Monday, July 21, 2014

Sanctions and Airliners -- Paul Craig Roberts -

Paul Craig Roberts

NOTE: Photos are now available of the wreckage from the Malaysian airliner crash. Notice the extensive debris and the large section of fuselage. You are observing remains of an airliner that was hit with a missile at 33,000 feet and fell to impact land. Remember, no such debris was present at the site where the airliner is alleged to have hit the Pentagon and at the alleged crash site in Pennsylvania of the 4th 9/11 hijacked airliner. Give that some thought. No doubt but that the 9/11 Commission will conclude that only Malaysian airliners leave debris.

The unilateral US sanctions announced by Obama on July 16 blocking Russian weapons and energy companies access to US bank loans demonstrate Washington’s impotence. The rest of the world, including America’s two largest business organizations, turned their backs on Obama. The US Chamber of Commerce and the National Association of Manufacturers placed ads in the New York Times, Wall Street Journal, and Washington Post protesting US sanctions. NAM said that the manufacturer’s association is “disappointed that the US is extending sanctions in increasingly unilateral ways that will undermine US commercial engagement.” Bloomberg reported that “meeting in Brussels, leaders of the European Union refused to match the US measures.”

In attempting to isolate Russia, the White House Fool has isolated Washington.

The sanctions will have no effect on the Russian companies. The Russian companies can get more bank loans than they need from China, or from France and Germany.

The three traits that define Washington–arrogance, hubris, and corruption–make Washington a slow learner. Arrogant people wallowing in hubris are incapable of learning. When they encounter resistance they respond with bribes, threats, and coercion. Diplomacy requires learning ability, but Washington left diplomacy years ago and relies on force.

Consequently, with its sanctions Washington is undermining its own power and influence. Sanctions are encouraging countries to withdraw from the dollar payments system that is the foundation of US power. Christian Noyer, Governor of the Bank of France and a member of the European Central Bank’s Governing Council, said that Washington’s sanctions are driving companies and countries out of the dollar payments system. The huge sum extorted from the French bank, BNP Paribas, for doing business with countries disapproved by Washington makes clear the increased legal risks that arise from using the dollar when Washington makes the rules.

Complete story at - Sanctions and Airliners -- Paul Craig Roberts - PaulCraigRoberts.orgCC Photo Google Image Search Source is latuffcartoons files wordpress com  Subject is obama sanctions

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