music on 78 rpm discs. Their older brother worked in high functions at Phillips, they made records too. It was the beginning of 'HiFi' and 33 1/3 rpm discs. So He gave my mother his collection of classical music on 78 rpm discs.

- GLORY !!! Beethoven, Mozart, and less known composers...

I found out that i am Autistic when i was 67, now ~11 years ago. I had walked the path through the Gate to 'Enlightenment' and realised that there was no Gate at all and nobody who walked through it. I realised myself that my life as ICT-Architect during working hours had been in hyperfocus mainly, also known as 'Flow' and 'Transient Hypo-Frontality', thinking in sensorimotor 3D-space +feelings (sometimes called pictures). That means temporary switching off your frontal Lobes to prevent overload of those.

OK.

Autism and Music = 'Minimal Music'.

1. short intro ->https://www.youtube.com/watch?v=uMdqF9LA5Hk

2. The Necks 'Sex' 1988->https://www.youtube.com/watch?v=ywu1G6WL118 (1 hour)

3. Canto Ostinato (Simeon ten Holt)->https://www.youtube.com/watch?v=pQakgryixO0 (1:40 hour)

- ' A journey into no-mans land...'

Enjoy...

Sander

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Julian Macfarlane's avatar

You are a constant source of enlightenment.

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Phil Wilson's avatar

While I accept your idea that Western media narratives about Russia are bullshit, I believe you may have overlooked some context - Jason Hickel has argued that GDP is a meaningless statistic as it tells you nothing about social outcomes. Russia has massive wealth inequality with the richest 1% controlling 50% of the wealth (sound familiar?). Consider Putin's 200 billion fortune - not the gauge of a benevolent autocrat is it? Russia has a shit ranking in longevity - 111th globally. Russia also has one of the world's highest suicide rates, and, you must realize, one of the planet's absolutely most horrific Covid responses - even worse than that of the US - which pursued a policy of criminal neglect.

My biggest fear is that Russia (newly allied with the US) may no longer set limits on US expansion. Whatever one might say about the gangster autocrat Putin, the US is the most murderous, predatory power in human history, and we don't yet know how Russian shifts in the order of things will ultimately impact the US lust for conquest and genocide.

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Davy Ro's avatar

Putin's 200 billion fortune??? I didn't realise he confided his wealth to Westerners. If you got that figure from the other comments you made. I'd seriously start getting your information from different sources.

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Phil Wilson's avatar

The exact figure is not important, but the attempt to whitewash Putin is. Consider this from the World Socialist Web Site:

"The Kremlin is also increasingly supporting the integration of the Orthodox Russian Church, which has historically emerged as a bulwark of far-right, counter-revolutionary and antisemitic tendencies in Russia, into secular institutions in order to “increase the spirituality of the people.” Moreover, Putin has publicly supported the anti-abortion and anti-migrant movement. The promotion of extreme nationalism and the build-up of far-right forces are fundamentally directed against the working class. The aim is to both divide and confuse workers, while encouraging and building up the far-right forces that the oligarchy will rely on to defend its interests against any movement developing in the working class."

The real issue here is not an exact rendering of Putin's wealth (he lives "in a cardboard box 'neath the overpass" - apologies to Bruce Springsteen) but the essential reactionary, anti working class, oligarch driven nature of Putin's fascism. You were careful not to challenge my assertion that Russian social inequity rivals that of the US. I have reliable leftist sources for that, whereas my figures on Putin's total holdings are (I confess) pulled from the mainstream press.

The war in Ukraine is a battle between two reactionary imperialist regimes both facing collapse. I hope that Putin avoids an alliance with the Nazi wannabe Trump regime and stays with BRICS. Have no illusions about Putin. He is no friend to the working class.

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El dragon's avatar

Buy me a coffee is no longer an option on your Substack!!!

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Julian Macfarlane's avatar

Substack paid subscriptions are not an option for me -- and never have been, That's why I provide a link at the end of the article, https://buymeacoffee.com/julicow. This allows me to provide very long articles in multiple document formats

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