The biggest strategic mistake of the USA must be pushing Russia towards China, a mistake of biblical proportions, just to support Ukraine. Russia was initially allied with the West, a member of the G8 and not on good terms with China, and yet with the blessing of heaven is now on the side of China.
The USA and EU are still bandying about further sanctions against Russia. Have they not yet seen the bottom of the sanctions barrel and is now scrapping the wood at the bottom that is going to fall out. They are just fooling themselves after three years of sanctioning. Have sanctions really work against the likes of Cuba, North Korea, Iran and Venezuela? Suffice to say, it made North Korea and Iran even stronger and more resolute.
That call by the USA about secondary sanctions by coercing countries to impose added tariffs on imports from China for its buying of Russian oil is falling on deaf ears. Who wants to be like the EU, sacrificing themselves for the USA by cutting their own noses to spite their faces. For all we know, losing the Chinese market in two-way trade may end up like the USA farmers, losing everything forever. That is a bridge that most countries just cannot be expected to cut off just to support the USA.
Anonymous
1 comment:
Having experienced failure and yet using sanctions hoping to cripple other countries is the thinking of a clogged mindset.
Tariffs are also failing, and the USA is scrapping the bottom of the barrel for more things to weaponize against its opponents. With de-dollarization and the presence of BRICS, weaponizing the US$ and other financial measures will accelerate the fall of the US$ hegemony. It is a sword that is going to cut both ways.
The USA debt is unpayable, and that is the stark reality. Those who hold US Treasuries and other assets must be wary of their debts being wiped out, unless they are also holding USA assets in their country as collateral. Gold is going to be the safest bet, not stablecoins that can be devalued.
Argentina is caught in a trap set by the USA using the IMF, a situation it had fallen into for decades. Its US$ loans from the IMF need US$ to repay to keep Argentina from default, and the USA is desperately trying to save Argentina by extending help to the tune of US$20 billion. Suffice to say, this is adding fuel to fire as Argentina is digging itself deeper into a debt trap that only selling the whole country to the USA is the final solution. The USA is eyeing the raw resources of Argentina, with help that is tied to a long chain. How is Argentina going to repay the USA the US$20 billion, when it cannot even service its debt to the IMF?
Post a Comment