Saturday, June 29, 2024

 pcr's title say a lot under the headline. unintended consequences are a prime feature of life and disrupt things on a regular basis;


Will Washington’s Latest Sanctions Have Unintended Consequences?

Paul Craig Roberts

I have not paid close attention to the details of the sanctions Washington has imposed on Russia and on other countries that deal with Russia in sanctioned items, which in my impression are largely military related items. My view has been that the sanctions have been good for Russia by forcing Russia out of the globalist trap toward self-sufficiency. The sanctions have mainly hurt Europeans via higher energy costs and lost business opportunities. Thes sanctions also hurt Americans who invested in Russian oil and Russian financial instruments. These investments are now carried on US financial statements at zero value.

A report from the Hal Turner Radio Show sent to me from a reader in Europe claims that Bank of Russia official Vladimir Chistyukhin has concluded that Washington’s new sanctions have greatly expanded and now cut off every country from the dollar system whose banks process Russian payments. In other words, Washington is attempting to prevent Russia from engaging in any international transaction except perhaps those in which payments are made by the physical transfer of gold, as such payments can be made outside the banking system. Allegedly, Chistyukhin sees the expanded sanctions as Washington’s effort to destroy Russia by destroying the Russian economy. It does look like Washington’s effort to eliminate the import/export portion of the Russian economy.......more.......

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