Thread: Economic sanctions

Originally Posted by harrybarracuda

Every time Puffy tinkers with oil and gas supplies it just convinces all these governments to switch to a more reliable partner.



Remember that fucking horseshit you posted a while back?



Proving once again that Puffy is a lying c u n t and you're an idiot for believing him.

First off Russia has not used gas as leverage once. Europe sanctions Russia and then when the gas stops coming, they cry that Russia is using gas as leverage.

Second , what gave anyone the idea that Qatar and Russia are enemies ? Both have money in each others projects. But buy some gas Qatar if it makes you feel good.

Russia'''s Rosneft says Qatari fund to pay 3.7 billion euros for Rosneft stake | Reuters

Funny how we have the Qatar bullshit all over again. Just like in February.

Qatar says "almost impossible" to quickly replace Russian supplies to Europe | Reuters

From a long time ago but the point stands. Iran Russia and Qatar cooperate

Iran, Russia, Qatar stengthen gas ties

Originally Posted by harrybarracuda

Every time Puffy tinkers with oil and gas supplies

Some meat to your accusation may support your view.

Originally Posted by OhOh

Some meat to your accusation may support your view.

Trying reading the posts in this and the other threads instead of just blindly posting propaganda bullshit (and you don't even read that either, you bumbling buffoon).

Britain imposes new sanctions against Russia, they include a ban on the export and use of pounds sterling and banknotes of EU countries in the Russian Federation.

Russia says thanks. This helps keep capital inside Russia

Originally Posted by Backspin

Russia says thanks. This helps keep capital inside Russia

In that case why are they so worried about not being able to bring in foreign bought goods through their Baltic enclave, surely by your logic that works for Russia.

Originally Posted by malmomike77

In that case why are they so worried about not being able to bring in foreign bought goods through their Baltic enclave, surely by your logic that works for Russia.

You have that flow backwards. The goods flow into Kaliningrad from Russia.

Lithuania reneged on one of its terms of sovereignty. That's not very smart.

23 Jun, 2022 07:50

HomeWorld News

Fed chief at odds with Biden over cause of US inflation

Russia’s military operation in Ukraine is not the ‘primary driver,’ Jerome Powell told lawmakers

"The chairman of the US Federal Reserve has rejected the White House’s assertion that soaring inflation in the country is mostly being driven by the crisis in Ukraine. During a Senate hearing on Wednesday, Jerome Powell pointed out that inflation was high even before Russia attacked its neighboring state.He was responding to a question from Senator Bill Hagerty of Tennessee, who said the situation with prices in the US had many driving factors, including “supply-chain disruptions, regulations that constrain supply… rising inflation expectations, and excessive fiscal spending.”

He then asked if Powell agreed with the Biden administration that the situation in Ukraine was the most influential factor, considering the dynamics of inflation over the past 18 months.

“No, inflation was high… before the war in Ukraine broke out,” the Fed chief said.

Wall Street Silver

@WallStreetSilv

Powell Throws Biden Under The Bus: 'Inflation Was High Before Ukraine'

Since Russia attacked Ukraine in late February, the White House has repeatedly blamed Russian President Vladimir Putin for causing inflation in the US. It even coined the term “Putin’s price hike.”

“We know that 61% of [recent inflation] is driven by the price – by energy costs, by Putin’s invasion into Ukraine,” Jen Psaki, who was the White House press secretary at the time, told reporters in late April.

Last Sunday, the White House tweeted that the situation in Ukraine was “the biggest single driver of inflation” in the country. Senator Hagerty described this as “misinformation” and said in his exchange with Powell that it was an attempt to deflect blame.

Later in the day, Secretary of Energy Jennifer Granholm was asked about Powell’s response during a press conference.

“Most would say that the price of fuel has exacerbated inflation,”

she said, claiming that the war in Ukraine had increased prices by diminishing supply."

DDOS-GUARD

Double post.

Originally Posted by panama hat

Show us where this is stated in their 'terms of sovereignty, please.


Luckily Russia never 'renegs' on anything

That wouldn't be like Russia guaranteeing Ukraine sovereignity if it gave up its nuclear weapons would it?

Is US/NATO (with WEF help) pushing for a Global South famine?

By Michael Monday, June 6, 2022

Is the proxy war in Ukraine turning out to be only a lead-up to something larger, involving world famine and a foreign-exchange crisis for food- and oil-deficit countries?

"Many more people are likely to die of famine and economic disruption than on the Ukrainian battlefield. It thus is appropriate to ask whether what appeared to be the Ukraine proxy war is part of a larger strategy to lock in U.S. control over international trade and payments. We are seeing a financially weaponized power grab by the U.S. Dollar Area over the Global South as well as over Western Europe. Without dollar credit from the United States and its IMF subsidiary, how can countries stay afloat? How hard will the U.S. act to block them from de-dollarizing, opting out of the U.S. economic orbit?"

"The question is, is it more than just “benign neglect”? At what point does depopulation policy become conscious? One need merely look at the Baltic disaster. Since 1991 the populations of Latvia, Estonia and Lithuania have declined by over 20%, primarily because the working-age population has had to emigrate to the rest of Europe in order to find work. Neoliberal policy kills – as the world saw in Russia after 1991, echoed in Ukraine."

"The Biden administration blames Russia for “unprovoked aggression.” But it is his administration’s pressure on NATO and other Dollar Area satellites that has blocked Russian exports of grain, oil and gas. Many oil- and food-deficit countries see themselves as the primary victims of the “collateral damage” caused by US/NATO pressure."

Is world famine and balance-of-payments crisis a deliberate US/NATO policy?

On June 3, African Union Chairperson Macky Sall, President of Senegal, went to Moscow to plan how to avoid a disruption in Africa’s food and oil trade by refusing to become pawns in the US/NATO sanctions. So far in 2022, President Putin noted: “Our trade is growing. In the first months of this year it grew by 34 percent.”[4]

But Senegal’s President Sall worried that: “Anti-Russia sanctions have made this situation worse and now we do not have access to grain from Russia, primarily to wheat. And, most importantly, we do not have access to fertilizer.”

The African Union is not a policy-making body. A viable response will require a critical mass, and that means that it will have to come in conjunction with China and Russia. An institutional response and alliance along such lines is what US/NATO pressure is aiming to prevent. U.S. diplomats are forcing countries to choose whether, in George W. Bush’s words, “you are either for us or against us.” The litmus test is whether they are willing to force their populations to starve and shut down their economies for lack of food and oil by stopping trade with the world’s Eurasian core of China, Russia, India, Iran and their neighbors.

Evidently some major dimensions are missing from the U.S. national-security think-tank models. But when it comes to global famine, was a more covert and even lager strategy at work? It is now looking like the major aim of the U.S. war in Ukraine all along was merely to serve as a catalyst, an excuse to impose sanctions that would disrupt the world’s food and energy trade, and to manage this crisis in a way that would afford U.S. diplomats an opportunity to not only lock in Western Europe but to confront Global South countries with the choice “Your loyalty and neoliberal dependency or your life – and, in the process, to “thin out” the world’s non-white populations that so worried Mr. Gates and the WEF?

The best one can say is that it is a case of gross negligence. But at some point benign neglect becomes malevolent. There is an obligation of nations to think of the consequences of their bellicose policies. These consequences must be deemed intentional if the consequences are quite obvious. In legal practice, gross negligence is punished as if the negligent party actually wrought damage.
American politicians take plains to avoid any sign that they recognize collateral damage (“external economies”) of their policies. But such negligence is a danger to the world. If a nation’s behavior is consistently damaging to other countries, the effect is as if it were planned. That is the case with America’s Cold War 2.0 policy, and with neoliberal economics generally.

Taking the looming disruption of trade and payments into account suggests that what appeared in February to be a war between Ukrainians and Russia is really a trigger intended to restructure the world economy – and to do so in a way to lock U.S. control over both Western Europe and the Global South. Geopolitically, the proxy war in Ukraine has been a handy excuse for America to seek to counter China’s Belt and Road Initiative (BRI).

The choice confronting Global South countries: to starve by paying their foreign bondholders and bankers, or to announce, as a new basic principle of international law: “As sovereign countries, we put our survival above the aim of enriching foreign creditors who have made loans that have gone bad as a result of their choice to wage a new Cold War. As for the destructive neoliberal advice that the IMF and World Bank have given us, their austerity plans were destructive instead of helpful. Therefore, their loans have gone bad. As such, they have become odious and we will not pay them.”

NATO’s policy has given Global South countries no choice but to reject its attempt to establish a U.S. food stranglehold on the Global South by blocking any competition from Russia, thereby monopolizing the world’s grain and energy trade. For many years the major grain exporter was the heavily subsidized U.S. farm sector, followed by Europe’s under its highly subsidized Common Agricultural Policy (CAP). These were the main grain exporters before Russia entered the picture. The US/NATO demand is to roll back the clock to restore food and oil dependency on the Dollar Area and its eurozone satellites.

The implicit Russian and Chinese counterplan

What is needed for the world’s non-US/NATO population to survive is a new world trade and financial system. The alternative is famine for much of the world. More people will die of the Western sanctions than will have died on the Ukrainian battlefield. Financial and trade sanctions are as destructive as military attack. So the Global South is morally justified in putting its sovereign interests above those of the wielders of international financial and trade weaponry.

• First, Global South countries need to reject the sanctions and reorient trade to Russia, China, India, Iran and their fellow members of the Shanghai Cooperation Organization (SCO). The problem is how to pay for imports from these countries, especially if U.S. diplomats extend sanctions against such commerce.

• There is no way that Global South countries can pay for oil, fertilizer and food from these countries and also pay the dollar debts that are the legacy of U.S.-sponsored neoliberal trade policy and the U.S. and eurozone protectionism that went with it.
  

• Therefore, the second need is to declare a debt moratorium – in effect, a repudiation – of the debts that represent loans gone bad. This act would be analogous to the 1931 suspension of German reparations and Inter-Ally debts owed to the United States. Quite simply, today’s Global South debts cannot be paid without subjecting debtor countries to famine and austerity.

• A third corollary that follows from these economic imperatives is to replace the World Bank and its pro-U.S. policies of trade dependency and underdevelopment with a genuine Bank for Economic Acceleration.

• Along with this institution is a fourth corollary in the form of the new bank’s sibling: a replacement for the IMF that is free of austerity junk economics and does not subsidize America’s client oligarchies or currency raids on countries resisting U.S. privatization and financialization takeovers.

• The fifth requirement is for countries to protect themselves by joining a military alliance as an alternative to NATO, to avoid being turned into another Afghanistan, another Libya, another Iraq or Syria or Ukraine.

The main deterrent to this strategy is not U.S. power, for it has shown itself to be a paper tiger. The problem is one of economic consciousness and will."

Is US/NATO (with WEF help) pushing for a Global South famine? | Michael Hudson

The Fed’s Austerity Program to Reduce Wages

By Michael Sunday, June 19, 2022

"To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs that pay less and less as the economy slows.

This class-war doctrine is the prime directive of neoliberal economics. It is the tunnel vision of corporate managers and the One Percent.

The Federal Reserve and IMF are its most prestigious lobbyists. Along with Janet Yellen at the Treasury, public discussion of today’s inflation is framed in a way that avoids blaming the 8.2 percent rise in consumer prices on the Biden Administration’s New Cold War sanctions on Russian oil, gas and agriculture, or on oil companies and other sectors using these sanctions as an excuse to charge monopoly prices as if America has not continued to buy Russian diesel oil, as if fracking has picked up and corn is not being turned into biofuel.

There has been no disruption in supply.

We are simply dealing with monopoly rent by the oil companies using the anti-Russian sanctions as an excuse that an oil shortage will soon develop for the United States and indeed for the entire world economy."

Continues at:

The Fed’s Austerity Program to Reduce Wages | Michael Hudson

That sounds a bit like snubby's "oh but this latest death ray will change the course of the war"- ie, wishful thinking, applied to the economic sanctions. They are not working, and furthermore have caused a move away from the USD as the virtual monopoly currency of international trade. Sure, they will cause some economic pain- but pose no existential threat to the Russian economy.

Originally Posted by sabang

They are not working, and furthermore have caused a move away from the USD as the virtual monopoly currency of international trade.

You really do live in a fantasy world.

Originally Posted by bsnub

You really do live in a fantasy world.

At least they have dropped all pretense now of being anything other than OhOhs anti western lackies with no credibility. OhOh is obviously Mo i'm just not sure which is Larry and which is Curly.

I have shown you the facts and figures combined with knowledgeable comment earlier in this thread. So carry on with your childish smilies and wishful thinking for as long as you want. It makes no difference to people that know how to read, and comprehend.

Originally Posted by sabang

I have shown you the facts and figures combined with knowledgeable comment earlier in this thread.

What a clown.

Originally Posted by sabang

knowledgeable comment

Typical boneheads, nothing to say beyond petulance and childishness. Which totally exposes the paucity of your 'argument '.