Sanctions - What is sauce for the goose is also sauce for the gander

 The Washington and Brussels Gang can say anything they want, because they are the ones doing the exact same thing, breaking contracts at their whims and fancies.

Take Huawei for example. What contracts have Huawei made with the USA and all the White countries and in one fell swoop they tear away all those contracts. There were also other contracts made between USA and Chinese tech companies and subsequently binned using one 'Executive Order'. And they still claim such USA companies like Google, Microsoft, Facebook, Intel have no connection to the USA Government? Kidding grandmothers? Oh yes, it is due to security reasons, of which not one shred of evidence or proof has surfaced.

What is sauce for the goose is also sauce for the gander. Not only can Putin demand payments in Rubles, he could even cut off Nord Steam 1, saying that selling oil and gas to the unfriendly EU states are a security threat to Russia. It is in fact a security threat, knowing that Russian oil and gas are being used or helping to manufacture weapons and run tanks which are sent to Ukraine. The proof and connection is irrefutable, unlike the narrative on Huawei, that have yet to be proven.

Putin has already drafted legislation to prevent Western companies disposing of their assets in Russia and moving out the proceeds of such disposals out of Russia. This is as legitimate as the USA and the Western countries freezing the assets of the Russian Central Bank and it's Oligarchs from moving out of the West. The sword can cut both ways. 

Anonymous

The Last Hurrah of Western Global Financial Hegemony

 

The West's moves to exclude Russia from foreign exchange markets and to freeze its foreign exchange reserves may have been seen by policymakers in Brussels, London and Washington D.C. as an appropriate and proportionate tool to punish Russia. But like many decisions driven by geopolitics, these sanctions will have unintended outcomes and derivative impacts.

Not only do they raise profound questions about the financing of trade and the management of foreign exchange reserves, but their scale and severity must be ringing alarm bells in any country not completely aligned with the Western view of the world. And nowhere will the bells be ringing louder than in the corridors of power in Beijing.

China has always held long-term ambitions to reduce its reliance on the dollar and internationalize the yuan, although progress toward this objective has been slower than expected. But the sanctions imposed by the West on Russia have highlighted the dangers it incurs by remaining dependent on its rival's currency and will inject greater urgency to its attempts to reduce this vulnerability.

This is seen in its efforts to convert payments for imported commodities to yuan instead of dollars. Although this has had mixed success in recent years, the news that Saudi Arabia is now considering accepting yuan as payment for some of its oil shipments to China suggests that the impetus to de-dollarize such trade flows is gaining momentum. Importantly, it is not alone in such efforts to switch away from the dollar. India is also apparently exploring whether Russian oil could be purchased using rupees and by means independent of Western financial mechanisms.

Western policymakers have failed to understand the derivative longer-term impacts of their actions. The sanctions were imposed with the self-assured belief that the world's continued reliance on the existing Western financial mechanisms was sacrosanct.

But by sanctioning the world's fourth-largest foreign exchange reserves, they have triggered shock waves that will reverberate around global finance for many years to come, create new risks, instabilities and vulnerabilities, and ultimately reduce the role and influence of Western financial systems.

The U.S., and more broadly, the West, will lose geopolitical influence while China will gain, although the extent of China's gain will depend on its ability to persuade others of the merits of a yuan bloc. The U.S. will lose the substantial economic benefits it derives from having the world's dominant currency. But conversely, some countries will benefit from the emergence of an alternative financial system more closely aligned with their stage of economic development.

Geopolitics will, at some stage, force international corporates operating across multiple financial systems, especially banks, to choose between the dollar framework and a rival yuan system. 

 Anonymous 

Rubles-For-Gas Plan Breaches Contract – Desperate EU Says (The knife cuts both ways)

Leaders from some European Union member states have claimed that Moscow's demand that “unfriendly” countries pay rubles for Russia’s gas could breach supply contracts, Reuters reported .

On Wednesday, Russian President Vladimir Putin ordered that gas contracts with “unfriendly countries” – those responsible for sanctions against Russia – be settled in rubles only. The announcement sent European gas prices soaring, raising concerns of a possible energy crunch in the EU.

German chancellor Olaf Scholz said on Thursday the currency that his country’s companies must pay for Russian fossil fuels is fixed in their contracts. “There are fixed contracts everywhere, with the currency in which the deliveries are to be paid being part of these contracts... in most cases it says euros or dollars,” Scholz said after arriving at the EU summit in Brussels.

Scholz was echoed by Italian Prime Minister Mario Draghi, who said “This is basically a breach of contract, this is important to understand.”

“We will not allow our sanctions to be circumvented,” European Commission President Ursula von der Leyen stated, noting that “the time when energy could be used to blackmail us is over.”

According to analysts, ruble payments would be possible without breaking EU sanctions, which do not directly hit oil and gas supplies but target banks that could be involved in the transactions.

Russian gas accounts for 40% to 45% of Europe's total consumption. Daily EU gas imports from Russia this year have varied between €200 million to €800 million, according to estimates.

President Putin said that Western sanctions against his country have dealt a large blow to public trust in the two major Western currencies. Putin said that the penalties showed it “makes no sense anymore” to sell Russian goods in the US and the EU while receiving payment in dollars or euros. 

Anonymous

MSM - What is the truth?

 In trying to justify the red dot's unilateral sanctions on Russia, the ST cited a recent survey by Singapore-based research consultancy Blackbox Research.

It says the survey found that over nine in 10 of those polled in Singapore supported or sympathised most closely with Ukraine in the conflict. In comparison, 71% in China supported Ukraine, compared with 91 % in India and 86 % in Australia.

It also says nearly seven in 10 Singaporeans blamed Russia for the crisis, compared with 10 % in China, 60 % in India and 82 % in Australia. Three % in China pointed to the United States as being most to blame, while 54 % said they did not know who was most responsible.

Can believe only 3% in China blamed US ??!! Can believe all the figures cited ??!!

Even my maid also know US and NATO to blame for expanding NATO up to Russia's borders triggering the crisis! 

Anonymous

Random facts and truth in brief: The ugly head of U.S. aggression and imperialism is everywhere.

      The United States is an illegitimate state built from robbing the lands of native Americans after killing and genociding almost all of them during the last few hundred years. The Anglo-Saxon white American invaders' hands are stained with the blood of the men, women and children of native Americans.

The US is run by rogues and scoundrels, killers and murderers of the Deep State government controlled by the Zionist Rothschild Illuminati Cabal of Wall Street and Washington DC. Its arms of repression, suppression and oppression are many in the like of the military, The Pentagon, National Guards, National Police , the CIA, FBI, NED or National Endowment for Democracy (  a part of CIA notorious for infiltrating into foreign governments civil service and military to create choas and instabilities and to carry out orange or coloured revolutions for regime  change   and National Security Dept where aggressive and bellicose foreign policies are formulated. 

If you look into the eyes and face of any US national leaders be it the president, vice-president, Sec. of State, Defense Sec, Senators, Congressmen, military commanders be it Generals or Admirals and  others you do not see the face of a human but that of the savage fiends and monsters with blood shot fiery eyes showing aggressive anger and extreme hatred. How can we let these wicked fiends rule the world.

After the Second World in 1945, every country  felt at last there was hope for peace and harmony among nations. But it was not to be. White people led by the United States have different agenda. Even before the end of the Second World War America was already planning to bring the whole world under its hegemony. The United States was then the only superpower and it could do what it liked. It was the only country armed with the nuclear weapons.

It seemed in the years between 1946 to 1948  America had only a handful of atom bombs. America intended to speed up building more atom bombs before it subjugate Russia and China and thus in default the whole world under its total control and hegemony. Its hope for world domination was dashed when Russia exploded its first atom bomb on 29th August, 1949 and its first hydrogen bomb on 22nd November, 1955. It was further dashed when China successfully tested its first atom bomb on 16th October, 1964 and its first Hydrogen Bomb on 17th June, 1967.

Though the United States had lost its nuclear monopoly it had never given up hope to subjugate the whole world under its total control and hegemony.

After the Second World War 1945, US intervened in the Chinese Civil War taking the side of Chiang Kai-shek Kuomintang Party or Nationalist Party against Chairman Mao Tse-tung's CPC. US has never stopped interfering in Chinese internal affairs. It is still supporting the Taiwan Chinese traitors the DPP under the false pretext of protecting democracy. US just wants to continue using Taiwan as a base to contain China and as a beach head to attack China in any future war between China and the Taiwan Chinese traitors who are willing stooges and running dogs of the Americans.

After the Second World War US should rightly leave Korea, Japan and the Philippines. It refused to leave and continued to build military bases in Korea, Japan and the Philippines under the false pretext of protecting these countries from Russia's communism. It is in fact holding these countries in bondage as semi-colonies and as bases to contain China and Russia.It is already well known US invaded and occupied Hawaii in 1895 through cunning and subterfuge. In the same year it took control of Puerto Rico, Guam and the Philippines after driving out the Spaniards. Except for the Philippines US is still holding Hawaii and Guam as its colonies. In fact it had illegally annexed Hawaii as its 50th state in 1959 under President Eisenhower's proclamation in spite of strong protests from the indigenous Hawaiians. The evil Anglo-Saxon Americans annexed Hawaii to preempt and prevent any future Hawaiian natives from declaring independence from US.

The evil Anglo-Saxon Americans have never stopped interfering in the internal affairs of all Central America and South America countries. It had created instabilities and choas and often regime change in Guatemala, Panama, El Salvador, Costa Rica, Haiti and Honduras. In South America the diabolical Anglo-Saxon Americans of the US have constantly interfered in the internal affairs of practically every country in the region causing great instabilities and turmoils and carrying out regime change in Argentina, Brazil, Bolivia, Venezuela, Columbia, Ecaudor, Chile, Peru, Dominican Republic, Cuba and Uruguay.

Similarly the United States has never stopped interfering in the internal affairs of all Asian countries. Its interference has caused great disasters to many countries in Asia. CIA plotted regime change in Indonesia in which its American stooge Suharto toppled President Sukano in 1965 resulting in about 3 to 5 million Indonesians being slaughtered under name lists provided by CIA claiming the victims were all communists or socialists. Its diabolical interference in the Philippines, Vietnam, Korea, India, Pakistan, Afghanistan, Myanmar, Laos, Cambolia, Malaysia and most of the Middle countries is well known.

In Africa US had interfered lethally in the Congo / Zaire, Republic of Congo where PM Lumumba was assassinated by CIA, South Africa where CIA was instrumental in sending Nelson Mandela a socialist and an African nationalist leader to prison for almost 30 years, Ghana, Nigeria, Somailia, Kenya, Rwanda, Sudan , Egypt, Algeria, Libya, Ethiopia, Eritrea, Tunisia, Morocco, Angola, Tazania, Uganda, Mozambique, Madagascar,Mauritania, Seychelles, Mauritius ( NB: US took by force Diego Garcia from Mauritius in 1967 and built a gigantic military base in the Indian Ocean to harass and intimidate countries in Africa and Asia ), Malawi, Sierra Leone, Niger, Mali, Djibouti, Senegal, Gambia, Burundi, Burkina Faso, Comoros, Equatorial Guinea, Namibia, Chad, Gabon, Sao Tome and Botswana.

In Europe US controls most of the European countries through its hegemony over NATO . The United States has reduced the European countries  to semi-colonies and is using them as frontline suicide squads in its confrontation with Russia. The Evil Empire plotted, instigated and engineered the present Ukranian crisis with dual diabolical objectives to wreck Russia in endless conflict and to sacrifice and make use of Ukraine as a pawn in its contest with Russia and to provide an excuse to have full control of EU by befooling the European countries to believe that they can rely only on US to provide their security. This is hogwash as the United States is dragging Europe down the abyss of destruction while US is benefitting and profiting from the Ukranian wars by just giving orders at the sidelines. The American Oligarchy rogues in the White House and Washington DC and the Rothschild Cabal owners of Pentagon Military Industrial Complex will rake in trillions of dollars from the Ukranian war. The losers will be Ukraiine, the EU and Russia. However, the Evil Empire will eventually destroy itself in the Ukraine War from its diabolical sanctions on Russia and others as the sanctions is a double edged sword which will backlash and finish off the wicked Americans.

However since the evil empire of US doesn't know the limit of its aggression world wide it may eventually lead to nuclear war with Russia or China or with both at the same time and this may result in Armaggedon and end of mankind. Therefore the United States must be destroyed before it can bring the world to the edge of the cliff and to the end of no return. To destroy the evil empire the whole world must stop transacting trade and business in US dollar and stop the US from buying their national mineral resources. They must close down all the US military bases in their countries and send all US NGOs home. 

Southernglory1

Sunday, 27th March, 2022