The use of a nuclear weapon by Russia in Ukraine would plunge the global economy into chaos, leading to food insecurity and high inflation, according to a declassified national security document.
The National Intelligence Council’s (NIC) memorandum from November 2022, titled “Potential Global Economic Consequences of a Use by Russia of Nuclear Weapons in Ukraine,” was declassified by Director of National Intelligence Avril Haines in September.
The NIC, established in 1979, reports to the Office of the Director of National Intelligence and bridges the Intelligence Community with policy makers in the United States.
Unsurprisingly, the document states that a nuclear attack on Ukraine would trigger long-term global financial instability, push emerging markets into default, and lead to food insecurity.
U.S. intelligence community issued a classified assessment concluding that nuclear war would be bad for the economy. Wow, thanks for that pic.twitter.com/9PQq5eOrhA
— KLIPNEWS (@klipnewsorg) November 19, 2024
“We assess that use by Russia of a nuclear weapon in Ukraine would further disrupt the global economy, leading to additional volatility in financial and commodity markets — including energy markets — higher inflation, increased food insecurity, and declining economic growth,” the memorandum states.
“This volatility would further strain countries’ ability to maintain financial and political stability. We have low confidence in our ability to predict the duration and severity of economic disruptions because they are subject to a range of key uncertainties, and we have no precedent against which to benchmark.”
“Key uncertainties include the scope of the nuclear weapon or weapons used, the impact of the use of nuclear weapons on the course of the war, potential US and allied responses — including possible military steps, financial sanctions, and trade restrictions — financial markets sell-offs, energy market disruptions, and the reactions of foreign firms that still do business with Russia,” the document reads.
The memo went on to warn that Russia using a nuclear weapon would “push some or all” emerging market economies “into default.”
But despite the largely negative impact such an event would have on the global economy, the memo notes that it would also be favorable to the U.S., causing the U.S. dollar to soar and attracting global investments into America.
“The dollar almost would certainly appreciate following any use by Russia of a nuclear weapon because the demand for safe haven assets would pull additional investments into U.S. financial markets,” the memo states.
The dollar’s rise is particularly notable given the the future of its world reserve currency status has been called into question with the development of BRICS nations formulating a de-dollarization initiative.
The odds of Russia using a nuclear weapon in Ukraine have risen dramatically after Ukraine launched U.S.-supplied ATACM missiles in Russian territory on Tuesday after Joe Biden on Sunday lifted the restrictions on Ukraine’s use of the long-range missiles into Russia.
Russian President Vladimir Putin warned in September that this exact scenario constitutes an official act of war by NATO because those missile systems cannot be operated without NATO assistance.
Ukraine launched six ATACM missiles into the western Bryansk region of Russia, destroying a military installation which had large stockpiles of anti-aircraft missiles, munitions for multiple launch rocket systems, artillery ammunition, and guided bombs.
In response, Putin signed a new nuclear doctrine on Tuesday allowing for a potential nuclear response by Moscow even to a conventional attack on Russia by any nation that is supported by a nuclear power.
Director General of Russia’s Institute for Political Studies Sergey Markov, a spokesman for Putin, issued a chilling warning Tuesday that the West could see a nuclear response by Christmas.
“So, we regard this as the start of a direct war by Britain, America and France against Russia, another nuclear power. American rocket missiles against our territory. This is a clear escalation of the war,” he said.
“I think Biden, [French President Emmanuel] Macron and [UK Prime Minister Keir] Starmer want escalation which could lead to, from my understanding, in the worst scenario, the nuclear war happens before Christmas of this year.”
“Probably you will not be able to say ‘Merry Christmas’ because you will stay in the hole trying to hide away [your] family from the nuclear catastrophe. It can develop very, very quickly,” he added.
It appears the Biden regime is goading Russia into triggering a nuclear response ahead of President-elect Donald Trump’s inauguration in January.
Read the full NIC document: