by Summary:
"Money" and "contract sanctity." This is now shaking the monetary and legal system — it's a combined system — established and run by the West, to which the West demands the ROW conform as it is interpreted by the West. Russia says, "NYET." Russia holds the goods here. Maybe freezing central bank assets and sanctioning payments wasn't such a good ideal after all. Actually, the politician did this all by themsevles even though expert opinion differed at the time. Now the reason for the reservations are becoming clear as trust in the Western "rules-based order" is breaking down as countries realize that the system in being weaponed against the ROW.The Vineyard of the SakerNew pure-bred ´Schrödinger-seizable´ eurosJorge Vilches for the Saker BlogRelatedReaping what you sow.Wondering how the
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
"Money" and "contract sanctity." This is now shaking the monetary and legal system — it's a combined system — established and run by the West, to which the West demands the ROW conform as it is interpreted by the West. Russia says, "NYET." Russia holds the goods here. "Money" and "contract sanctity." This is now shaking the monetary and legal system — it's a combined system — established and run by the West, to which the West demands the ROW conform as it is interpreted by the West. Russia says, "NYET." Russia holds the goods here. Maybe freezing central bank assets and sanctioning payments wasn't such a good ideal after all. Actually, the politician did this all by themsevles even though expert opinion differed at the time. Now the reason for the reservations are becoming clear as trust in the Western "rules-based order" is breaking down as countries realize that the system in being weaponed against the ROW.The Vineyard of the SakerNew pure-bred ´Schrödinger-seizable´ eurosJorge Vilches for the Saker BlogRelatedReaping what you sow.Wondering how the
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Moving forward
Dean Baker writes Health insurance killing: Economics does have something to say
NewDealdemocrat writes Retail Real Sales
Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications
Maybe freezing central bank assets and sanctioning payments wasn't such a good ideal after all. Actually, the politician did this all by themsevles even though expert opinion differed at the time. Now the reason for the reservations are becoming clear as trust in the Western "rules-based order" is breaking down as countries realize that the system in being weaponed against the ROW.
Michael Roberts Blog — blogging from a marxist economist
A Marshall plan for Ukraine?
Michael Roberts
The Vineyard of the Saker
New pure-bred ´Schrödinger-seizable´ euros
Jorge Vilches for the Saker Blog
Related
Reaping what you sow.
Wondering how the Western elite are sell their domestic populations on trillions more spent on international adventurism while convincing them that that there is no money available for domestic purposes. Maybe rising political unrest in the West?
A Marshall plan for Ukraine?
Michael Roberts
https://www.blogger.com/blog/post/edit/2761684730989137546/497069751548924831#
Also
A world economy in disarrayC. P. Chandrasekhar, Senior Research Fellow, PERI Political Economy Research Institute, UMASS Amherst, Professor (retired), Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi and former Visiting Senior Lecturer, School of Oriental and African Studies, University of London; Executive Editor of Deccan Herald Group of Publications Bangalore; Consultant, Bureau of Industrial Costs and Prices, Ministry of Industry, Govt. of India, and Research Associate, Centre for Development Studies, Trivandrum.
https://rwer.wordpress.com/2022/05/02/a-world-economy-in-disarray/
Also
Naked Capitalism
The Coming EU Embargo of Russian Oil, Russia’s Economic Challenges, and the Question of Operational Capacity
Yves Smith
The Coming EU Embargo of Russian Oil, Russia’s Economic Challenges, and the Question of Operational Capacity
Yves Smith
https://www.nakedcapitalism.com/2022/05/the-coming-eu-embargo-of-russian-oil-russias-economic-challenges-and-the-question-of-operational-capacity.html