Kevin Lamarque/Reuters
Russia, U.S. Edge Toward Economic Warfare -- Rob Garver, The Fiscal Times
Russia and the West appear to be moving ever closer to full economic warfare as U.S. and EU leaders prepare new and harsher sanctions on the Russian economy and Russian lawmakers discuss legislation that would give authorities in Moscow the ability to eject companies from Russia if they are headquartered in “aggressor nations” – defined as countries that have imposed sanctions on Russia.
In the nearly two weeks since a Malaysia Airlines passenger jet was shot down over Ukraine by Russian-backed separatists, Moscow’s posture toward the neighboring country has become more, rather than less aggressive. U.S. intelligence reports that arms and materiel have continued to flow across the Russian border to separatist units, and that the Russian military has been firing artillery rounds over the border in support of separatist units.
Read more ....
My Comment: The EU is imposing sanctions ... albeit reluctantly. The U.S. has been very aggressive, and will use it's dominance on global banking/financial markets to restrict credit and monies to Russia. It will also punish those countries who do not go along with U.S. sanctions and restrictions. Russia will retaliate by making it difficult for western companies to do business in Russia. Russia will also work with BRIC nations to search for and to develop alternative ways to transfer funds that would undermine the U.S. dollar's position as the world's reserve currency. Russia's growing energy sector will probably limit it's business relations with Western energy companies. In short .... this is going to hurt everybody .... the question that needs to be asked is .... who will be hurt the worse.
4 comments:
Economic Warfare?
"Russia will ... work ...to ... undermine the U.S. dollar's position"?
In that case Obama is Putin's best general!
You got me there Aizino. :)
I heard the 1st estimate of the the 2nd quarter GP. It was 4 percent. It beat economists expectations. When your 1st estimates are usually high and are subsequently revised down , statisticians, forecasters, economists would call that bias. The statistics is biased and that is a problem.
I have taken courses that have covered forecasting. Everything I learned in APICS and college tell me these people are a bunch amateurs or deluded professionals.
The just revised the final 2011 GDP estimate. They revised it down. This was all in the same news report. I expect 2nd quarter GDP to be revised down at least 2 times.
My spouse visited a old classmate in Beijei, who had married an Aussie FSO. He quit after about 15 years and went to work in the private sector checking out the fundamentals of companies. Within 5 or minutes 3 police officers where at the classmate's apartment asking questions. They stayed for 15 minutes. It was not tense but it was not enjoyable. The natives took it better than I did.
My question is "If after 2016 looks the same as now, how soon will it be before U.S. cops do the same thing?".
I heard the 1st estimate of the the 2nd quarter GP. It was 4 percent. It beat economists expectations. When your 1st estimates are usually high and are subsequently revised down , statisticians, forecasters, economists would call that bias. The statistics is biased and that is a problem.
I have taken courses that have covered forecasting. Everything I learned in APICS and college tell me these people are a bunch amateurs or deluded professionals.
The just revised the final 2011 GDP estimate. They revised it down. This was all in the same news report. I expect 2nd quarter GDP to be revised down at least 2 times.
My spouse visited a old classmate in Beijei, who had married an Aussie FSO. He quit after about 15 years and went to work in the private sector checking out the fundamentals of companies. Within 5 or minutes 3 police officers where at the classmate's apartment asking questions. They stayed for 15 minutes. It was not tense but it was not enjoyable. The natives took it better than I did.
My question is "If after 2016 looks the same as now, how soon will it be before U.S. cops do the same thing?".
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