The Foolishness Of
The Sanctions War: Russian Money Gushes into Hong Kong
So, Obama and the G8 group of nations declare sanctions, and what
happens? Businesses in Russia are trading their reserves of US dollars for Hong
Kong dollars. This is one more brick in the wall around the US. The world is
slowly making the US irrelevant. Good job, Wall Street and corporate congress.
Banks in both the US and EU are losing deposits to China.
Originally
posted on Did you know that Russia and Iraq are have some of the largest oil and natural gas reserves on the planet? Somehow sanctioning them and bombing them, respectively, doesn’t seem to be a winning strategy for the US, does it? -LW
By
Wolf Richter
The sanctions, the last batch of which took effect on Friday, are targeting
with ever increasing intensity the Russian economy and a growing number of key
individuals. The defense, financial, and energy sectors have been hit the
hardest. Oil and gas…
View
original 909 more words
No comments:
Post a Comment