Tag: sanctions are an act of war

Western Sanctions Against Russia Have Failed, and We’re All Paying for It

Guest Post by Gerald Celente

Putin called sanctions a failure.

Russian President Vladimir Putin said Monday that the Western sanctions that were intended to punish Moscow into submission and end its war with Ukraine have failed and, instead, hurt the very countries who imposed them.

Putin used a televised address to tell Russians the sanctions were “expected to quickly upset the financial-economic situation, provoke panic in the markets, the collapse of the banking system and shortages in stores.” But said the West’s “economic blitz” failed and backfired. He said they instead led to a “deterioration of the economy in the West.”

WATCH: WILL CHINA INVADE TAIWAN? GORDON CHANG TALKS WITH GERALD CELENTE

Last month, President Joe Biden told reporters that the sanctions imposed on Russia were not intended to prevent the 24 February invasion, but were intended instead to unite Europe and show its resolve.

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EU To Impose Full Embargo On Russian Oil Next Week, Will Send Price Above $185 According To JPMorgan

Via ZeroHedge

Update (13:15 ET): What was largely a theoretical modeling exercise until moments ago, is set to go live because Reuters reports that the EU is set to declare a full embargo on Russian oil after this weekend’s French election:

  • EU GAS PRICE TO SHOOT UP AS EU TO DECLARE EMBARGO ON RUSSIAN OIL AFTER FRENCH ELECTION NEXT WEEK – SOURCE

Why wait until after the election to launch the embargo? Simple: Europe’s bureaucrats are correctly terrified that the coming oil price spike to push the vote in Le Pen’s favor, which is why Europe will wait until after the election (when Macron will supposedly be the next president of France, as Belgium hopes) to announce it publicly.

More below (and in the full JPM report available to pro subs).

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Are we Following the Path of Pearl Harbor?

Guest Post by Martin Armstrong

The post-2024 period appears to be a significant global war – all-in sort of thing. But will also be intermixed with shortages in commodities thanks to also weather conditions. Currently, the Neocons who have control of the Biden Administration are totally insane. They have used an executive order to do these sanctions bypassing Congress for as long as they do not send troops, they claim it is not an official declaration of war that ONLY Congress can issue. They are showing to the entire world that the very authoritarian regimes they hate, Russian and China, are precisely what they are doing in the United States intentionally trying to invoke war which they fully understand will NOT be sanctioned by Congress or the people.

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Putin puts Biden’s King in Check

Guest Post by Martin Armstrong

The absolute stupidity of those in the Biden Administration will go down in history as probably the dumbest ever in the history of the world, not just the United States. Besides disrupting energy supplies, and subjecting the world to a shortage of wheat when Russia and Ukraine represent 30% of the world exports, Biden’s sheer stupidity in just reading what his staff of climate zealots tell him is beyond belief. There is a crisis unfolding even in base metals like nickel.

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China Warns Of Retaliation Amid US “Smears” Over Russian Assistance, Says “Not A Party” To This War

Via ZeroHedge

The Chinese Foreign Ministry warned on Tuesday that China would retaliate following a series of US statements which told Beijing not to assist Russia in either sanctions evasion or military equipment support for its Ukraine war.

“We call on the US not to harm China’s legitimate rights and interests when handling its relations with Russia,” ministry spokesperson Zhao Lijian stressed – however at this point it’s still at the level of US warnings and accusations, also after reports said that Moscow has even requested drones.

Zhao in a daily briefing was asked if China fears US sanctions amid charges that it’s quietly supporting Russia’s war effort in Ukraine: “The Chinese side has repeatedly expressed its position regarding sanctions. Beijing discourages the use of sanctions to settle problems and even more opposes unilateral sanctions that lack international legal grounds,” Zhao said.

TASS/Getty Images

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The Sanctions Bite the West, Not Russia

Guest Post by Paul Craig Roberts

We can see how much worse the sanctions are punishing US and Europe than they are punishing Russia by examining this article:

https://www.rt.com/news/551486-us-ban-oil-gas-russia/

The Covid lockdowns re-awoke inflation, something the Federal Reserve had been unable to do for more than a decade of massive money creation.  The lockdowns drove prices up by curtailing production.

The sanctions have added to these supply disruptions.  One question is: how much of the higher oil and gasoline prices is due to reduced supply, and how much to the scare factor and big oil jumping at the chance to raise prices behind the cover of sanctions and “disrupted markets.”

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Has Biden Unknowingly Begun World War III in Financial Markets?

Guest Post by Martin Armstrong

We have a very serious problem. I know where the advice to Biden and other world leaders is coming from, as they are telling them to seize all the assets of Putin’s “friends” to put pressure on him — their yachts, bank accounts, houses… everything. It is Bill Browder who was Safra’s partner in Hermitage Capital Management. This is because Putin seized all of the assets of Hermitage Capital Management over the blackmailing of Yeltsin. Putin wanted to question Browder – not kill because he was Safra’s partner. Browder is telling world leaders now to confiscate all Russian assets belonging to who he claims are Oligarchs.

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