Tag Archives: Economic warfare

Economic World War: Who Benefits And How Much Time Is Left? By Brandon Smith

Nobody has ever built or maintained an empire on debt. From Brandon Smith at alt-market.com:

 

I have been warning about an inevitable East vs. West economic war for many years now. The question was never a matter of likelihood, it was always just a matter of timing. When would the most convenient time be for World War III?

The issue of “convenience” might sound odd, but I want readers to remember one rule: All wars are banker wars. The only wars that are not are wars of rebellion against the bankers.

There is nothing you cannot eventually understand in terms of geopolitics as long as you accept the fact that international conflicts are generally engineered and are always designed to benefit a particular group of establishment power brokers and financial elites. If you are one of those people who assumes all of these events are merely “random and unfortunate coincidences” then you’ll remain in the dark for the rest of your life – and you will never grasp why terrible things are happening to you as the world falls apart. You will go to an early grave because you were unprepared while still thinking you were the smartest person in the room

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Time for Washington To Stop Sanctioning the World: US Arrogance Leaves Trail of Innocent Victims Behind, by Doug Bandow

There is probably no more counterproductive foreign policy strategy than sanctions, and a lot of innocent people get caught in the crossfire. From Doug Bandow at antiwar.com:

The “Lift Sanctions, Save Lives” network is lobbying Congress to do what it should have done years ago: assess the impact of economic sanctions now routinely applied to ally as well as adversary. Such a review is long overdue.

Economic sanctions have become a new global battlefield. In July Beijing targeted several organizations and individuals, including former Commerce Secretary Wilbur Ross, in retaliation for earlier U.S. penalties. In January Beijing sanctioned 28 former Trump administration officials, including Secretary of State Mike Pompeo, as the Biden administration took over. In March, after the European Union penalized Beijing for suppressing political liberty in Hong Kong, the Xi regime retaliated against a number of Europeans, including members of the European Parliament.

The Chinese actions had little practical impact – preventing Pompeo and Ross from traveling to Hong Kong is not much of an inconvenience. (Ironically, they deserve to be sanctioned by Americans for their awful performance in office!) Moreover, Beijing’s action, though popular at home, backfired internationally. For instance, the European Parliament effectively killed a pending investment agreement.

Nevertheless, the whining about China’s action is striking. Americans and Europeans declared economic war on the proud, nationalistic People’s Republic of China, and were surprised when it struck back. Who knew that the PRC would dare act like … America!?

Of course, Beijing remains but a babe when it comes to applying sanctions. The US is by far the world’s cruelest and most prolific practitioner of economic warfare, which these days mostly means starving desperate civilians under impoverished dictatorships. Congress appears to be constantly looking for foreign peoples to target, based on the bizarre assumption that if the US punishes civilians already ravaged by civil war, political oppression, and socialist economics, the reigning autocrats will immediately apologize, disarm, liberalize, democratize, and ally with America.

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