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Foreign Secretary Warns Russian Sanctions "Will Hit UK Economy"
More blowback... UK Foreign Secretary Philip Hammond suggests imposing sanctions on Russia are a shared sacrifice that European nations must make. While the sanctions were "designed to maximize the impact on Russia and minimize the impact on EU economies," he warns his fellow Britons that, "It will affect our economy..." As RT notes, London will likely be hit hardest among the EU powers because of its intimate financial relationship with Moscow and we are already seeing UK home prices fall as oligarch flows slow.
Foreign Secretary Philip Hammond said the measures had been “designed to maximize the impact on Russia and minimize the impact on EU economies.”
“It will affect our economy... but you can't make an omelet without breaking eggs, and if we want to impose economic pain on Russia in order to try to encourage it to behave properly in eastern Ukraine and to give access to the crash site, then we have to be prepared to take these measures,” he told Sky.
“We have spent a lot of time making sure the package is balanced so the pain is fairly shared across the big EU economies, but we can't expect to be able to do this without any impact at all on our own economies."
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One wonders just how UK will cope when Putin really gets going...
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Another case of "Look what you made me do!"
I'm convinced it is not the West versus Russia or the east. Worldwide oligarchs are all in concert. Convinced.
Shooting yourself once in the foot is one thing. Shooting yourself in the ass until it looks like a colander is another.
If the Europeans were stupid enough to follow Washingtons lead on sanctions against Russia, they deserve to be kicked in their collective ballsacks.
Declining prices in the posh pads? OMFG.
Parking ill gotten gains is one thing, but no one who has been to London in the winter would want to live there. Fall pretty much sucks too.
Sooo, is this how WWIII starts?
http://www.planbeconomics.com/2014/03/world-war-3-crimean-crisis-ukraine...
"were" ??? no, are.
remove "IF" btw
Very true LL, here is what it looks like... European leaders line up for sanction repercussions...
https://www.youtube.com/watch?v=8S8gfAK_lfc
Deja vu of "Fool me once..." https://www.youtube.com/watch?v=8Ux3DKxxFoM
We haven't seen a comment from "the Big Ching" for ages, where you been boy?
Ever watch one of those "the real housewives shows"? The only concert you see any collude over is Opera red carpet tax writeoffs. True story.
The UK sadly was a target for black money due to the lax property registration & tax codes for Jersey based Trusts/shells. The Lady should be asking Whitehall what is lurking offshore in the swaps channels, and what is the chances of a Jersey based family cross-holding blowing up.
In the long run however, (3 years or more) forcing the UK economy to meet the structural property inflation, improve the tax code & generate a new moonshot-engineering culture is for the best. Is that not what ZH has been writing about for some 3 years now ? Focus on domestic investment & growth over crony capitalism abroad?
Sooner or later Oligarchs will get sick of Putina's small-F Nationalism & cult of personality. Too many Russians love their American DOTA, BMW's and Taylor Swift CD's to willfully adopt the sanctions with USSR level grit.
God save the Queen! Tee, Hee, Hee...
Damn! I knew you were a secret agent Neuronius... I can tell by the way you use "invisible ink" in the comment section...
(warning, we're on to you now bud)
Gee, you think? Check the share price of Foxtons since they started clamping down on Russia.
DON'T LISTEN TO A WORD FROM ANY UK POLITICIAN. THERE IS A HUGE SUPPRESSED STORY STARTING TO LEAK FROM UK ESTABLISHMENT...SINCE THE EARLY 1970's ALL TOP UK CABINET POLITICIANS HAVE EITHER BEEN RAPING CHILDREN OR COVERING IT UP!!!
OUR POLITICIANS ARE PAEDOPHILES THAT FUCK KIDS!!!
LOOK UP ELM GUEST HOUSE AND ISRAELI MOSSAD RENT BOYS USED TO BLACKMAIL OUR LEADERS IN DOLPHIN SQUARE POSH ESTATE IN LONDON WHERE THEY FILMED OUR LEADERS SHAGGING CHILDREN...
LEON BRITTAN OUR HOME SECRETARY IN 1982 WAS CAUGHT ON VHS TAPE RAPING A 12 YEAR OLD BOY BY CUSTOMS OFFICER MAGANAL SOLANKI IN DOVER..HE WAS SILENCED BY OFFICIAL SECRETS ACT FOR 30 YEARS. SIR LEON BRITTAN IS STILL EMPLOYED BY THE CURRENT UK CONSERVATIVE PARTY...HIS COUSIN SIR MALCOLM RIFKIND IS CURRENTLY HEAD OF OUR INTELLIGENCE SERVICES...
FORMER PRIME MINISTER EDWARD HEATH, JIMMY SAVILE, ROLF HARRIS, MAX CLIFFORD, STUART HALL, KENNETH CLARK, CLIFF RICHARD, NICK CLEGG, WILLIAM HAGUE, MICHAEL GOVE, PETER MANDELSON, MARGARET THATCHER, TONY BLAIR ARE ALL GOD DAMN PAEDOPHILES OR COVERED THEIR TRACKS....THE UK IS ROTTEN TO THE CORE...OUR FUTURE KING PRINCE CHARLES MURDERED HIS WIFE AND FUCKS KIDS!!! HE WAS BEST FRIENDS WITH JIMMY SAVILE A PROVEN NECROPHILIAC FFS!!!
CHECK YOUR TOP POLITICIANS FOR LINKS TO PAEDOPHILE RINGS...THIS IS GLOBAL!!
It's a gay mafia bitchez.
Malciolm Rifkind is head of the Committee supposedly supervising MI6 and MI5 - a chocolate fireguard. He is moreover a descendant of Lithuanian Jews probably like the new head of MI5 Andrew Parker. Rifkind is cousin to Leon and Samuel Brittan whose ancestors came from Lithuania too.
Leon Brittan was apparently unpopular in the Tory Party but clearly had a soft spot himself for Wm Hague and Nick Clegg.....Brittan was moved to the EU Commission when Thatcher had her problems over Westland with Brittan favouring Sikorsky and Heseltine a European consortium......Thatcher had to remove both Heseltine anfd Brittan to save herself in 1986
Funny how much comes to light now she (and key others) are dead
What a bright fellow, US politicians don't know this.
True
only petulent politicians find ways to shut down business ..or shutter and wreck others trade
the private sector is not so stupid or immature as these village idiots of economics
Can't we sanction the Chinese, too? I'm looking for a house in San Francisco.
Obama's running dogs obey their master for now.
Looks like sanctions are the new "cold weather" excuse now for missing your numbers. Ding Ding Ding Ding. Winner.
http://www.independent.co.uk/news/world/europe/land-for-gas-secret-germa...
Germany proposing a deal with Russia. Interesting, and it's the only thing on the table.
Synopsis is :
Russia agrees to a stable and secure gas supply for Ukraine. Also pays $1 billion to deal with the fact the naval base rent isn't being paid. In return, Ukraine, the EU and US agree Russia has sovereignty over Crimea.
The seperatists stand down, are provided devolved self government rights, and Ukraine signs a document swearing never to join NATO.
Story says US and UK will reject.
Of course the US, and UK will reject it.
Which means Putin will have succeeded is splitting europe from the Anglos ,and
the eurasion trade pact is defacto from Peking to Lisbon.
A nice boomerang in the back of the US's head.
Cue, more global whining from Obozo, the bush leaguer..
Europe would be better off without the USSA warmongers and their English poodles.
It is not Putin that will have succeeded in splitting Europe from the Anglos. It is the Anglos who will have achieved this. The people running things here have gone insane from desperation. As you said below, it's our necks or their necks, and that's not a hard choice even if you aren't a sociopath.
I think he wants it. He must laughing his head off.
As judo black belt, he uses his opponents own weight against him.
My old (grad school) classmates and profs in London are shaking their heads at what their "government" is doing.
"Theater of the Absurd" should open in West End, they say.
Only when it finishes its record breaking run on Whitehall.
Lovely theory but Ukraine gets a big gas discount in lieu of rent. BTW why can't Russia pay $2000 pa like the US does for Guantanamo ?
Why should Ukraine get a better rental on historically Russian territory - since before The Treaty of Paris 1783......than Cuba gets for its territory ?
Is the US paying rent to the UK for Virgina or Connecticut or Mass ?
You'll probably find the UK gave bases rent free, war dues owed to USA for getting involved and all that hog.
Anyhow, why should Russia pay anything in rent? Local's had a vote, then another for inclusion into Russia, it's not part of Ukraine anymore even if the West don't want to recognise the same stunt they pulled in Serbia/Kosovo.
Only reason to give discounted gas; Russian's live there.
Shared Sacrifice, heh?
And why not? They're all sharing a brain. Today it happens to be Britain's turn with the brain.
Tomorrow it's Barack Ebola's turn - but he keeps passing on it because he thought they said, "Sharon Bain" and he's afraid Michelle will catch him and smack him upside the head with her daily rack of ribs.
Sorry - sorry. I apologize. So much hatin' and hatin' and hatin'! Why can't we just stop all the hatin'? [so Barumph Ebola can get away totally free with his asinine agenda]
In my more paranoid moments, it really, really, looks like they want to blame the coming collapse on the Russians or global conflict in general.
Its not paranoia Ms.
They really are out to kill us, if all else fails.
Think about it, its their necks, or ours. Its not a difficult choice, even if you're not
psychopathic.
Of course they will blame, whomever and whatever it takes bitchez. It's called survival of the fittest. Only thing discounted was the Lord. As we speak is cooling the planet and casting darkness and plagues over the earth. Precious in the sight of the Lord are his saints.
It really, really does...
It is not paranoia if there really are humans who wish to vaporize you, ie., McCain, Graham, Coates, Corker, King, Rogers, Cameron, Blair........etc
Smart and savvy Globalists with big plans that need diapers to not shit their pants. Praise the Lord.
So we went from Because Bush to Because Obama, and now Because Putin. Great!
Lemme know when we get to Because Central Banksters or Because Aliens.
The Brits want out of the EU anyway, and they will do whatever its takes to maintain their (not so secret) official policy of doing anything in their power to prevent a Russian-German alliance... so London is the ideal target for a demonstration of Russian retaliation to the EU (and it is a bankster & oligarch rich environment to boot).
God Fuck the Queen.
Win-win for everyone (except the Queen, the Rothschilds, the Banks, and Billionaire's Row, and the sycophant class that caters to these assholes...)
U R you have been posting a lot of interesting / thought provoking stuff lately. But I think you are wrong that the UK political class wants out of the EU. They all see Euroscepticism at a useful electoral credential, but they all love the federal, unaccountable lure of Brussels power -- the big club that irksome voters are not in.
But if you are right, I am sure we can all enjoy the irony of how skillfully Putin's banker set have used the London securitization desks to raise a lot of German capital from pension funds and insurance companies. Those custodians of real German savings have a big interest in not seeing Russia isolated ecconomicaly.
Faux team red in the UK says it wants out to protect its base from being outflanked. Just like faux team red in the US implies it wants to scale back the power of the executive to appease its base (as opposed to its actual desire to use that power for its own ends) and prevent a schism whereby the Tea Party goes UKIP.
Give the people what they actually want and the lying leaders what they said they were asking for...
Regardless, the Russians need a demonstration case and the UK doesn't want peace with Russia (due to a fetish for the "balance of power" tipping to their favor dating to at least the Concert of Europe and their experience with the Holy Alliance and League of Three Emperors, which helped motivate banksters in London & NY to bankroll the Bolsheviks overthrow of the Czars only to see their worst fears realized with the Molotov–Ribbentrop Pact, which had it held- would have led to the conquest of England, so the there is too much history and sound political and military doctrine to outweigh mere words from the mouthpieces of TPTB in London. The historical exceptions are the brief episodes where both England and Germany have been allied with Russia against a common enemy, but the marriage of London and New York finance prevents that for the foreseeable future.)
Many thanks for the most useful clarification. So London treads a tightrope - domestically it pretends to be broadly eurosceptic (but not nearly seriously enough to ' let the people decide with a referendum)while in reality being in or out or semi in the EU is a low priority issue. The glue that realy binds is a fear of marginalisation resulting from a German / Russian powerhouse and embedded financier co dependency with Washington/wall st.
No wonder Cameron looks short of sleep, and devoid of sincerity.
When I lived in London I didn't pay attention to local politics or their insane system of sorting garbage, but socially, their politicians are the same banal dimwits pursuing influence and pet projects and willing to cut any deals that help to do so that you find at happy hour at Irish Times or the Prime Rib in DC, just slightly better dressed and drinking more expensive scotch.
broadly speaking, you are right on London. the devil is, as always, in the details
specifically, the City of London is still the eurozone's external hub of finance and FX trading denominated in EUR. as such, it was always against the EUR, then the fancy multi-peg among the 18 currencies is a lot of missed opportunity, while Frankfurt, Luxembourg and all the other minor european financial hubs were always the pesky little damn competitors, which from time to time put pressure on the City. note the FX manipulation scandals that are surfacing in London
the German-Russian "Entente Danger" is, in my reading, wishful thinking by Moscow and fearful thinking by London. and a fundamental misreading of Germany's policies, which are Bismarckian to the core. Note that Germany has a finger in every pie... but is never alone
Never Alone Again could as well be sewn as motto in the German flag. The German Foreign Ministers never meet any geopolitical matter without profound and detailed agreements with other european countries. The true spirit and basis of the EU, and something the German electorate (and the political elite) wants and demands. The New Concert of Europe
"...they all love the federal, unaccountable lure of Brussels power -- the big club that irksome voters are not in."
I think you have missed the EU Parliament elections of 2014. What you for sure missed is how much electoral canvassing happened in Germany, Austria, Luxembourg and other core EU countries with the "lead candidates" presenting themselves as the future's parliament's choice, and how this shifted the balance of power between the EU Parliament and the EU Council
But why did you miss it?
Britons, for example, broadly missed it completely. Mainly thanks to Cameron taking the British Tory Party out of the Conservative Coalition of EU parties, the EPP. And so sparing Conservative Britons the embarassment of having JCJuncker as their lead candidate for the EU Commission presidency. Note that the EPP has won the EU Parliament's elections as biggest party group, and now Juncker is forming the new EU Commission
so that big club allows voters... but not British Tory voters... because Cameron made sure they would sit in opposition, where they feel themselves more at ease
this in marked contrast to the next biggest parliamentary party group, the Socialists, who hum along very well on the tune of the New Concert of Europe, including the British Labour party
so in short... the EU is a voter's thing... but not for Southern Englishmen... thanks to Cameron. and this is all because the British Conservatives's double-split between voting in part for the UKIP in european elections with a proportional voting system, and voting for Torys in the British elections with a First Past The Post voting system
and... drum rolls... the quirks of the British (and influential AngloSphere) media landscape
I take it Ghordius you don't actually live in Germany. The EU Election farce had posters with Martin Schulz, former bookseller and alcoholic, on placards for the Socialists with a "Vote for me I'm GERMAN" text which offended Daniel Cohn-Bendit.
The posters for the EPP or whatever it calls itself had pictures of Mutti Merkel rather than Juncker, so those voting CDU were voting for Merkel not Juncker.
This kind of Soviet-style List Election is ideal for oligarchs and Tammany Hall. Germany doesn't act in concert, it has politicians who are laergely civil servants - look at the Bundestag, 40% are Beamte. They are not leaders but civil servants.
They are puppets whose strings are held by the USA and cannot make a decision without France or Britain balancing them out because they are afraid - afraid that child porn be found on their laptops, afraid their PhD thesis be revealed as plagiarised, afraid their crystal-meth addiction be exposed.
The German MPs are hopeless and it is a repeat of Weimar without the calibre of a Stresemann
Sandmann, I'm sorry but I don't see any serious arguments in your reply
WTF are you talking about the "EU Election farce"? The posters were for the CDU. And the CDU - the Christian-Democratic Union party of Germany - is a member of the EPP, the European Popular Party "group". German voters in the EU elections were voting for CDU candidates, and Merkel is the CDU party leader, and the whole CDU was behind Juncker as decided in Dublin at the 2014 EPP convention, where of course the German CDU was represented by it's delegates
If you are against democratic elections in general... your problem and your opinion. Yet you are not entitled - nobody is - to your own facts, and your's is a misrepresentation, and your "Soviet-style List Election" is pure, unfactual slander
yes, there is a lot to be afraid as Member of any european Parliament. is this a problem that originates in europe?
yes, some were booksellers, and some are alcoholics, and in Italy some were pornstars, and in Germany lately one was found with a crystal-meth addiction, and many German Bundestag MPs are state servants. so fucking what? do you want to take the right to be elected away from "indesirables"?
I had to look up what the heck is "Tammany Hall". From a cursory glance, I gather that you accuse the German political system to be systemically riddled by that type of corruption also known as "Machine Politics", because of it's "list system"
three arguments against this view:
- the German Bundestag elections are 50% "list elections" and 50% direct candidate elections
- machine politics is potent where choice for "likely-to-be-elected candidates" is restricted. by FPTP electoral systems. not the case on the continent, where established parties can be (and are, from time to time) voted out to irrelevancy
- machine politics is further even more potent in parties where the leader is the "fount of all policy". and this does not apply to any continental party I know of. and as a wonderful relevant example: Merkel went to Dublin together with her delegates... and was originally not in favour of Jucker, but the majority of the CDU delegates were. and this is a good example of democracy inside political parties
Someone needs to tell this clown Ukraine is not in Russia and these sanctions will not help him get access to the crash site.
Why is the UK foreign secretary so stupid? He says he wants Russia to 'give access to the crash site' !!!! Hello! Its KIev that is attacking the site and keeping inspectors away as the OSCE observers have reported and even the Dull Dutch PM complained yesterday that Kiev was frustrating the investigation - so why is Hammond thick and ignorant?? Oh he wants Russia to 'give access to the crash site'. Only way Russia can is to invade and smash Kiev and secure the site. Roll your tanks Vlad - Hammond just asked you to!!
A Brit who wont vote for the idiots currently in Govt.
boomerang will fly back when the us paper is rid of ny Russia, and the assets in west are sold and converted to gold. UK politicians are doing what the Washington tells them to do. Winter is coming.
Deport Russians, import Mexican gang kids....great swap
Where's my taxi driver?
BP is feeling a tad hamstrung, from its recent news release. XOM and haliburton seem to think it's business as usual. hardly seems fair. meanwhile norway idles in wait and see neutral.
Not to worry You got yur EU masters to take care of you. Just make sure you mail in yur 50m pounds a day to the communists!
hey Britain, it's your shit fkg economy that's going to affect your economy
Hopefully this will bring ZIO pUKe to its knees -
and a Peasants Revolt will ensue.
(Why do ALL Brit politicians look so damn effete?)
Why so effete? Because so many are illegitimate children of aristocrats, emulating daddy?
At least that was the theory going around, as to why a certain type of people went to Oxbridge (Oxford/Cambridge) and ended up in the Civil Service: If they couldn't inherit daddy's title or part of his assets, at least they could look after them as civil servants. Likely to be into fagging*
My UK friends on the other hand, came from working-class families and are the Rugby & Pub types. Chasing a tasty crumpet**. No fagging and... "No poofters!" (from Monty Python)
* https://en.wikipedia.org/wiki/Fagging
** In British English, the term The Thinking Man's Crumpet is a way of describing a woman who is popular with the opposite sex primarily because of their intelligence, but also due to their physical attractiveness.
More than theory,
My English lit teacher at Public school was the third son of a baronet.
The next son up, was a Whitehall mandarin.
The heir managed the family biz. and estate after a stint in the army.
My teacher said his father had wanted him to have been a bishop somewhere.
He liked wine, woman, and song more.
Govt.,army, and church, the old English control mechanism.
Sound familar ?
NOT IN MY NAME.
Iraq, totally failed state thanks to US 'liberation'
Libya, also totally failed state post US intervention.
Egypt, US puppet government forced out, MILITARY COUP total police state.
Afghanistan, a trillion dollars later, Islamic state looming.
Ukraine, US puppet government dissolving into a failed state as I write.
Russia and China know full well that they are the next targets.
Europe is to become a wasteland.
what is a uk economy?
A holding company that did own the US.
Israel did a reverse takeover.
It will hit Southern France also very hard. Buying or renting something over there usually is being promoted first in Russian. And without a popular Southern France Paris is totally lost.
In general the UK economy is not particularly competitive, over-weighted in the service sector and global finance it is vulnerable to problems that surface throughout the world. London is very vulnerable to any problems in the Euro-zone.
Much of the recent strength comes from the fact that thousands of Britons are receiving compensation for Payment Protection Insurance (PPI). Most Americans reading about the pickup in Britain's economy never even heard of the PPI. The total paid out so far, £13.3bn or about 22 billion American dollars has been a huge economic boost. More about this in the article below.
http://brucewilds.blogspot.com/2014/02/uk-economy-flood-of-questions.htm...
UK economy is a dog. The private sector is so undercapitalised it cannot create value-added jobs so the public sector takes up the slack. Just compare a garage repairing cars Germany and UK - just look at how much equipment the German has, rolling roads etc. Look at training of mechanics. Just look at any sector - Britain is capital poor because it is locked in The City for speculation.
Britain lost it from 1890s after a series od Stock Market frauds - first rauilways, then cars, which is why the British car industry never developed as in Germany or France or USA. Every new industry attracted the loan sharks and bucket shop stock fraudsters.
Every wave of Speculative Mania whether Hawtrey in 1929 which started the Wall Street Crash or John Bloom or Jim Slater or Hanson etc......they have all used City credit to wreck and liquidate business.
UK = Obama's arse puppet. Cameron
UK = GW Bush arse puppet. Blair
UK = H Clinton arse puppet. XXXx.
UK have been the USA's little yapping poodle for some time, otherwise known as Murdochville.
Having lost the British Empire the UK runs around looking for reflections in the US empire. Problem now for the UK is that they have tethered themselves to the Hidenburg.
Oh the humanity....you can hear Cameron now.
https://www.youtube.com/watch?v=F54rqDh2mWA
Fuck you and your shared sacrifice. You sacrifice first and most you bastards. You and your sons take up guns and go fight the Russians. The ordinary citizens of Europe are sick and tired of fighting your wars.
"but you can't make an omelet without breaking eggs"
what I believe is this :
The sivilized west (read pirates forever with USA as chief) is in economic trouble so they want to breakup Russia into small small pieces , then after that , gobble up all those pieces which have oil & gas .
Its like a booster dose to economy.
"Foreign Secretary Warns Russian Sanctions 'Will Hit UK Economy'"
It's all explained, right here:
PR Stunt Man David Cameron & his lying, crony government are pushing for moar sanctions against Putin - not because there is any reason for them, if there were then he'd say so - but because when the British economy tanks again and it's revealed there is no recovery, no growth, and the deliberately manufactured house-price boom goes bust (a boom created by Cameron/Osborne to fool voters in good time for the May/2015 election), he can blame the disaster on unfortunate consequences of the sanctions against Russia.
Foreign Secetary Philip Hammond is now preparing the ground for exactly that.
To maintain the illusion that he is an upright & proper person, Prime Minister Cameron will of course continue to sieze the moral high ground and argue that the sanctions must stay in place because "Putin won't do whatever it is that he has not been told to do".
Britain has been taken over by a gang of criminals. The lying, soft-Left government of Cameron could only be worsened by putting Red Ed Miliband in No.10. As an Ashkenazi Jewish Marxist (with a few scores to settle against Russia), he would probably double or triple the sanctions against Putin overnight.
Look at Cameron's family background in Holland and the fact he went to Eton, the school with the worst History Department in the indepebndent sector. He is as dim as Clegg. Their buttons are being pressed by descendants of Russian Jews who hold a grudge against Russian Nationalism but adored Soviet Communism run by their relations.
First it was The Church Amendment to get Moses' people free to the USA and then it is to destroy Russia and Putin marks the rebirth of the Russian State in an era when the elites are trying to destroy nation states and impose one by force of arms in liquidating fast-breeding subhumans in Gaza
It gets worse ...
Blair was assigned a tennis player record producer as his fundraiser by the Israeli Embassy at a reception - Lord Levy even had a son in the Likud government. Cameron has Lord Freud, his tennis player chum from BNC.
Mossad always finds a minder for the halfwits who run Britain to offset the Arab slush that buys attention from seedy politicians.