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Tag "economic warfare"

Events Like These Only Happen Once Every Century (Sergey Glazyev)

Source: Business Online Magazine – Events Like These Only Happen Once Every Century March 27, 2022 Translated by Leo. Bolds and italics used for emphasise. “Events like these only happen once every century”: Sergei Glazyev on the breaking of an epoch and the change of ways. Is it possible to stabilize the ruble in three days? And why are the Ukrainian ‘zombies’ not giving up? “After failing to weaken the

The wave pain for the EU is now slowly turning into a tsunami of mutually reinforcing problems

This is great stuff!  RT reports: Ukraine ready to impose sanctions against any transit via its territory, including air flights and gas supplies to Europe, Prime Minister Arseniy Yatsenyuk said Friday.  Ukraine’s Parliament will vote on the sanctions on Tuesday.  Kiev has also prepared a list of 172 Russian citizens and 65 legal enitites to put under sanctions for “sponsoring terrorism, supporting the annexation of Crimea, and violating the territorial

Sanctions: Diplomacy’s Weapon of Mass Murder

Note: While I am taking a couple of weeks off, others are working hard and resisting the Empire with every ounce of energy. Today, my friend Soraya has sent me this excellent piece of the real WMD of our times: sanctions. I am most grateful to her for allowing me to publish it and for all her excellent work. The Saker Sanctions: Diplomacy’s Weapon of Mass Murder In 1945, the

The US-Iran economic war

By Pepe Escobar for the Asia Times Here’s a crash course on how to further wreck the global economy. A key amendment to the National Defense Authorization Act signed by United States President Barack Obama on the last day of 2011 – when no one was paying attention – imposes sanctions on any countries or companies that buy Iranian oil and pay for it through Iran’s central bank. Starting this

Michael Hudson explains why Federal Reserve will pump $600 billion more into the US economy and keep interest rates at historical low levels

This guy is, IMHO, the single best economist out there.  Highly, highly recommended! According to the BBC: German Finance Minister Wolfgang Schaeuble said the US policy was “clueless” and would create “extra problems for the world”. South Africa’s finance minister Pravin Gordhan warned that “developing countries, including South Africa, would bear the brunt of the US decision to open its flood gates without due consideration of the consequences for other

They get our oil and give us a worthless piece of paper (UPDATED)

It appears that Iran is on the offensive on the question of oil prices. First, the Iranian OPEC Governor, Mohammad Ali Khatibi, has disputed that supply is the cause of high oil prices blaming “international political tensions, a weak dollar and speculation” instead. Then Iran predicted that the price of oil would reach $150 “shortly” (Goldman Sachs agreed). A couple of weeks later, Iranian President Ahmadinejad urged OPEC members to

Banks recruited to wage financial war on Teheran

David Blair America is waging a financial war on Iran designed to isolate its economy from the world banking system and compel Teheran to abandon its nuclear programme. Step by step, the US Treasury is tightening the noose by persuading European and Japanese banks to join their American counterparts and stop conducting any transactions for Iranian clients. Deutsche Bank was the latest to begin closing all accounts held by any