Russia manufactures more than credit default swaps and has the largest number of graduating engineers they have abundant natural resources. The sanctions boomeranged on the west.
This whole analysis is based on the US mainstream narrative. number of assumptions are talen as gospel (eg there is no proof that Russia shot down MH14- many people think Ukraine did it because the thought Putin was on board - it was shot down over Ukraine,after all). Sanctions target the people while leaving the government unaffected. Sanctions act as a stimulus to find alternative markets or produce items internally. When South Africa was sanctioned, a neghbouring country suddenly bcame a major exporter of maize. Sanctions are generally ineffective and counter productive. Sanctioning a country likt Russia which is a major producer pf many important minerals and fuels. Much of what they accuse Russia of, the US is even moore guilty of. Seizing Russian assets is fuelling a wotldwide move from the dollar. By the way, Putin has an approval rating of over 80% - most Russians feel he is being too soft on Ukraine.
@@melvillesperryn9268 in fact, there's an entire book written about the overall failure of sanctions generally -- "The Economic Weapon" by Nicholas Mulder. And the more often they're used (and the US almost NEVER rescinds any sanctions once imposed) the less useful they have become. I suspect that they are levied more for domestic signalling purposes than anything else, so that US politicians can "be seen to be doing something" regardless of actual efficacy.
There's a profound macroeconomic ignorance at play among those who speak of Russia "paying for the war" from oil sales. The vast bulk of Russian war expenses are paid for in Rubles used to pay its soldiers and to operate its domestic armaments industry which provides the vast bulk of its weaponry and ammunition. Russia has all of the food, metals and fossil fuels it needs to conduct the war right inside its own borders -- what is it that these people suppose it is buying from outside with its oil revenues? Maybe some Chinese machinery, Iranian drones and North Korean shells -- that's about it.
kind of disturbing how a business reporter who went to Ukraine can have such a distorted view of reality. The defensive lines are shattering in Ukraine and many retired US military experts say that that there is no way Russia can lose now.
Russia manufactures more than credit default swaps and has the largest number of graduating engineers they have abundant natural resources. The sanctions boomeranged on the west.
This whole analysis is based on the US mainstream narrative. number of assumptions are talen as gospel (eg there is no proof that Russia shot down MH14- many people think Ukraine did it because the thought Putin was on board - it was shot down over Ukraine,after all). Sanctions target the people while leaving the government unaffected. Sanctions act as a stimulus to find alternative markets or produce items internally. When South Africa was sanctioned, a neghbouring country suddenly bcame a major exporter of maize. Sanctions are generally ineffective and counter productive. Sanctioning a country likt Russia which is a major producer pf many important minerals and fuels. Much of what they accuse Russia of, the US is even moore guilty of. Seizing Russian assets is fuelling a wotldwide move from the dollar. By the way, Putin has an approval rating of over 80% - most Russians feel he is being too soft on Ukraine.
@@melvillesperryn9268 in fact, there's an entire book written about the overall failure of sanctions generally -- "The Economic Weapon" by Nicholas Mulder. And the more often they're used (and the US almost NEVER rescinds any sanctions once imposed) the less useful they have become. I suspect that they are levied more for domestic signalling purposes than anything else, so that US politicians can "be seen to be doing something" regardless of actual efficacy.
Wait you mean a country that actually makes stuff(Russia) can always sell its assets while USA just prints more debt
There's a profound macroeconomic ignorance at play among those who speak of Russia "paying for the war" from oil sales. The vast bulk of Russian war expenses are paid for in Rubles used to pay its soldiers and to operate its domestic armaments industry which provides the vast bulk of its weaponry and ammunition. Russia has all of the food, metals and fossil fuels it needs to conduct the war right inside its own borders -- what is it that these people suppose it is buying from outside with its oil revenues? Maybe some Chinese machinery, Iranian drones and North Korean shells -- that's about it.
What wasn't addressed is whether sanctions undermine faith in the dollar. And is the US risking having the dollar lose its reserve status?
kind of disturbing how a business reporter who went to Ukraine can have such a distorted view of reality. The defensive lines are shattering in Ukraine and many retired US military experts say that that there is no way Russia can lose now.
Nice Tash
The world has changed, to simplify why sanctions failed,
Why does Saagar associate with an aspiring neocon?
First time here?
This isn't even Marshall's neocon maximum power level. Dude got paid by Israeli firms as a college student to astroturf protests lmao
Sad to see Malcolm just regurgitating neocon talking points