AFP Photo / Daniel Roland
With $1.7 quadrillion debt and the present bailout policy that will inflate prices, we’ll see the West collapsing while China and Russia will not be responsible for it or able to help, Lawrence Freeman from Executive Intelligence Review Magazine told RT.

RT: The EU and the US are once again considering sanctions against Russia over mass protests in eastern Ukraine. Can Europe and the States actually afford to lose billions of dollars worth of contracts with Russia?

Lawrence Freeman: No, in fact the real victim is going to be the American and the European people because the Western financial system based in the city of London and Wall Street is going through a bailing, collapse, bankruptcy, and therefore the conditions in the West are horrible and will get far worse as a result of these kinds of economic policies imposed on Russia.

RT: If Europe and America freeze trade with Russia, Moscow will likely just turn to its biggest trading partner, China. Who’s going to win in such a scenario?

AFP Photo / Philippe Lopez LF: I think I would look at it a bit more strategically. There is actually an alliance – very deep alliance – between Russia and China, together with India, South Korea to actually go forward with economic development and especially space exploration, nuclear energy and high-speed rail infrastructure. This alliance, which Russia and China are the leaders of, is what is terrifying the Western countries, which is driving this confrontation, which could go all the way to the thermo-nuclear war because the Western system is collapsing and accelerate rate in Russia-China alliance with others is moving forward in a completely different direction. So really Russia and China will form greater ties and cooperation. You’ll see this with a visit of Lavrov to Beijing on Wednesday and President Putin next month. More