Lester Golden
1 min readApr 14, 2023

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"I think of the war in Ukraine as one more effort to shore up and maintain the monopolies and structures that keep the wealthy in their places"

--I had no idea that Russia invaded Ukraine for the benefit of Skull and Bones, Bohemian Grove, the Koch brothers, Chief Twit Elon, tech schmuck Zuck, the Greenwich and the Hamptons' hedgies, Exxon and BP, the last of which took a $20bn writeoff on its Sakhalin Island JV with Rosneft. Could you kindly enlighten us with transcripts of the conversations Putin had with western tech, oil and finance titans about this joint venture. If Russia's war was such a money spinner, why was there a bear market starting in January 2022? I don't get it. Please enlighten me as to why our admittedly greedy oligarchs needed a war that burst the Bored Ape Yacht Club NFT and Bitcoin bubble to "keep.... in their places" with much lower asset prices than before.

So the war is the fault of the military-industrial complex which could make much more money if Ukraine weren't undersupplied. But Ukraine is chronically undersupplied, which means Lockheed-Martin, Raytheon, Northrup Grumman etc make much less money. Which is it? Ah, it's a monopoly capital conspiracy to do both simultaneously.

If you want to understand America's financialized and cartelized version of monopolistic and monopsonistic capitalism, watch this interview with fund manager Jeremy Grantham, a serial caller of burst bubbles and crashes: https://www.youtube.com/watch?v=ULcisguHRTg

A billionaire backing 65 climate tech startups with his venture fund.

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Lester Golden
Lester Golden

Written by Lester Golden

From Latvia & Porto I write to share learning from an academic&business life in 8 languages in 5 countries & seeing fascism die in Portugal&Spain in1974 & 1976.

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