• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

China Slams US Over Russian Sanctions; Warns "Will Escalate Tensions"

Tyler Durden's picture


Having previously called Russia a "good neighbor, good partner, and good friend," it seems increasingly clear that the West faces not just Russia but China too as it brings more sanctions to bear. As The BRICS Post reports, Beijing announced its support for a beleaguered Moscow, calling on all parties to resolve the crisis, and warning that they "believe that sanctions are inconducive to the solution of problems. On the contrary, they will escalate tensions."


As The BRICS Post reports,

Beijing announced its support for a beleaguered Moscow after the US and Canada announced fresh sanctions against Russia for it’s alleged “inaction” in easing tensions in Ukraine.


In a public signal of increasing Sino-Russian cooperation, China called on all parties to resolve the Ukrainian crisis through dialogue rather than sanctions, Foreign Ministry spokesman Qin Gang said Monday.


“We believe that sanctions are inconducive to the solution of problems. On the contrary, they will escalate tensions,” he said.


It is not in line with any side’s interests to impose sanctions, he added. “We call on all parties concerned to continue dialogue and negotiations so to resolve the crisis in a political way.”


Qin told a daily press briefing that China has been in touch with all relevant nations, including G7 nations, since the Ukrainian crisis erupted, and made clear the nation’s stance on the issue.

Hardly reassuring for all those 'believers' that US businesses will remain unaffected as sanctions are ratcheted up

Beijing’s support for its ally comes ahead of a strategic visit by Russian President Vladimir Putin to Shanghai next month where he will hold talks with his Chinese counterpart Xi Jinping.

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Tue, 04/29/2014 - 12:09 | 4708075 Xibalba
Xibalba's picture

With a dunce like Kerry managing talks, must be bullish

Tue, 04/29/2014 - 12:16 | 4708113 outamyeffinway
outamyeffinway's picture

A sign of our weakness is that we always rely on force.

Tue, 04/29/2014 - 12:24 | 4708163 Oh regional Indian
Oh regional Indian's picture

I think Xibalba means the Neighs have it...



Tue, 04/29/2014 - 12:35 | 4708245 I am more equal...
I am more equal than others's picture



There is no upside to selling more crap to the US.  China and Russia alliance makes more sense.  Russia has oil/gas and China can produce consumer goods for Russia.  China no longer wants IOUs.  TNote, etc. are worthless. 

Tue, 04/29/2014 - 12:45 | 4708324 Serfs Up
Serfs Up's picture

That's the sign for the scumbag banksters to jam the stock market and sell gold.

You know, because freedom.

/My time.  It is coming.

Tue, 04/29/2014 - 12:57 | 4708375 V in PA
V in PA's picture

 "believe that sanctions are inconducive to the solution of problems. On the contrary, they will escalate tensions."


No Shit! That's the whole point.

Tue, 04/29/2014 - 13:46 | 4708655 Four chan
Four chan's picture

red china turns is slaves on us, thanks nixion.

Tue, 04/29/2014 - 13:27 | 4708532 Volkodav
Volkodav's picture

Exactly...Russia see it that way...

chine don't exactly respect how US does IOU while know they are next on plunder list...



Tue, 04/29/2014 - 12:24 | 4708165 Manthong
Manthong's picture

The unnatural born citizen better be careful.

The Jim Rickards financial war scenario is a real possibility if we have shipped enough gold to China for them to feel adequately hedged against their rapidly depreciating Treasuries.


Wed, 04/30/2014 - 07:40 | 4711258 fallout11
fallout11's picture

China is very politely telling the US to STOP being idiots. Yet no one is listening. This road is a dead end.

Tue, 04/29/2014 - 12:24 | 4708171 pods
pods's picture

I think banana girl is gonna need more than a selfie to counteract this one.

Man when we step in it, we step in it.


Tue, 04/29/2014 - 12:22 | 4708151 El Vaquero
El Vaquero's picture

Kerry is not managing the talks.  They stick a carrot up his ass so that he'll move his lips and do a voice over.  A horse is a horse of course, of course.

Tue, 04/29/2014 - 12:29 | 4708203 TheFourthStooge-ing
TheFourthStooge-ing's picture

Kerry's hoof-in-mouth disease is getting worse.

Tue, 04/29/2014 - 13:04 | 4708409 ParkAveFlasher
ParkAveFlasher's picture
Tue, 04/29/2014 - 13:32 | 4708555 mccvilb
mccvilb's picture

Oh oh. Is this a chink in Obama's armor?

Tue, 04/29/2014 - 14:21 | 4708808 Colonel Klink
Colonel Klink's picture

Actually it's about 1.351 billion.

Tue, 04/29/2014 - 12:43 | 4708296 Renewable Life
Renewable Life's picture

Sanctions are an American right of passage!!!  Its the ultimate act of junior high bullying, when you dont "like" something or dont get your way, you want to "punish" the "bad people" not giving you your way!!

In Acedmia, this is explained as sociopathic behavior, unless your Country is doing it, then of course its called politics!

Tue, 04/29/2014 - 16:26 | 4709274 pot_and_kettle
pot_and_kettle's picture

Lately I get this Game of Thrones image:


The U.S. is the retarded and enraged 7 year old boy still sucking at his mother's ( let's call her Ziona ) teet while demanding that she MAKE THE BAD MAN FLY!!! 



Tue, 04/29/2014 - 20:10 | 4710056 StychoKiller
Tue, 04/29/2014 - 13:11 | 4708441 thunderchief
thunderchief's picture

The USA is now officially taking it in both ends.

Lets crash gold some more. The Russians and Chinese need some more free shit.

If you do that Janet, they may throw you a box of kleenex to clean yourself up when their done.

But I wouldn't.

Tue, 04/29/2014 - 13:50 | 4708547 Seer
Seer's picture

Right, TPTB are going to be sending a complete dunce.

It's all shaping up JUST as I've predicted.  When one isn't blinded by Party Pussy shit it's quite easy to see it all line up...

TPTB KNOW that they need to get business back to the US in order to calm the brewing discontent.  ALL that you're seeing helps "bring back the jobs."  It gives cover to allow all those companies to return to the US.  And the BONUS is that we'll all be sold on this as a BIG WIN, when what it's doing is to subsidize Big Corp's relocation fees: change is inevitible, and it was always only a matter of time before China's environment turned for US/West interests there.

Sorry, these folks are thinking WAY above you (and most).  Just because you cannot make sense out of it all doesn't mean that what they are doing is based in stupidity.

Tue, 04/29/2014 - 13:34 | 4708573 drendebe10
drendebe10's picture

"A horse is a horse, of course of course..."  

Tue, 04/29/2014 - 13:44 | 4708638 Silver Bug
Silver Bug's picture

Once again the West blunders and move China closer to Russia. Does anyone actually believe Kerry is the man for the job??



Tue, 04/29/2014 - 12:10 | 4708077 Obama_4_Dictator
Obama_4_Dictator's picture

Buy...Buy...Buy...Buy.....stocks love this!

Tue, 04/29/2014 - 12:15 | 4708106 FieldingMellish
FieldingMellish's picture

What do stawks not love?

Tue, 04/29/2014 - 12:11 | 4708086 Theta_Burn
Theta_Burn's picture

Well done Unorganizer in chief

Another well thought out strategy with desired results


Tue, 04/29/2014 - 12:13 | 4708087 X-defiler
X-defiler's picture

Amazing, Fucking POTUS! Why the fuck would we be screwing with our total manufacturing base without an exit strategy? Cause he is the worst president ever!!!!!!

Tue, 04/29/2014 - 12:12 | 4708089 Duude
Duude's picture

China was encouraged by Russia's move into the Ukraine because it made China's own expansionist goals to territorial islands of other nations to its East easier to see happening. 

Tue, 04/29/2014 - 12:14 | 4708096 J Pancreas
J Pancreas's picture

Barry's getting played like a fiddle while he caresses Reggie's stinkpipe with Moochelle's anal beads. Yes we can!

Tue, 04/29/2014 - 13:06 | 4708418 ParkAveFlasher
ParkAveFlasher's picture

+1 for "stinkpipe" alone

Tue, 04/29/2014 - 13:18 | 4708489 Volkodav
Volkodav's picture

stupid post

Tue, 04/29/2014 - 12:15 | 4708109 Truther
Truther's picture

Beam me up Scotty.... There is no intelligent life in the USSA

Tue, 04/29/2014 - 12:16 | 4708116 TheMeatTrapper
TheMeatTrapper's picture

I guess this means no more rides into space for the US since we rely on the Russians for that. Wonder how our astronauts on the space station are going to get home? Maybe they can thumb a ride. 

Tue, 04/29/2014 - 12:23 | 4708154 WhyWait
WhyWait's picture

Or the Russians could insist on payment in Rubles, Renminbi or gold!

Or if they want to get really in Obama's face they could add Iran's Rial to the list!

Tue, 04/29/2014 - 12:28 | 4708195 earnyermoney
earnyermoney's picture

There's always GRAVITY.

Tue, 04/29/2014 - 14:00 | 4708720 Seer
Seer's picture

Or the 9/11 "hijackers."

Tue, 04/29/2014 - 12:32 | 4708226 TheFourthStooge-ing
TheFourthStooge-ing's picture

If Vichy DC makes things any worse, US military personnel will be hitchhiking home via the Khyber Pass.

Tue, 04/29/2014 - 12:16 | 4708117 Wile-E-Coyote
Wile-E-Coyote's picture

Well that de-escalated didn't it.

Tue, 04/29/2014 - 12:18 | 4708124 LawsofPhysics
LawsofPhysics's picture

I really wish the world's banking cabel would get some new writers.  The script for all this kabuki theater has really gotten stale.

Tue, 04/29/2014 - 12:24 | 4708162 loonyleft
loonyleft's picture

Why change something that works so well. 

Just as the left right paradigm is still alive and kicking (see posts above laying it solely on Barry's shoulders), so too is the 'Russian Communist threat'.

I haven't spoken to people on the street, and I don't watch MSM news, so I may be wrong, but I will bet besides buying time, the Geneva accord is to gather support in the US. By making the accord and then pointing out all the times Russia has broken it, it reinforces that they are the aggressors and it doesn't matter how many times the US has. It is to convince those already convinced about Russia that they need to do more, ie, send weapons and more. 

Tue, 04/29/2014 - 12:33 | 4708221 LawsofPhysics
LawsofPhysics's picture

Perhaps, the problem is the current level of faith the world has in the U.S. and the dollar, especially given the recent track record relative to the U.S. actually enforcing the "rule of law"...

John Corzine, is that you?

Tue, 04/29/2014 - 12:38 | 4708265 earnyermoney
earnyermoney's picture


People are waking up the our hypocrisy. See Syria for the last failed attempt. Libya looks a lot like Iraq so what is working so well?

Tue, 04/29/2014 - 12:46 | 4708323 LawsofPhysics
LawsofPhysics's picture

Indeed, but at the end of the day, I have no doubt that the true power brokers around the world are all on the same page.  it's simply far too easy for them not to be.

Tue, 04/29/2014 - 13:16 | 4708473 Volkodav
Volkodav's picture


Tue, 04/29/2014 - 14:08 | 4708755 Seer
Seer's picture

Yup.  I think they all know that it's all heading (back) to regionalism.  All are up against Mother Nature.

In the US TPTB are setting the stage to get eveyone to accept paying for corporate move-backs to the US.

Europe is going to have a lot of shuflfing to do.  The US not so much: pretty good geographical arrangement plus two neighbors that are fairly compatable.  Middle East will be interesting, as usual.  The really odd ducks out are Japan, South Korea and Australia.  Oh, and Russia and China will cement relationships.

Tue, 04/29/2014 - 12:19 | 4708126 Pooper Popper
Pooper Popper's picture

Youa betta leave Russia lone

Ara we poka you witha sharpa shtick!!

Tue, 04/29/2014 - 12:20 | 4708141 Itchy and Scratchy
Itchy and Scratchy's picture

Checkmate for the Kenyan I'm afraid!

Tue, 04/29/2014 - 12:22 | 4708147 Zymurguy
Zymurguy's picture

Putin has warned of a significant counter to our sanctions.  Could China and Russia debt holdings be manipulated/sold/dumped/??? and crush our monetary system?

Tue, 04/29/2014 - 12:55 | 4708360 PeeramidIdeologies
PeeramidIdeologies's picture

You are on to something there, but it's a bit more complex then a quick smash and grab. There are many pawns to be moved about the board and you better believe those boys are aiming for check mate. Unfortunately for us, our "leaders" obviously have little to no experience with game theory other then "hulk smash". It's quite painful to watch.

Tue, 04/29/2014 - 13:34 | 4708572 therover
therover's picture

Yup...the Grandmasters, even when playing a patzer, will never attack with just one piece and only when mostly all pieces have been mobilized/developed.

Chess at that level is a game of space and time and the determination to utilize multiple tactics to achieve a strategic goal.  

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