Tuesday , November 5 2024
Home / Mike Norman Economics / Zero Hedge — Senators Seek “Crushing” Sanctions For Russia In New Bill

Zero Hedge — Senators Seek “Crushing” Sanctions For Russia In New Bill

Summary:
Let's see now. US is sanctioning Russia, China, North Korea, Venezuela, Cuba, Iran, and threatening the Philippines, Turkey and India for purchasing non-US weapons, as well as threatening secondary sanctions on everyone, with possible exceptions for allies, for purchasing Iranian oil after sanctions become effective. Oh, and did I mention the trade disputes with Canada and Mexico. Exactly who is isolated here? Talk about painting yourself into a corner. And economic warfare is a form of warfare. So WWIII is already on. Are you ready for it?Don't believe me? Notably, part of the legislation would require the State Department to make an assessment on whether Russia should be designated as a state sponsor of terrorism. At the same time, now that the Syrian Armed Forces are recapturing

Topics:
Mike Norman considers the following as important: ,

This could be interesting, too:

Matias Vernengo writes The Gift of Sanctions

Peter Dorman writes Monetary Sovereignty, Sanctions and Russian Economic Policy

Chris Blattman writes The invention of sanctions

Mike Norman writes Trump’s “Currency Manipulation” Con — Anne O. Krueger


Let's see now. US is sanctioning Russia, China, North Korea, Venezuela, Cuba, Iran, and threatening the Philippines, Turkey and India for purchasing non-US weapons, as well as threatening secondary sanctions on everyone, with possible exceptions for allies, for purchasing Iranian oil after sanctions become effective. Oh, and did I mention the trade disputes with Canada and Mexico.

Exactly who is isolated here? Talk about painting yourself into a corner.

And economic warfare is a form of warfare. So WWIII is already on. Are you ready for it?

Don't believe me?

Notably, part of the legislation would require the State Department to make an assessment on whether Russia should be designated as a state sponsor of terrorism.
At the same time, now that the Syrian Armed Forces are recapturing territory they are finding weapons manufactured in the US, Britain, France, and Israel in ISIS and Al Nusra stocks, as well as discovering the White Helmets fake-news-about-chemical-weapons production facility. Sorry, no made-in-Russia weapons.

Now exactly who are the terrorists here?

Zero Hedge
Senators Seek "Crushing" Sanctions For Russia In New Bill

Tyler Durden

Also at ZH

Meet China's "Secret" Space Control Listening Base In Argentina Now Alarming US Officials

US backs down on sanctioning India, eats crow. (For those whose first language is not English, "to eat crow" means to get humiliated.)

US Congress has passed its 2019 National Defense Authorization Act, granting India a waiver against punitive sanctions on countries who do business with the Russian defense industry, the Times of India has reported.
Sputnik International
US Exempts India From Sanctions Over Purchase of Russian S-400s - Reports

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *