Jim Rogers: "America Is Shooting Itself In The Foot" Over Russia

Tyler Durden's picture

There is no reason for Russia to worry about the western sanctions it is facing now over the Ukrainian issue since "Moscow has too many other trade partners to work with," Jim Rogers explains in this interview, adding that "America is shooting itself in a foot getting the most of our world to pushing China and Russia closer together." Simply put, he warns, "I don’t see any sanctions strategy that they can use that will hurt Russia worse than it will hurt the people imposing those sanctions."

Via Voice Of Russia,

Could China’s decision to purchase superjet planes be viewed as a gesture of support following a series of sanctions imposed by the West against Moscow over the Ukrainian issue?

Of course it is. I’m an American, so I hate to say this, but America is shooting itself in a foot getting the most of our world to pushing China and Russia closer together. And you are going to see more and more trade between the two. And that makes the sanctions against Russia almost impossible, because there are other people who will not play.

And are there chances for the Russia Sukhoi Superjet planes to compete with other major plane-makers?

I don’t think that the Russians have enough to compete with Boeing planes yet. But you are certainly getting better. I mean, as far as cargo planes, you are probably better than anybody else. And if people are forcing you or forcing other people to buy from you, then, of course, your costs will go down, your quality will get better and it will only benefit Russia, but not benefit Europe or America.

 

I think that’s one reason Europe and America are a little hesitant to do too much about the sanctions, because they know that they may lose more than they will gain.

And there are some articles on the Internet right now where different experts say that the sanctions imposed by the EU and the US could be bad only for them. What do you think about this sanctions strategy that the US and the EU are using with respect to Russia?

I don’t see any sanctions strategy that they can use that will hurt Russia worse than it will hurt the people imposing those sanctions. You have many people who will trade with you – China, Iran, many of your neighbours. America cannot patrol all of those borders. You can get just about any products you need. Plus, some of the products that you sell, other people need them very-very badly, such as natural gas and some of the metals.

 

I think Mr. Obama is making the fool of himself yet again. After all, Mr. Obama is the one who instigated the coup in Ukraine where there was an elected Government. Mr. Obama, his diplomats are recorded and we have recordings of them saying – we’ve got to do something about this Government. And then, when it went against him, he got angry. And I’m afraid he is going to shoot himself in the foot yet again.

And if we come back to this Sukhoi Superjet deal, does it mean that Moscow is switching to the eastern market and what are the other Asian countries that Moscow could cooperate with in the nearest future, apart from China?

Of course, Russia is being forced to look east and not necessarily because they want to, but because they have to. If people are going to impose the sanctions and if you look to the east, you’d see who is out there, who may or may not trade with you. Not just North Korea, not just China, some other countries –Myanmar, Thailand, Vietnam certainly will, Indonesia certainly will. So, many people that don’t have problems with Russia these days, they will be happy to trade with Russia.

So, this decision to purchase these superjet planes is a gesture of support followed by the sanctions. And what about China’s trade with Ukraine in this regard? Will they stop any economic relations with Ukraine?

I doubt it. I don’t know why they would. I mean, they don’t want to be involved in a trade war. So, I don’t see why most Asian nations would cut off Ukraine or Russia, or anybody else. This is the fight Mr. Obama has picked and, perhaps, to some extent Mr. Putin. But I don’t know why China would stop trading with Ukraine, I don’t see that at all.

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Cattender's picture

i'm buying Silver!!!!!

AlaricBalth's picture

Egypt. Afghanistan. Syria. Ukraine. The list goes on and on
This is the most amateurish administration in this country's history. Was speaking to an associate in China and he commented, "...that President of yours is a, how do you Americans say, a bush leaguer. "

Pladizow's picture

"Again" implies it stopped!

NoDebt's picture

Great, now you guys are blaming George Bush, too.

Just messing with you.  I know what you meant. And 47% of the US agrees with you.  Which is why he got a second term.

Let me acquaint you with another American phrase: "Running out the clock."  For the next 3 years we're going to sit here and watch this idiot continue to screw up everything he touches.  Inside and outside the country.  His presidency is already over, though he doesn't see it.  He's got executive orders and foreign policy to play with during those 3 years.  That's it.  Nobody's going to play with him any more.

After that, we survey the damage and see if there's anything salvagable.  We expect there won't be much.

 

acetinker's picture

The error in your thinking is that you seem to believe that 'this idiot' actually controls anything.  He doesn't, he is a puppet.

Recite this one hundred times.

Obama is a puppet.

Obama is a puppet.

Obama is a puppet.

Obama is a puppet.

Obama is a puppet.

Now, and try and wrap your head around this;

Putin is a puppet.

Putin is a puppet.

Putin is a puppet. One hundred times each, I assign you, or the flying spaghetti monster will not look kindly upon you at your demise. All the world's a stage, we are merely players.

 

Oh yeah, Jim Rogers is a puppet too, just as his erstwhile pal George Soros is.  They're wealthy puppets, but that don't earn points in my court.

AlaricBalth's picture

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Assignment complete. Have a nice weekend. :-)

acetinker's picture

Alaric let me first say that, I admire you and your people.  If you knew that I got kicked out of religious skools twice, would that change your opinion of me?

Quick's picture

I read this BS all the time. It is pure BS used by liberals to give this useless amateur a pass.

Obama was picked for his stupidity and his agreement with what is going on. 

Don't let incompetance cloud your thinking and never believe he doesn't know what he's doing. He's just too stupid to do anything reasonably well.

 

Then again - maybe that's why he was picked.

MeelionDollerBogus's picture

He's not thinking, and not doing anything but rubber-stamping & using executive orders (and not in this case). Just like Bush before him.

There are no liberals, nor conservatives.

Just serfs & kings. Any other impression is just delusional.

Freddie's picture

Nothing will change.  If you though the USA had a real election then you are delusional. It is that BS Limbaugh pushes with "low information voters."  The GOP should have exposed the fraud but they are the same party now pushing for war with Obama and pushing for amnesty.

Keep dreaming that the world will get better in 2016.  You probably watch TV like other retards.

Bangin7GramRocks's picture

What are you implying? That the U.S. should have continued it reign of terror and bombed the shit out of those countries too? I sure hope not. Obama may be a corporate whore, but criticizing him for his reluctance to send more troops to die is quite juvenile. Like has been said a million times...You First!

AlaricBalth's picture

Straw man argument.

I don't believe I criticized anyone for not sending more troops to die. I merely opined on the ineptness of the current administration.

Keyser's picture

It would be one thing if Obama was deploying American power from a position of strength, but Obama refuses to use the US military due to lack of backbone. How many "red lines" have been crossed in this term alone? Big difference and you are giving credit where no credit is due. 

MeelionDollerBogus's picture

Backbone?
You fucks are broke. A lot of soldiers are back from 4 tours, exhausted, injured, never will serve on a battlefield again, and a lot of kids are being told the real scam of the wars & will not sign up, even in desperate poverty.
You want to handle a gatt & shoot people you can join a gang, you don't need to ship out to a foreign war zone.
And you're broke. There's no money to afford expanding military war-fronts given the others are still open, manned & costing mucho-dollaros. Ya, you can print but you can only strain the currency so far & the printing is still happening for everything else so how to pay for it?

Sorry, 'you fucks' being the 'royal you' not you personally, just the Team Murrikinz War Police administration(s).

knukles's picture

I'm buying Bitcoin because this Tom Foolery is getting out of hand.
Russia is so isolated they couldn't take over Crimea if they tried.
Risk on off or whatever.
Buy the dregs and sludge.
Make a million before you die.
Retire rich
MF Global, Batman!

gmrpeabody's picture

Pour a drink and calm yourself, Knuks.

Troll Magnet's picture

Make a million. Give half to the gubmint. Another 10% in various taxes. Go back to the drawing board. Realize you're just a slave. Then go buy yourself some shiny coins and at least live free (as much as you can).

Deathrips's picture

You're supposed to be buying silver regardless. Unless you are a shill on the wall...getting paid to troll here, you would literally be insane not to be.

https://www.youtube.com/watch?v=B0B_ekSrsEk

I didnt junk you.

 

Of course the USG is shooting itself in the foot. Ill explain why in one second.

There is literally 0% accountability from or publicly elected officials and public servants. The wrist slapping fines (charged to the taxpayer) and sacrificial lambs arent shit (incarcerated- charged to the taxpayer). In either case they continue to parasite and benefit off this misunderstanding/willfully ignorance  by the public at large. Drop a couple billion dollars worth of taxpayer funded and siphoned off, bombs and dronestrikes on innocent people...whoops, no problem..bill the public. The dont like it....jail the protester... charge the public. Its kind of like being strapped down to obama/bernanke/yellen/dimon shit show and they are billing me for it, I cant leave.

 

SO back to the question... are they shooting themselves in the foot. OF COURSE THEY ARE SHOOTING THEMSELVES IN THE FOOT!!!!!! Its in their best interest to do it, we pay for it, die in wars for it and they get to golf 100+ days a year, buy the hot chicks, act all day..and get paid to rob us..by us.

 

The disturbing thing is that i dont think that theres any other country thats any better.

Fuck it I need a drink, bartender!!! Stat.

 

 

 

RIPS

murpheus's picture

I just keep wondering what Obama meant when he told Putin he would have more flexibility after the election.  It was on tape for the whole world to see and hear.  Why do we assume Mr. Obama even wants to do what is best for America.  Maybe it is exactly the opposite.

RiverRoad's picture

With a jackass in the Whitehouse Putin's got a slam dunk and he knows it.

Remington IV's picture

I'm buying coffee and cocoa

SilverIsMoney's picture

I'm buying gold and silver... right now actually! Going higher in April as GOFO goes negative again - Turd Ferguson is really on to something with the correlation between GOFO and the price. April is a delivery month. He's thinking 10th-15th we see a boom even though the worst will come this Monday. People should really subscribe to his site. I paid him the full 100 for the year and it's been worth every 5OZ of silver... for the entire year. His A2As every Thursday make it worth it. The POG and POS are manipulated. Take advantage while you can...

ILLILLILLI's picture

Good thing you stocked up on knee pads...they're proving their worth.

SilverIsMoney's picture

I only pump products that are worth it. If you want to know what the hell is really going on in PMs you should subscribe to his site. The manipulation is getting worse and the cartel is getting more desperate. The time to take advantage is right now. the POS under 20 should be an automatic buy as should gold under 1300.

gmrpeabody's picture

The Turd has been buying for the last 4 or 5 years. The rest of us would have been busted by now if we had blindly followed.

FYI... nobody has a handle on this yet. At least nobody that gets the news as it happens. There are the few..., the proud..., that get their news before it happens. They are doing OK...

fonzannoon's picture

his name is turd because he is a piece of shit.

gmrpeabody's picture

Well..., you're being a little hard on the Turd, aren't you Fonz...?

fonzannoon's picture

No fuck him. I have seen him come on here and rip the crowd on here. I rip the crowd on here sometimes too but I am on here all the time and enjoy the banter. Sometimes I find that I am the asshole after a good back and forth. People that dip in on here with insults or just spend time on here to sell something can go shit in a hat. 

Ralph Spoilsport's picture

FU Turd. Anybody that would go on camera or in public in that stupid hat deserves ignominy.

http://www.merriam-webster.com/dictionary/ignominy

Ralph Spoilsport's picture

Priceless comment at any price.

fonzannoon's picture

Whatever with this Ralph. This place used to be fight club. If Turd is out there he is welcome to come on here and state his case. This place needs to get it's spirit back. It has turned into fucking Dear Abby lately. 

Aussie V's picture

It's just 'nure' with a ma in front of it. "ma nure it's not bad!"

greatbeard's picture

>> products that are worth it.

Turd's site wasn't worth it when it was free.

Bangin7GramRocks's picture

What the hell would you pay for. He would tell you to buy silver? It's like fitness magazines telling you a new way to do a crunch each month.

Blano's picture

Here's the Turd site and posts in a nutshell...

"Cartel cartel cartel cartel blah blah blah blah".........

Great job Turd great job Turd great job Turd great job Turd great job Turd etc. etc. etc. etc. etc. etc.

 

MeelionDollerBogus's picture

Worse by how much? The tactics are the same, the goal is the same, the moves don't look alarmingly bigger or smaller than the last 3 years, so what's "worse"? Quantify this using math, please.

By all means these are great prices to stack but that's not what I'm questioning.

I_rikey_lice's picture

"Turd Ferguson is really on to something with the correlation between GOFO and the price"

 

Turd Ferguson is not the one to connect the GOFO rates and price of gold. One of the posters on his site, I believe S.Roche, was the one to first begin to talk about GOFO rates a year or two ago!

Turd and Harvey and the rest only talk about GOFO thanks to the Roche fella!

Turd does deserve credit for being about 80% wrong for the past 3 years, which isn't easy to do when you think about it.

MeelionDollerBogus's picture

For paper traders in the gold & silver market using margin & hoping to get cash every week or month? I bet they'd be glad if they were only 80% wrong, if not insider-trading.

williambanzai7's picture

BRICs: Those countris that can thumb their noses at Amerika

kaiserhoff's picture

Or we could wait for Europe to get its act together and defend its own interests,

  and wait, and wait, and wait...

knukles's picture

Why didn't somebody point out their energy dependence on Russia before now, what?
I mean after all, the French think Jerry Lewis is funny and Citroens are sexy cars.

Ah, they're just all worried about the Escargot.

kaiserhoff's picture

Just because Citroen means lemon in Frog, you shouldn't leap to conclusions.

Well, in this case, you might as well;)

Ahmeexnal's picture

Raping Ukraine is what's in europe's own interests. Just as they raped Yugoslavia.

Ifigenia's picture

"Or we could wait for Europe to get its act together and defend its own interests, and wait, and wait, and wait..."

wait is a good strategy, specially when you have a weak hand. i dare say Europe interests are diferent from what we get from msm.

Wile-E-Coyote's picture

Europe refuses to put meaningful sanctions on Russia, that's why O’Barmy is looking really ill lately. EU said FU America. We are not fucking our economies to save the Petrodollar.