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The Losers From U.S. Sanctions: AMERICAN Businesses
Who are the losers from U.S. sanctions? American companies.
Two giant U.S. business groups – the U.S. Chamber of Commerce and National Association of Manufacturers – ran ads in the New York Times, Wall Street Journal and Washington Post protesting sanctions against Russia. These are not do-good political groups … they are conservative, hard-nosed pro-business groups.
The New York Times reports today:
American business groups have objected to unilateral sanctions, arguing that they would only hurt domestic businesses while their European competitors swooped in.
The National Association of Manufacturers said it “is disappointed that the U.S. is fundamentally extending sanctions in increasingly unilateral ways that will undermine U.S. commercial engagement and reduce the effectiveness of the measures imposed.”
Zero Hedge notes that the sanctions don’t seem to have hurt Russia much:
[The U.S. has] underperformed Russia by almost 20% since unleashing the first set of sanctions and sell recommendations ….
U.S. News and World Report pointed out in April:
Sanctioning Russia’s energy sector is a bad idea that will only marginally hurt Russia ….
Russia is the world’s third largest oil producer, and U.S. or E.U. sanctions against Russia will dramatically lower the global supply, thus raising global prices.
Bloomberg also reports that American power plants are “desperately” turning to Russia for their coal.
And sanctioning Russia has also pushed Russia to bypass US-controlled oil and gas systems altogether, and pushed Russia, China and Iran closer together.
The Wall Street Journal reports that – according to a new study – sanctions against Iran cost the U.S. as much as $175.3 billion in lost export opportunities over 18 years
In other words, by demonizing countries instead of peacefully trading with them, the U.S. is shooting itself in the foot economically.
This is not an isolated problem …
Ron Paul says that sanctions against Russia and Iran are acts of war. Some analysis agree and others disagree.
But it has become clear that hawkish, imperialistic policies no longer benefit the American economy:
- We’ve thoroughly documented that war is horrible for the American economy, and benefits only a handful of bankers and defense contractors (but as a former high-level Bush administration says, an oligarchy controls U.S. defense policy)
- Similarly, NSA’s mass surveillance is destroying the economy … but making a handful of people rich
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Considering the many battlefronts -- economic ["central banking", "weather futures"], agricultural ["Monsanto", geoengineered drought and floods], depopulation schemes over and above [third generation eugenicists Bill and Melinda, thanks!], and so forth, the "sanctions against Russia" and against the interests of what remains of truly American business (NOT Raytheon and their sick albeit wealthy corpses), seem just another brick in the wall, folks. The grand takedown of a once viable constitutional republic. Interpret events in that way, you'll quickly ascertain that banksters DO have a clue, the politicians are NOT dimwits (well, dimwits some but all well paid for their witting service!), and the soul-less corpses integrated with their symbiotic others in "government" -- comprised of people we think are human -- have YOUR END in mind.
I estimate 90% of ZH postings are diversion, bubble-gum, and useless info. My intuition is that GW is disinfo. Just my opinion.
It's an epic battle between the almighty dollar and essential commodities.
i am interested in XOM's reaction. BP immediately made a statement of sorts. i'm sure XOM has to be doing some backroom arm twisting. if the WH thinks stopping russian exploration in the artic is a smart move, it directly hurts XOM. XOM needs to find oil, america needs XOM to keep its prospects full. i really fail to see how smashing XOM is in america's interest. could someone please explain how XOM's loss is going to help america...or even backstop the dollar as the reserve currency. is this a self inflicted wound, or not?
Our oligarchs are starting to eat each other. This is like divide and conquer, but against themselves.
48 more months of this shit before the Manchurian Candidate becomes an impotent lame duck and congress ignores him along with everybody else to focus on the 2016 elections; but can we survive 48 more months of this asshole? Not if he has anything to say about it.
SNAFU!
makes you wonder if the kenyan kangaroo is really working for RU and not the USA
SNAFU!
makes you wonder if the kenyan kangaroo is really working for RU and not the USA
!Who are the losers from U.S. sanctions? American companies.'
If that's the case bring on even more sanctions!!