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The West’s self-defeating sanctions — Philip Pilkington

Summary:
Philip Pilkington makes the point that any competent economist or financial type would have been able to see why imposition of sanctions was insane and their effect would be opposite to that intended.Now that the policy has been adopted, it is impossible to back down without looking foolish, even though this policy is destroying Western economies and undermining the objective for which it was imposed — preservation of the unipolar order that emerged upon the collapse of the USSR.Well-played, if you were aiming the gun at your own feet.The CriticThe West’s self-defeating sanctionsPhilip Pilkingtonhttps://thecritic.co.uk/the-wests-self-defeating-sanctions/

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 Philip Pilkington makes the point that any competent economist or financial type would have been able to see why imposition of sanctions was insane and their effect would be opposite to that intended.

Now that the policy has been adopted, it is impossible to back down without looking foolish, even though this policy is destroying Western economies and undermining the objective for which it was imposed — preservation of the unipolar order that emerged upon the collapse of the USSR.

Well-played, if you were aiming the gun at your own feet.

The Critic
Philip Pilkington
https://thecritic.co.uk/the-wests-self-defeating-sanctions/
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.

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