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A link to John Helmer's post was provided here at MNE yesterday. It is posted to Naked Capitalism today, prefaced with Yves' comments, which are worth reading. So is Helmer's article if you didn't catch it yesterday."Combined Biden" is banking on the economic war along with proxy war to bring down Russia instead of directly involving the US and NATO in kinetic warfare, which neither the American or European public are ready for, owing to the cost, and which neither the US or NATO militaries are prepared for either.So that is a lot hanging on the outcome of this challenge that Russia is facing. The US has yet to employ secondary sanctions, preferring pressure and threats at this point. But if secondary sanctions would come into play, the world economy could be seriously affected if
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A link to John Helmer's post was provided here at MNE yesterday. It is posted to Naked Capitalism today, prefaced with Yves' comments, which are worth reading. So is Helmer's article if you didn't catch it yesterday.A link to John Helmer's post was provided here at MNE yesterday. It is posted to Naked Capitalism today, prefaced with Yves' comments, which are worth reading. So is Helmer's article if you didn't catch it yesterday."Combined Biden" is banking on the economic war along with proxy war to bring down Russia instead of directly involving the US and NATO in kinetic warfare, which neither the American or European public are ready for, owing to the cost, and which neither the US or NATO militaries are prepared for either.So that is a lot hanging on the outcome of this challenge that Russia is facing. The US has yet to employ secondary sanctions, preferring pressure and threats at this point. But if secondary sanctions would come into play, the world economy could be seriously affected if
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Mike Norman considers the following as important:
This could be interesting, too:
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"Combined Biden" is banking on the economic war along with proxy war to bring down Russia instead of directly involving the US and NATO in kinetic warfare, which neither the American or European public are ready for, owing to the cost, and which neither the US or NATO militaries are prepared for either.
So that is a lot hanging on the outcome of this challenge that Russia is facing. The US has yet to employ secondary sanctions, preferring pressure and threats at this point. But if secondary sanctions would come into play, the world economy could be seriously affected if countries choose their own interests in spite of US pressure, China being the wild card that could disrupt the global applecart.
US and Western behavior regarding this is likely not to be completely rational, considering that a lot of charge is associated with it — reputations on the line, cognitive-affective biases triggered, etc.