The dark side of Britain's Russia derangement

Key Markets report for Wednesday, 5 March 2025

On Monday I wrote about Britain's "rare earths" hustle, suspecting that its purpose was to dupe the US into providing security guarantees for Ukraine. I cited a statement from Boris Johnson's recent interview from Kiev with "Good Morning Britain in which he expressed a certain contempt for Americans' rapacious greed, saying, " ... don't forget what we had to face in 1940-41 with the land lease deal - we had to give up a huge amount - bases in the Caribbean, in Newfoundland, Bermuda and so on, we got a lot of rust bucket destroyers in exchange ..."

For once, Johnson told the truth, only not quite the whole truth. The UK did in fact give up all those chunks of their empire to the US in exchange for 50 rust bucket destroyers. But there's more to the story. On Monday this week, British historian David Irving posted an illuminating clip from one of his lectures on World War II, explaining how the British nudged the United States to enter the conflict:

"Churchill finally hit on the idea in the middle of 1940, of buying from the United States 50 World War I destroyers which were completely useless, and exchanging them, in fact for valuable pieces of British Empire real estate. He gave to the United States bits of the Caribbean islands that were our colonies, he gave bits of Newfoundland and bits of British Guiana in return for 50 destroyers that were so useless, in fact, that not one saw action in World War II ... This was one of the methods that Churchill was using in an attempt to drag the United States closer and closer to the brink of war. Another method that he used was far more cynical. As he said to Ambassador Kennedy in June or July 1942 [I believe that Mr. Irving misspoke here, that the year was 1940, not 1942], Churchill said to Kennedy, 'You watch: when Adolf Hitler begins bombing London and bombing towns in Britain like Boston and Lincoln, towns with their counterparts in the United States, you Americans will have to come in, won't you? You can't just stand aside and watch us suffering. But he knew ... that Hitler had given orders that no British town was to be bombed. London was completely embargoed. The German Air Force was allowed to bomb ports and harbors and dockyards, but not towns as such. And Churchill was greatly aggrieved by this, and he wondered how much longer Hitler could avoid carrying on war like this. But Hitler, as we know, carried on until September 1940 without bombing any English towns. The embargo stayed in force. ... So there was no way that we could drag in the Americans that way unless we could provoke Hitler to do it. Which is why, on August the 25th, 1940, Churchill gave the order to the British Air Force to go and bomb Berlin. Although the Chief of the Bomber Command and the Chief of Staff of the British Air Force warned him that if we bomb Berlin, Hitler may very well lift the embargo on bombing British towns. And Churchill just twinkled, because it was what he wanted, of course. At 9:15 that morning, he telephoned, personally, the Bomber Command himself, to order the bombing of Berlin - 100 bombers to go and bomb Berlin. And they went out and bombed Berlin that night, and Hitler still didn't move. [Churchill] ordered another raid on Berlin and so it went on for the next seven or ten days until finally on September the 4th Hitler lost his patience and made that famous speech in the Sports Palace in Berlin which he said, this madman has bombed Berlin now seven times. If he bombs Berlin once more, then I shall not only just attack their towns, I shall wipe them out. ... A very famous speech. Of course, German schoolchildren are now told about the Hitler speech, they're not told what went first. They're not told how it came about. Churchill sent out deliberately to provoke the bombing of his own capital. And on the following day, Churchill ordered Berlin bombed again."

Is this the same playbook?

The events Irving described reveal the methods pursued by the British ruling establishment to draw the United States into war on its side. What Keir Starmer is doing today seems to follow the same playbook: the minerals deal is the hook - the bribe to open the Americans to the possibility of committing to the British agenda. His recent statements corroborate this further: his government is doubling down on support for Ukraine in order to show the Americans that they're serious; they've encouraged Zelensky to sign a deal with Trump; they're trying to cobble up a "coalition of the willing," and place tripwire peace keeping troops in Ukraine. In addition, they're redoubling the efforts to portray Zelensky as a hero and a righteous freedom fighter. All this reflects Britain's monomaniacal, deranged obsession with destroying Russia.

Adding strikes against Britain into the mix could provoke outrage on top and encourage the US to step in with force in defence of Britain. This might explain Britain's dogged determination to continue providing air and sea drones, and Stormshadow missiles for Ukraine to strike deep inside Russia, even though this made little strategic sense. It only exacerbated the risk of a major escalation but otherwise could not reverse Ukraine's strategic defeat. Because the British government understands that the Russians are unlikely to take the bait their plan B could be to orchestrate a false flag attack. Recall, all of London's webcams mysteriously went dark in September 2024 and remain dark to this day.

It's hard to fathom why Britain can't let go of this obsession and seems perfectly willing to set the world on fire to achieve its ends. Thankfully, the world has changed since World War II. Britain is no longer a major power and it has precious little to offer the US to entice it to fight its wars. The agenda pursued by Keir Starmer and Boris Johnson is unlikely to succeed. In the process, I'm afraid, the ruling cabal will damage Britain beyond repair and the price, as usual, will be borne by the ordinary Britons who have next to nothing to do with their deep state's sinister obsessions.

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Trading signals for Key Markets, 5 March 2025

With yesterday’s closing prices we have the following signals: