Tag Archives: sanctions

The latest, and by far the most serious, round of US sanctions against Russia has shown two things very clearly—neither of which has received much publicity in the comments so far. The first is the extraordinary power of the modern state. The second is that when powerful states impose sanctions that limit one’s access to markets, technology and capital, the only remaining option turns out to be autarky.... The goal US policy in advancing global hegemony (American Empire) is to isolate...

The gift from the US that keeps on giving.Russia FeedRussian food production BOOMING thanks to import substitutions, Western sanctions Paul

Moving where the market is.Gives import substitution new meaning.Sputnik InternationalFrench Farmer Makes Fresh Start in Diary Production in Russian Village

After de-dollarization, cutting loose from Western, and especially American, technology.Russia and China will go their own way and are already doing so.Globalization is over, as the world breaks into separate regions, Global East and Global West, Global North and Global South.Presages growing conflict and a stepped-up arms race as the Post WWII "liberal order" breaks down.Sputnik InternationalUS Oracle Informs Russian Oil, Gas Companies About Joining Sanctions - ReportsSee alsoNow That the...

Trump has been bragging about the stock market's gains, but what we don't hear about is the fact that the US dollar has eroded badly. Since his election the dollar has fallen to a 3-year low.Trump is destroying the US dollar.I called this at the time of the election and I said it was based, at the time, on two things. 1) Trump's  proposed expansion of fiscal stimulus. (More spending and tax cuts.) And, 2) the ongoing rate hike campaign of the Fed, which is inflationary and therefore NOT...

The head of VTB Bank Andrei Kostin, who is currently in Davos at the Economic Forum, has spoken out in relation to the situation surrounding Western sanctions against Russia. "What we modestly call sanctions, in fact, is a full-scale economic war that aims to put tremendous pressure on our economy, to restrain its growth, to worsen the living conditions of our people, to worsen our economic development, and thus to influence the domestic political situation in our country, including the...

Is Bitcoin a Reaction to US Dollar Hegemony? Like Mike has been saying for some time. The DuranDe-dollarization and the rise of Bitcoin. Is there a connection between the two? Alex ChristoforouSee alsoThe iron fist of the US. As the launch of new ‘petro’ cryptocurrency draws near, a US government agency declared that this newcomer to the digital financial market may represent a violation of sanctions imposed against Venezuela, its issuer. Sputnik InternationalUS Treasury Warns About...

Short and significant.Russia Feed.One third of Russian currency assets are in the US – what if Washington freezes them?Dmitriy Sudakov

Background on international payments systems and Western monopoly — so far. While Russia's exclusion from SWIFT would be painful, there are workarounds, and the net effect would be to hasten the already developing de-dollarization that taking place owing the the US weaponing the USD-based system. Russia and China have already been taking steps to isolate themselves from a weaponized dollar. Now, it is a matter of time.The Vineyard of the SakerRussia without SWIFT KakaousiaSee also "SBP...

The Bank of Russia continues to sabotage Russia's economic recovery by over-estimating the effects of a hostile U.S. Congress. Who's afraid of the big bad wolf? Elvira Nabiullina.  Russia InsiderBank of Russia’s Worries Stifling GrowthTom Luongo