The idiot zeepers here cheering on the sanctions are delusional.
Washington DC just continues to demonstrate its incompetence. It’s embarrassing.
If these sanctions were so significant, why were they not done in March 2022 ?
if you can’t buy anything outside the country, and all money generated stays inside the country, ipso facto economic growth...
The IMF forecasts that Russia will have real GDP growth of 2.2 percent, which is little different from their forecast for war torn Ukraine at 2 percent, or the US at 2.1 per cent. Broad conclusion cannot properly be drawn from such marginal differences in GDP growth forecasts.
Imagine if Russia allies decided to stop shipping to USA. How long would we last?
We will defeat Russia.
Or, they will defeat themselves.
“...imposed by the U.S....”
It’s NOT imposed by the U.S. It’s imposed by the illegitimate Biden regime.
The same Quisling Puppet regime that is going to be dealt with soon. Vidkun Quisling was executed by firing squad at Akershus Fortress, Oslo, on 24 October 1945. History repeats.
2/29/2024
Funny how Saddam said the same thing.
The official national debt was about $ 5 trillion 23 years ago, and today has raced past $ 33.7 trillion, with only a certain few Americans and multinationals reaping the rewards.
US median per capita $65K -- Less than $50k -- 60.96% of population
This has become a fiscal rape of the nation.
Debt ClockFederal Budget Deficit Grew to $2 Trillion in FY 2023 Tax Foundation, 12 October 2023
Let’s end this war tomorrow. This is what Biden needs to say: “tomorrow I am reopening the Keystone project, granting exemptions to all fossil fuel powered vehicles working our nations supply chain as well as all port of entries for our shipping practices. Our goal over the next 3-6 months is to lower the costs for food and fuel for all Americans and the cheapest oil on the global market so other states can get their own houses in order.”
If that’s all Biden says, tomorrow the Russians, Iran, China will come running with hat in hand.
In my youth industrial countries were normally independent except for the import of raw materials.
My 1978 house was totally built from US made stuff. The only foreigner involved was my uncle, who was the builder.
Touting percentage Rates of Growth often leaves out the subject’s lowly starting point making transitory growth meaningless.
Sanctions do not usually, if ever have the intended consequences. They are a waste of time. Often causing more harm to the issuing countries.
This is not new to anyone with a basic economics understanding (London, Chicago or Austrian schools).