Most informed commentators have understood for many months now that the U.S./N.A.T.O. proxy war in Ukraine was lost before it began.
The difference between Vietnam, Afghanistan and Ukraine, is that there were plausible excuses for the first two defeats. There are none for Ukraine.
The mission statement was obvious: Ukraine, backed by the West, would beat the Russian army. The Russian economy would collapse and the Putin government would be forced from power and a new government, more amenable to being screwed by the West, would be installed.
The complete, utter and devastating failure of that strategy is now clear to see for even many of those initially susceptible to the crude propaganda.
There is no ambivalence. The U.S./N.A.T.O./Ukraine lost; Russia won.
This open and crushing defeat of the West is a milestone in post-WW2 Geo-politics.
So, what happens now?
The continuing impoverishment of Europe and the U.K. is set in stone. It will speed up. But what are the other ramifications?
Here I devolve into sheer guess work. Times of chaos do not allow for anything else but the noting of possibilities.
Firstly, the U.S. may recover economic ground. Doubtless, some European industries will relocate to the U.S. which is marginally energy independent. It is reasonable to predict that the climate cultists will finally be side-lined and the U.S. energy sector re-vitalised. This is no time for indulgent fantasies.
Many established industries will collapse. The loss of such major markets as Europe and the U.K. will impact across the planet. Large, old-established businesses are the least able to react quickly. Only fleet of foot businesses will survive what is coming.
Big corporations are businesses ruled by policies and procedures based upon past experience. The entrepreneurs who created the business by successfully predicting the future have long since departed. That is why so many major corporations will fail; they will not know how to react.
Some countries will do better than others, but only relatively. The world is entering a period of severe economic contraction. In some parts of the world (i.e. Europe and the U.K.), that means almost complete economic collapse accompanied by the usual riots, violence, crime and starvation attendant to such a situation.
The Middle East will see much less demand for its oil and will be reduced back to its natural insignificance. Africa will stay as exactly as it already is, but without the western handouts of money and medicine.
In countries such as China, India, Japan, South Korea and the U.S., there will be an economic depression accompanied by political convulsions.
The medical drug culture of the West, based as it has been for 100 years on the highly profitable palliative rather than curative model, will be irreparably (hopefully) damaged. The drugs will simply not be available due to manufacturing and/or distribution problems.
Watch the anti-depressant brigade go mad from withdrawal symptoms. Those poor souls comprise between 10 and 20% of the major western countries. Hordes of people from teenagers to bent over old pensioners will become raving loonies wandering the streets and shouting at the clouds. There will also be severe shortages of antibiotics and painkillers.
The sick and weedy will be culled.
How long will it take the world to recover? As long as it takes to remove all the government legislation that is the root cause of the collapse everywhere.
Free people trade peacefully and widely. Their enemy is always and everywhere and in all ages, over-reaching governments.