Tag Archives: Economic Sanctions

Europe Is Killing Itself With Its Russian Sanctions

Posted on by
Reply

By Paul Craig Roberts

Source: PaulCraigRoberts.org

The sharp rise in natural gas price in Europe is entirely due to Western hysteria and stupidity. According to the EU’s own data, Europe is dependent on Russia for 46% of its natural gas. In the face of such extraordinary dependency on Russian energy, the moronic European “leaders” are falling all over themselves imposing impotent sanctions on Russia.  The idiotic German Chancellor actually punished the German people for Russia’s recognition of the Donbass republics by “cancelling” the Nord 2 pipeline.  This foolish act was a prime reason for the hysteria that has caused a sharp rise in prices.  The price rise helps Russia–if she continues to supply Europe with energy.  It hurts Europe and whoever financed the Nord 2 pipeline. If the pipeline sits not operating, it cannot produce a revenue stream to service the capital invested in the pipeline.  I do not know who financed the pipeline. If it was Germany, then the chancellor’s sanctions on Russia have twice injured the Germans.

The EU’s 46% dependency on Russian natural gas is independent of the Nord 2 pipeline, the opening of which has been on hold due to Washington’s pressure on Germany. Therefore, the rise in gas price is not due to a reduction of supply, but due to speculation that Russia will reduce or cut off supply. Europe is served by other pipelines.  What if Russia responds to the EU’s “sanctions” by closing the pipelines that deliver 46% of Europe’s natural gas?  What would Europe’s fate be?

Russia has accepted sanctions without replying in kind.  Perhaps it is time for Russia to impose sanctions to teach the West a lesson.

In my opinion there is no reason for Russia to deplete its own energy resources by sharing them with its European enemies.  Perhaps the Russian government’s idea was that energy sales would be a source of foreign exchange earnings and that providing Europe with energy was in the interest of good relations with the West.

Now that the West has demonstrated that the West has no interest in good relations with Russia there is no point in the Russian energy sales.  As I pointed out ( https://www.paulcraigroberts.org/2022/02/22/russia-and-china-should-go-their-own-way/ ) Russia has no need for foreign exchange.  The Russian central bank can finance Russian economic development with no need of foreign involvement.  Russia’s holdings of instruments denominated in dollars or euros would just be confiscated by sanctions.

To summarize:  Europe brought the high energy price on itself with its thoughtless sanctions; the high prices benefit Russia and hurt Europe; Russia should consider turning off all natural gas to Europe and conserve its energy source for its own and China’s development.

Europe is nothing but a thorn in Russia’s side, a collection of Washington’s puppets.  Russia owes Europe nothing. 

The Native Land of the Hypocrite

Posted on by
Reply

By M. Reza Behnam

Source: Information Clearing House

“And what sort of lives do these people, who pose as being moral, lead themselves? My dear fellow, you forget that we are in the native land of the hypocrite.” ~ Oscar Wilde

In a recent TV interview, President Joseph Biden was asked if he believed that Russian President Vladimir Putin is a killer. In a display of foreign policy bravado and with little hesitation he replied, “yes.” It is telling that commentators rarely question the violent behavior of America’s presidents.

The United States has assumed the role of arbiter of good and evil, casting itself inevitably as a most decent nation with the right to condemn and punish others.

History has demonstrated that America’s belief in exceptionalism has bred an arrogance that has accustomed its leaders to believe they have the right to use their political and military power destructively around the world.

Before condemning the behavior of other nations, America needs a national truth and reconciliation reckoning with its own violent past and present. For a country to chart a new course it must make its injustices visible.

Putin is undoubtedly a ruthless autocrat, but he is not the only member of the “killer’s club.” One has only to consider the recent murders ordered by a U.S. president, former president, Donald Trump.

In violation of international law and existing U.S. executive orders, Trump ordered the killing of Iranian General Qasem Soleimani in January 2020. In addition to Soleimani, nine others died in the attack at the Baghdad International Airport. And in November 2020, Trump, with Israel as the conduit, assassinated Iranian nuclear scientist, Mohsen Fakhrizadeh.

America’s pattern of violence was ramped up with President George W. Bush’s war on terror – military assaults on Afghanistan, Iraq, rendition, CIA black sites (secret prisons), Guantanamo and the use of torture.

When President Barack Obama took office he expanded Bush’s use of “kill lists” – lists of human targets. Obama authorized hundreds of military drone strikes, which killed countless non-combatant civilians, including children. Without trial, he imposed the death sentence on alleged terror suspects. Trump continued his predecessors’ practices, with even fewer safeguards. The Biden administration is currently reviewing whether it wants to continue the policy of secretly killing people in countries around the world.

American presidents have ordered coups, invasions and wars in which millions have died. Some of the most obvious cases include Vietnam, Cambodia, Laos, Indonesia, Brazil, Chile, Guatemala, Congo, Nicaragua, El Salvador, Iran, Iraq (1991and 2003), Afghanistan, Pakistan, Somalia, Libya, Syria, and U.S. support for Saudi Arabia as it bombs civilians in Yemen.

Murder is not the only form of violence the United States has used to get its way.

Economic sanctions that deprive people of food, medicine and the ability to make a living have become the primary weapon of U.S. foreign policy. Hundreds of thousands of civilians have died as a result of U.S. embargoes and economic sanctions on countries such as Cuba, Iran and Venezuela, countries that have refused to acquiesce to U.S. demands.

The United States has been playing the role of global policeman since the Second World War. The people of one region in particular, the Middle East, have suffered immensely from Washington’s bluster, bullying, military aggression and financial pressures.

Since the attacks of 9/11, the Middle East has overwhelmingly come under U.S. control. American warships, bombers, drones and missile batteries and over 100,000 American troops blanket the region. Iran, Lebanon, Syria and Yemen are among the regional holdouts. Because of their refusal to bow to U.S.-Israeli pressure, they have faced devastating economic and military assaults.

To cement its hegemony, Washington has enlisted despotic Arab regimes and apartheid Israel as regional satraps. Despite the abysmal human rights records of its Arab Gulf allies, the United States provides them with access to the most lethal weapons to crush internal dissent. To maintain its imperial partnership with Israel,

America’s leaders have acquiesced to the war crimes committed by Israel in Gaza and the Occupied West Bank, and they have made certain that the Palestinians will continue to suffer and die in their own country.

Quite a record.

The Limits of American Destructiveness

Posted on by
Reply

By Dmitry Orlov

Source: Club Orlov

US foreign policy has always been directed at wrecking anything that wasn’t deemed sufficiently American and replacing it with something more acceptable—especially if that something allowed wealth to flow into the US from the outside. Compromises were reserved for the USSR, but even there the Americans constantly tried to cheat. For everyone else there was just submission, which was usually tactfully disguised as a positive—a seat at the big table which offered better chances for peace, prosperity and economic and social development.

Of course, it was a simple enough matter to pierce this veil of hypocritical politeness and to point out that the US, living far beyond its means, has only managed to survive by looting the rest of the world, but anyone who dared to do so would be ostracized, sanctioned, regime-changed, invaded and destroyed—whatever it took.

The US establishment has lavished its wrath on anyone who dared to oppose it ideologically, but it reserved its most extreme forms of malice for those who dared commit the cardinal sin of attempting to sell oil for anything other than US dollars. Iraq was destroyed for this very reason, then Libya. With Syria the juggernaut bogged down and stalled out; with Iran it is unlikely to ever get started.

Even the spineless European politicians are now forced to admit that US policies are designed to enrich certain American interests at the expense of their constituents; they understand by now that further denial would cause them further harm at the polls. Most insultingly to the American ego, US attempts at making Russia and China submit are being greeted with shrugs, titters and eye rolls. And now anybody who wants to can openly criticize the US and scheme behind its back.

How times have changed! US politicians and officials have abandoned all attempts at maintaining decorum and no longer disguise their rapacious, grasping ways. Instead of veiled threats, they now deploy big lies and fake threats. Focusing on the manufacture and dissemination of fakes, they have been attempting to use them to coerce obedience. There are the fake threats—Russian, Chinese, Iranian, North Korean, Cuban—that are used to call for discipline within NATO and for compliance with US unilateral sanctions.

There are also the fake (or false flag) events—a Boeing shot down over the Ukraine by “pro-Russian rebels”; the Skripal poisoning; fake chemical attacks in Syria preposterously blamed on the government; damaged oil tankers in UAE blamed on Iran. These fakes are being used as an an excuse to wreck everything—international security and trade agreements, the systems for insuring that these agreements are adhered to, and world trade.

Before the Americans would do their best to wreck anything that wasn’t theirs, then work to replace it with something that was theirs; but now they have nothing to offer as a replacement for what they are destroying. The only thing the US can offer China is Chinese victory in the trade war. China does not need the US, and this point is being rather loudly pounded home, not just by the Chinese government but by private companies and individuals as well.

First, there is a flood of countersanctions. In particular, a halt to the export of rare earth minerals will shut down electronics manufacturing and with it the entire US high tech sector. Then there are the bonuses to those who buy Huawei products and punishments for buying anything American, up to and including eating at McDonald’s. iPhones have been all but banned—not by the government but by peer pressure. Taking a trip to the US is now a firing offense. There is now a good chance that, caught up in this patriotic uplift, the Chinese are being prepared to make any sacrifice for the sake of outright victory in their trade war with the US.

But do the Americans still have the power to destroy? When Saddam Hussein decided to start selling oil for euros, the CIA organized a provocation that caused him to invade Kuweit as punishment for stealing Iraqi oil. This allowed the US to organize a gigantic expeditionary force with divisions from a large number of countries, including Syria and Egypt and pretty much all of NATO. After a decade of Hussein festering in place, a somewhat smaller coalition dealt him the coup de grâce, destroying Iraq in the process. The victims of the American invasion and occupation outnumber Saddam Hussein’s victims by orders of magnitude. Later, the same thing was done to Muammar Qaddafi, for similar reasons, and Libya is likely to remain as a ruin. There, some sort of minor coalition was cobbled together.

But now the US finds that it urgently needs to knock out Iran because otherwise it will be too late. It is time to form a new coalition and Mike Pompeo has started racing around Eurasia. First off, he offended the Germans by canceling his state visit with Angela Merkel on a moment’s notice and without offering a reason. Instead, he flew to Baghdad—a perfect location for launching an attack on Iran, except that the Iraqi response was a message of solidarity with Iran, willingness to mediate the US-Iranian dispute, and consideration of a ban on US troops on Iraqi soil.

And so Mike flew to Sochi, where he met with Russian foreign minister Sergei Lavrov and, briefly, with Putin. Most likely, Putin told him where he can stuff his war plans, and so Mike canceled his planned trip to Moscow, to avoid having Sergei Lavrov wipe his feet on him again. And so Mike flew on to Europe, where he got a quick “no” on Iran from EU foreign policy head Federica Mogherini and an outright refusal to meet from the foreign ministers of France, Germany and Great Britain. And so Mike flew back to Washington. You can’t tell anything by looking at his smirking fat mug, but I am sure that he was crying on the inside.

US actions around the world can now be compiled into two lists. The first list is of what the US has succeeded or may yet succeed in wrecking. The second list is of what the US wants to or has been trying to wreck but won’t be able to. There is no third list of what the US has managed to wreck and then make whole again. The challenge for the whole world is to move as many items as possible from the first list to the second list. There are many ways of going about doing this that do have a chance of working and one that doesn’t: negotiating with Americans. Because they lie and cheat and aren’t worth talking to.

On The Beach 2017

Posted on by
2

By John Pilger

Source: Axis of Logic

The US submarine captain says, “We’ve all got to die one day, some sooner and some later. The trouble always has been that you’re never ready, because you don’t know when it’s coming. Well, now we do know and there’s nothing to be done about it.”

He says he will be dead by September. It will take about a week to die, though no one can be sure. Animals live the longest.

The war was over in a month. The United States, Russia and China were the protagonists. It is not clear if it was started by accident or mistake. There was no victor. The northern hemisphere is contaminated and lifeless now.

A curtain of radioactivity is moving south towards Australia and New Zealand, southern Africa and South America. By September, the last cities, towns and villages will succumb. As in the north, most buildings will remain untouched, some illuminated by the last flickers of electric light.

This is the way the world ends
Not with a bang but a whimper

These lines from T.S. Eliot’s poem The Hollow Men appear at the beginning of Nevil Shute’s novel On the Beach, which left me close to tears. The endorsements on the cover said the same.

Published in 1957 at the height of the Cold War when too many writers were silent or cowed, it is a masterpiece. At first the language suggests a genteel relic; yet nothing I have read on nuclear war is as unyielding in its warning. No book is more urgent.

Some readers will remember the black and white Hollywood film starring Gregory Peck as the US Navy commander who takes his submarine to Australia to await the silent, formless spectre descending on the last of the living world.

I read On the Beach for the first time the other day, finishing it as the US Congress passed a law to wage economic war on Russia, the world’s second most lethal nuclear power. There was no justification for this insane vote, except the promise of plunder.

The “sanctions” are aimed at Europe, too, mainly Germany, which depends on Russian natural gas and on European companies that do legitimate business with Russia. In what passed for debate on Capitol Hill, the more garrulous senators left no doubt that the embargo was designed to force Europe to import expensive American gas.

Their main aim seems to be war – real war. No provocation as extreme can suggest anything else. They seem to crave it, even though Americans have little idea what war is. The Civil War of 1861-5 was the last on their mainland. War is what the United States does to others.

The only nation to have used nuclear weapons against human beings, they have since destroyed scores of governments, many of them democracies, and laid to waste whole societies – the million deaths in Iraq were a fraction of the carnage in Indo-China, which President Reagan called “a noble cause” and President Obama revised as the tragedy of an “exceptional people”. He was not referring to the Vietnamese.

Filming last year at the Lincoln Memorial in Washington, I overheard a National Parks Service guide lecturing a school party of young teenagers. “Listen up,” he said. “We lost 58,000 young soldiers in Vietnam, and they died defending your freedom.”

At a stroke, the truth was inverted. No freedom was defended. Freedom was destroyed. A peasant country was invaded and millions of its people were killed, maimed, dispossessed, poisoned; 60,000 of the invaders took their own lives. Listen up, indeed.

A lobotomy is performed on each generation. Facts are removed. History is excised and replaced by what Time magazine calls “an eternal present”. Harold Pinter described this as “manipulation of power worldwide, while masquerading as a force for universal good, a brilliant, even witty, highly successful act of hypnosis [which meant] that it never happened. Nothing ever happened. Even while it was happening it wasn’t happening. It didn’t matter. It was of no interest.”

Those who call themselves liberals or tendentiously “the left” are eager participants in this manipulation, and its brainwashing, which today revert to one name: Trump.

Trump is mad, a fascist, a dupe of Russia. He is also a gift for “liberal brains pickled in the formaldehyde of identity politics”, wrote Luciana Bohne memorably. The obsession with Trump the man — not Trump as a symptom and caricature of an enduring system – beckons great danger for all of us.

While they pursue their fossilised anti-Russia agendas, narcissistic media such as the Washington Post, the BBC and the Guardiansuppress the essence of the most important political story of our time as they warmonger on a scale I cannot remember in my lifetime.

On 3 August, in contrast to the acreage the Guardian has given to drivel that the Russians conspired with Trump (reminiscent of the far-right smearing of John Kennedy as a “Soviet agent”), the paper buried, on page 16, news that the President of the United States was forced to sign a Congressional bill declaring economic war on Russia.

Unlike every other Trump signing, this was conducted in virtual secrecy and attached with a caveat from Trump himself that it was “clearly unconstitutional”.

A coup against the man in the White House is under way. This is not because he is an odious human being, but because he has consistently made clear he does not want war with Russia.

This glimpse of sanity, or simple pragmatism, is anathema to the “national security” managers who guard a system based on war, surveillance, armaments, threats and extreme capitalism. Martin Luther King called them “the greatest purveyors of violence in the world today”.

They have encircled Russia and China with missiles and a nuclear arsenal. They have used neo-Nazis to install an unstable, aggressive regime on Russia’s “borderland” – the way through which Hitler invaded, causing the deaths of 27 million people.  Their goal is to dismember the modern Russian Federation.

In response, “partnership” is a word used incessantly by Vladimir Putin — anything, it seems, that might halt an evangelical drive to war in the United States. Incredulity in Russia may have now turned to fear and perhaps a certain resolution. The Russians almost certainly have war-gamed nuclear counter strikes. Air-raid drills are not uncommon. Their history tells them to get ready.

The threat is simultaneous. Russia is first, China is next. The US has just completed a huge military exercise with Australia known as Talisman Sabre. They rehearsed a blockade of the Malacca Straits and the South China Sea, through which pass China’s economic lifelines.

The admiral commanding the US Pacific fleet said that, “if required”, he would nuke China. That he would say such a thing publicly in the current perfidious atmosphere begins to make fact of Nevil Shute’s fiction.

None of this is considered news. No connection is made as the bloodfest of Passchendaele a century ago is remembered. Honest reporting is no longer welcome in much of the media. Windbags, known as pundits, dominate: editors are infotainment or party line managers. Where there was once sub-editing, there is the liberation of axe-grinding clichés. Those journalists who do not comply are defenestrated.

The urgency has plenty of precedents. In my film, The Coming War on China, John Bordne, a member of a US Air Force missile combat crew based in Okinawa, Japan, describes how in 1962 – during the Cuban missile crisis – he and his colleagues were “told to launch all the missiles” from their silos.

Nuclear armed, the missiles were aimed at both China and Russia. A junior officer questioned this, and the order was eventually rescinded – but only after they were issued with service revolvers and ordered to shoot at others in a missile crew if they did not “stand down”.

At the height of the Cold War, the anti-communist hysteria in the United States was such that US officials who were on official business in China were accused of treason and sacked. In 1957 – the year Shute wrote On the Beach – no official in the State Department could speak the language of the world’s most populous nation. Mandarin speakers were purged under strictures now echoed in the Congressional bill that has just passed, aimed at Russia.

The bill was bipartisan. There is no fundamental difference between Democrats and Republicans. The terms “left” and “right” are meaningless.  Most of America’s modern wars were started not by conservatives, but by liberal Democrats.

When Obama left office, he presided over a record seven wars, including America’s longest war and an unprecedented campaign of extrajudicial killings – murder – by drones.

In his last year, according to a Council on Foreign Relations study, Obama, the “reluctant liberal warrior”, dropped 26,171 bombs – three bombs every hour, 24 hours a day.  Having pledged to help “rid the world” of nuclear weapons, the Nobel Peace Laureate built more nuclear warheads than any president since the Cold War.

Trump is a wimp by comparison.  It was Obama – with his secretary of state Hillary Clinton at his side – who destroyed Libya as a modern state and launched the human stampede to Europe. At home, immigration groups knew him as the “deporter-in-chief”.

One of Obama’s last acts as president was to sign a bill that handed a record $618billion to the Pentagon, reflecting the soaring ascendancy of fascist militarism in the governance of the United States. Trump has endorsed this.

Buried in the detail was the establishment of a “Center for Information Analysis and Response”. This is a ministry of truth. It is tasked with providing an “official narrative of facts” that will prepare us for the real possibility of nuclear war – if we allow it.

Washington’s Global Economic Wars

Posted on by
Reply

bf82233ae78cbffa718c3c7768ed31afc418d015

By James Petras

Source: Axis of Logic

Introduction
During most of the past two decades Washington has aggressively launched military and economic wars against at least nine countries, either directly or through its military aid to regional allies and proxies.  US air and ground troops have bombed or invaded Afghanistan, Iraq, Pakistan, Libya, Somalia, Syria, Yemen and Lebanon.

More recently Washington has escalated its global economic war against major economic rivals as well as against weaker countries.  The US no longer confines its aggressive impulses to peripheral economic countries in the Middle East, Latin America and Southern Asia:  It has declared trade wars against world powers in Asia, Eastern and Central Europe and the Gulf states.

The targets of the US economic aggression include economic powerhouses like Russia, China, Germany, Iran and Saudi Arabia, as well as Syria, Yemen, Venezuela, Cuba and the Donbas region of Ukraine.

There is an increasingly thinner distinction between military and economic warfare, as the US has frequently moved from one to the other, particularly when economic aggression has not resulted in ‘regime change’ – as in the case of the sanctions campaign against Iraq leading up to the devastating invasion and destruction.

In this essay, we propose to examine the strategies and tactics underlying Washington’s economic warfare, their successes and failures, and the political and economic consequences to target nations and to world stability.

Washington’s Economic Warfare and Global Power
The US has used different tactical weapons as it pursues its economic campaigns against targeted adversaries and even against its long-time allies.

Two supposed allies, Germany and Saudi Arabia, have been attacked by the Obama Administration and US Congress via ‘legal’ manipulations aimed at their financial systems and overseas holdings.  This level of aggression against sovereign powers is remarkable and reckless.  In 2016 the US Justice Department slapped a $14 billion dollar penalty on Germany’s leading international bank, Deutsche Bank, throwing the German stock market into chaos, driving the bank’s shares down 40% and destabilizing  Germany’s financial system.  This unprecedented attack on an ally’s major bank was in direct retaliation for Germany’s support of the European Commission’s $13 billion tax levy against the US-tax evading Apple Corporation for its notorious financial shenanigans in Ireland.  German political and business leaders immediately dismissed Washington’s legalistic rhetoric for what it was: the Obama Administration’s retaliation in order to protect America’s tax evading and money laundering multinationals.

The chairman of the German parliament’s economic committee stated that the gross US attempt to extort Deutsche Bank had  all the elements of an economic war.   He noted that Washington had a “long tradition of using every available opportunity to wage what amounted to a  trade war if it benefits their own economy” and the “extortionate damages claim” against Deutsche Bank were a punitive example.  US economic sanctions against some of Germany’s major trade partners, like Russia, China and Iran, constitute another tactic to undermine Germany’s huge export economy.  Ironically, Germany is still considered “a valued ally” when it comes to the US wars against Syria, Afghanistan and Iraq, which have driven millions of refugees to Europe creating havoc with Germany’s political, economic and social system and threatening to overthrow the government of ‘ally’ Angela Merkel.

The US Congress launched an economic-judicial war against its closest ally in the Gulf region when it approved legislation granting US victims of Islamist terrorism, especially related to the attacks on September 11, 2001, the right  to sue the government of Saudi Arabia and seize its overseas assets.  This included the Kingdom’s immense ‘sovereign funds’ and constitutes an arbitrary and blatant violation of Saudi sovereignty.  This opens the Pandora’s Box of economic warfare by allowing victims to sue any government for sponsoring terrorism, including the United States!   Saudi leaders immediately reacted by threatening to withdraw billions of dollars of assets in US Treasuries and investments.

The US economic sanctions against Russia are designed to strengthen its stranglehold on the economies of Europe which rely on trade with Russia.  These have especially weakened German and Polish trade relations with Russia, a major market for German industrial exports and Polish agriculture products.   Originally, the US-imposed economic sanctions against Moscow were supposed to harm Russian consumers, provoke political unrest and lead to ‘regime change’.   In reality, the unrest it provoked has been mainly among European exporters, whose contracts with Russia were shredded and billions of Euros were lost.  Furthermore, the political and diplomatic climate between Europe and Russia has deteriorated while Washington has ‘pivoted’ toward a more militaristic approach.

Results in Asia have been even more questionable:  Washington’s economic campaign against China has moved awkwardly in two directions:  Prejudicial trade deals with Asian-Pacific countries and a growing US military encirclement of China’s maritime trade routes.

The Obama regime dispatched Treasury Secretary Jack Lew to promote the Trans- Pacific Partnership (TPP) among a dozen regional governments, which would blatantly exclude China, Asia’s largest economic power.   In a slap to the outgoing Obama Administration, the US Congress rejected his showpiece economic weapon against China, the TPP.

Meanwhile, Obama ‘encouraged’ his erstwhile ‘allies’ in the Philippines and Vietnam to sue China for maritime violations over the disputed ‘Spratly Islands’ before the Permanent Court of Arbitration.   Japan and Australia signed military pacts and base agreements with the Pentagon aimed at disrupting China’s trade routes.  Obama’s so-called ‘Pivot to Asia’ is a transparent campaign to block China from its markets and trading partners in Southeast Asia and Pacific countries of Latin American.  Washington’s flagrant economic warfare resulted in slapping harsh import tariffs on Chinese industrial exports, especially steel and tires.  The US also sent a ‘beefed up’ air and sea armada for ‘joint exercises’ along China’s regional trade routes and its access to critical Persian Gulf oil, setting off a ‘war of tension’.

In response to Washington’s ham-fisted aggression, the Chinese government deftly rolled out the Asian Infrastructure Investment Bank (AIIB) with over fifty countries eagerly signing on for lucrative trade and investment deals with Beijing.  The AIIB’s startling success does not bode well for Obama’s ‘Pivot to Pacific Hegemony’.

The so-called US-EU-Iran accord did not end Washington’s trade war against Teheran.  Despite Iran’s agreement to dismantle its peaceful uranium enrichment and nuclear research programs, Washington has blocked  investors and tried to undermine trade relations, while still holding billions of dollars of Iranian state assets, frozen since the overthrow of the Shah in  1979.  Nevertheless, a German trade mission signed on a three billion trade agreement with Iran in early October 2016 and called on the US to fulfill its side of the agreement with Teheran – so far to no avail.

The US stands alone in sending its nuclear naval armada to the Persian Gulf and threatens commercial relations. Even the Kingdom of Saudi Arabia, the longstanding enemy of the Iranian Islamic Republic, has agreed to a cooperative oil production arrangement at a recent OPEC meeting.

Washington’s declaration of economic warfare against two of its most strategic powerful allies, Germany and Saudi Arabia and three rising competitor world powers, has eroded US economic competitiveness, undermined its access to lucrative markets and increased its reliance on aggressive military strategies over diplomacy.

What is striking and perplexing about Washington’s style of economic warfare is how costly this has been for the US economy and for US allies, with so little concrete benefit.

US oil companies have lost billions in joint exploitation deals with Russia because of Obama’s sanctions.  US bankers, agro-exporters, high-tech companies are missing out on lucrative sales just to ‘punish’ Russia over the incredibly corrupt and bankrupt US coup regime in Ukraine.

US multi-national corporations, especially those involved in Pacific Coast transport and shipyards, Silicon Valley high tech industry and Washington State’s agro-export producers are threatened by the US trade agreements that exclude China.

Iran’s billion dollar market is looking for everything from commercial airplanes to mining machinery.  Huge trade deals have has been lost to US companies because Obama continues to impose de facto sanctions.  Meanwhile, European and Asian competitors are signing contracts.

Despite Washington’s dependence on German technical knowhow and Saudi petro-dollar investments as key to its global ambitions, Obama’s irrational policies continue to undermine US trade.

Washington has engaged in economic warfare against ‘lesser economic powers’ that nevertheless play significant political roles in their regions.  The US retains the economic boycott of Cuba; it wages economic aggression against Venezuela and imposes economic sanctions against Syria, Yemen and the Donbas region in eastern Ukraine.  While these countries are not costly in terms of economic loss to US business interests, they exercise significant political and ideological influence in their regions, which undermine US ambitions.

Conclusion
Washington’s resort to economic warfare complements its military fueled empire building.

But economic and military warfare are losing propositions.  While the US may extract a few billion dollars from Deutsch Bank, it will have lost much more in long-term, large-scale relations with German industrialists, politicians and financiers.  This is critical because Germany plays the key role in shaping economic policy in the European Union.  The practice of US multi-national corporations seeking off-shore tax havens in the EU may come to a grinding halt when the European Commission finishes its current investigations.  The Germans may not be too sympathetic to their American competitors.

Obama’s Trans-Pacific Partnership (TPP) has not only collapse, it has compelled China to open new avenues for trade and cooperation with Asian-Pacific nations – exactly the opposite of its original goal of isolating Beijing.  China’s Asia Infrastructure and Investment Bank (AIIB) has attracted 4 time more participants than Washington’s TPP and massive infrastructure projects are being financed to further bind ASEAN countries to China.  China’s economic growth at 6.7% more than three times that of the US at 2%.  Worse, for the Obama Administration, Washington has alienated its historically most reliable allies, as China, deepens economic ties and cooperation agreements with Thailand, Philippines, Pakistan, Cambodia and Laos.

Iran, despite US sanctions, is gaining markets and trade with Germany, Russia, China and the EU.

The Saudi-US conflict has yet to play-out but any escalation of law suits against the kingdom will result in the flight of hundreds of billions of investment dollars from the US.

In effect, Obama’s campaign of economic warfare may lead to the infinitely more costly military warfare and the massive loss of jobs and profits for the US economy.   Washington is increasingly isolated. The only allies supporting its campaign of economic sanctions are second and third rate powers, like Poland and current corrupt parasites in Ukraine.  As long as the Poles and Ukrainians can ‘mooch’ off of the IMF and grab EU and US ‘loans’, they will cheerlead Obama’s charge against Russia.  Israel, as long as it can gobble up an additional $38 billion dollars in ‘aid’ from Washington, remains  the biggest advocate for war against Iran.

Washington spends billions of US tax-payer dollars on its military bases in Japan, Philippines and Australia to maintain its hegemony in the Asia-Pacific region.   Its allies, though, are salivating at the prospect for greater trade and infrastructure investment  deals with China.

Economic warfare doesn’t work for the Washington because the US economy cannot compete, especially when it attacks its own allies and traditional partners.  Its regional allies are keen to join the ‘forbidden’ markets and share in major investment projects funded by China.  Asian leaders increasingly view Washington, with its ‘pivot to militarism’ as politically unreliable, unstable and dangerous.  After the Philippine government economic mission to China, expect more to ‘jump ship’.

Economic warfare against declared adversaries can only succeed if the US is committed to free trade with its allies, ends punitive sanctions and stops pushing for exclusive trade treaties that undermine its allies’ economies.   Furthermore, Washington should stop catering to the whims of special domestic interests.  Absent these changes, its losing campaign of economic warfare can only turn into military warfare – a prospect devastating to the US economy and to world peace.

 

Please note James Petras’s new collection of essays with Clarity Press:
THE END OF THE REPUBLIC AND THE DELUSION OF EMPIRE

ISBN: 978-0-9972870-5-9
$24.95 / 252 pp. / 2016

Supersize This, Putin: McDonalds Closes Crimean Locations

Posted on by
Reply

AC991E1E

Source: Collapse.com

Only in Obama’s America could something like this bit of ‘news’ be sold to the masses of asses by a corrupt cadre of state-corporate media that long ago chucked their first amendment responsibilities into the crapper to become careerist pressititutes riding on the rogue government gravy train. Those economic sanctions that have hurled at Russia with as much real effect as Zell Miller’s legendary “spitballs” now are getting some real clout as the punishment towards the reincarnated red menace grows a set of teeth.  McDonalds, the tip of the spear of the corporate American imperial conquest of the world is closing locations in Crimea. This comes much to the delight of moronic consumers of the cable ‘news’ tabloid infotainment that poisons their minds as surely as the artery clogging food at Micky D’s does to their bodies. It is a sardonically funny real life example of the thoroughly dishonest rhetoric of that pathological political cynic and closet Bircher Paul Ryan’s “full stomachs and empty souls” speech to the low-hanging fruit at the recent CPAC soiree.  Nothing could be more ironically truthful of the state of the American “consumer” today, whether it be focus group tested bullshit or cheap fast food that is being devoured.

Boy that is going to show Putin. I can practically see William Kristol, the Kagan Brothers, John McCain and the rest of the neocons popping the champagne corks over this latest fusillade of indignity. Considering the insane levels of hubris, delusion and arrogance among the “end of history” crowd I can really imagine that they think that depriving Russians of greasy, unhealthy American fast food is going to ignite their desired color revolution that will bring about regime change in Russia. What a bunch of  reckless and dangerous dummies and Obama and his Skull and Bones stooge John Kerry are no better. With the latest edition of the impossible dream of Israel accepting a peace deal with the Palestinians now going up like a flaming bag of dogshit John Kerry has officially become the grand marshal of the US fool’s parade. My God, what a mind boggling fiasco of a first year on the job in thoroughly screwing up everything that the stammering ass from Mass got involved in, wasn’t John Bolton available? Good God Obama, did it ever dawn on you that there was a reason why the Republicans supported Kerry for the Secretary of State gig? How is that “Team of Rivals” thing workin’ out for you now?

The news of McDonalds pulling out of Crimea is already being picked up and fed through the echo chamber with the launching pad being th neocon transmission station at the Washington Post. While it hasn’t reached the columns of the A team of propagandists over at Pravda on the Potomac, namely neocon war wench Jennifer Rubin and Charles “Dr.Strangelove” Kraüthammer some so-called Russian expert named Kathy Lally is practically peeing in her pants with glee while blogging:

Talk about a Big Mac attack. Here’s a sanction with some real bite to it.

The three McDonald’s restaurants in Crimea, the Ukrainian peninsula that has been abruptly annexed by Russia, are now closed. The Ukrainian branch of McDonald’s, based in Kiev, said in a statement Thursday that they had been closed for technical reasons, perhaps referring to the difficulty of supplying your restaurants when they turn up in a foreign country overnight.

Although the United States has imposed financial and other sanctions on Moscow because of its Crimean takeover, American businesses have been left free to operate in Russia. McDonald’s said the closing was temporary, but its offer to move employees to other jobs in mainland Ukraine – and give them a three-month rent payment – made that assertion sound less than persuasive.

Crimean officials tried to minimize the enormity of being forever deprived of the seductive phrase, “Would you like fries with that?”

My fellow Americans, this is how low that we have sunk in that the closing of McDonalds restaurants in Crimea has become to this point the most kick ass club in the bag in terms of all of those threatened economic sanctions that have been endlessly threatened by Team Obama. Oh, and Mighty Taco has banned Putin from eating in any of their restaurants, I am sure that he is already on the phone with his military commanders to get the fuck out of Crimea asap. This coordinated onslaught of Russia bashing is all so ridiculous that it has descended into parody, I cannot even watch my local news anymore without being blasted with propaganda and last night there was a plea for bay area residents to adopt those stray dogs that were being hunted down to be killed prior to the Sochi Winter Olympics. It never ends as we continue to slouch towards Idiocracy, on the Tonight Show with Jimmy Fallon last week much to the delight of a woeful nation of TV addled zombies the reigning queen of American ignoramuses that is Sarah Palin was trotted out to partake in a Putin skewering skit , the woman is a national embarrassment yet in a rotting empire where celebrity is the coin of the realm has become mainstream. It is as if the entire nation is slowly being sucked into the vortex inhabited by such morons and is becoming nothing more than a cartoon version of itself.

Likely to further inflame tensions and up the insanity level is the outstanding denunciation of one Russian political figure  who administered a classic smackdown, according to a story in The Guardian deputy foreign minister Sergei Ryabkov mocked the current state of lunacy:

“Clearly, the US leadership is really annoyed, and cannot come to terms with the new situation, which has arisen in large part due to the deliberate line taken by the US and its allies in Europe to prepare anti-Russian forces to take power in Ukraine,” said deputy foreign minister, Sergei Ryabkov, in an interview with Interfax.

“Trying to demonstrate how unhappy it is with the exercise of free will by the population of Crimea and the decisions we took related to it, Washington is ruining contacts even in places where continuing dialogue is in their own interests.”

In addition to sanctions against a number of businessmen and politicians considered to be close to the Russian president, Vladimir Putin, the US has responded with other measures, including cancelling all co-operation between Nasa and the Russian space agency, except for joint work on the International Space Station.

“The situation is turning into a joke when, for example, meetings between meteorologists are cancelled,” said Ryabkov.

“What can we advise our American colleagues? They should get more fresh air, do yoga, eat healthily, maybe watch some sitcoms on television.

“This is better than getting themselves and others all worked up when they know very well that the train has already departed and that childish tantrums, tears and hysterics will not help things.”

HEAR! HEAR! Enough is enough of this silly horseshit. It’s long past time for the adults to intervene, stick a pacifier into Obama’s pie hole and send Kerry, Powers, Nuland, Rice and the neocons to go and sit in the corner until they can behave in the mature manner that should be expected of statesmen and stateswomen. Oh, and take bad ass Billy Kristol out to the wood shed and give him the type of serious spanking that would give David Vitter a hard on. America is the petulant spoiled child of the world and it is embarrassing to be an American these days due to our tantrum throwing political class. For Christ’s sake, listen to rational war criminals for a change like Henry Kissinger and George Schultz and just ignore the diaper-dumping piss babies like Kristol and the rest of his wretched gang of misfits when it comes to Russia.

Maybe the neocons can take solace that McDonalds has suspended operations in Crimea, thereby depriving the citizens of the Russian territory of the crappy food that is a major contributor to a plague of health problems here in The Homeland where we are number one – in obesity. Like the rest of our sick national obsession with being that oh so exceptional people the brainwashing that is used by McDonalds in targeting advertising to children is essential in the indoctrination process. Just like the pledge of allegiance which is something that has no place in a “free” country and more appropriately belongs in the same types of authoritarian states that are defined by the criteria that is steeped in the same hypocrisy that is being peddled to justify the new Cold War.

“The Fries” – Mr. Lif (remixed by Jeremy R. Stern aka Abdul Malik)