Collateral damage to US and UK sanctions


Joseph Robinette Biden secured the US presidency through the public display of Trumpian inconsistency during the fortunately truncated daily press conferences the 45th president had on the Covid-19 situation in the United States. In reality, the Trump administration had done quite an effective job of combating the virus born out of Sino-American collaborative experiments at the Wuhan Institute of Virology (WIV). President Trump has sought to avoid jumping into the WHO-suggested trap of crippling economic activity by imposing sanctions that killed jobs in 2020 rather than man-made virus transmission. Unfortunately for Trump, those lower in the food chain have continued with the very team led by Dr. Anthony Fauci who funded the WIV. If Trump had won the election that year, Fauci and his cronies would have been fired. Biden put them on steroids, and that burst of energy was replicated by the man-made virus, which increased its spread and mortality in 2021 despite President Biden saying and believing he had the best minds in the world to kill the pandemic, at least in the United States. Biden has sworn to be better than Trump, and he’s showing the world that he’s even more adept than Trump at blasting his own image and goodwill with his approach to problems. Ironically, given the way the Biden-Johnson-sponsored Russia sanctions regime is leading to the demise of the US dollar as the world’s reserve currency, if he fails to push his admittedly visionary social legislation through the US Congress, he could be the last US President to have the luxury of printing almost unlimited money to fund various needs. Such excessive use of dollar manufacturing was only made possible because individuals as well as governments viewed the US dollar as a safe currency reserve. The Biden-Johnson sanctions, including against ethnic Russians who aren’t even citizens of the Russian Federation but are ‘close’ to Putin (whatever that means), have shown the world that due process has been extinguished in the US and UK less.
Assets have been stolen – sorry, confiscated – in the past, including Libya’s gold and currency reserves once that country became a regimeless state thanks to NATO bombings in 2011, but not with the visibility that has been demonstrated in terms of making all of Russia pay for “Putin’s war”. With Russia a major player in the world of commodity markets, not only them but the rest of the world are paying an increasing price for the Biden-Johnson sanctions regime against Russia, measures publicly designed to melt the Russian economy. and beg its population. Joe and Jill Biden are avid churchgoers, and it’s clear that the US president is at least one of those who likes to listen to the sermons that are part of church services. Biden is so thrilled that he appears to have staffed his administration with lay preachers, one of whom (whose other job was in the National Security Secretariat) was in Delhi a few days ago. No doubt with a wagging finger and a disapproving look, this ‘senior civil servant’ warned the 1.4 billion people of the world’s most populous democracy that ‘there would be consequences’ if India refused to follow suit. the American line on Ukraine with the same loyalty that Quad members Australia and Japan have shown. Biden and Johnson took action against Russia that would result in the collateral damage of the end of the US-controlled petrodollar regime and the UK-centered global gold selling and pricing system. President Putin’s response of forcing NATO member states that are buyers of Russian gas and oil to pay in gold-denominated rubles or go without supplies shows that reports from the CIA, CGHQ and others about his mental deterioration are somewhat premature. Once implemented, this new measure would prevent the London Bullion Market Association from fixing the international price of gold. The Biden-Johnson sanctions also punched a hole in the London Metals Exchange. Experts have suggested that now is the time for India to create an Indian Gold Markets Association to seize leadership in the trade of this precious metal, the price of which will now be set not by the pound sterling but by the Russian rouble, 5,000 of which was made exchangeable for a gram of gold. Simultaneously, the US dollar joined the British pound, euro and Swiss franc as risky assets to hold for those outside the NATO network. What was done to Russian billionaires today can be done just as quickly to their counterparts in China, or in parts of the world such as Africa and Asia, where the refusal to obey the diktat of key members of NATO can lead to the expropriation even of those who have renounced the citizenship of the offending country. If Joe and Boris were the “sincere friends” of the PRC they (wrongly) say they would be, they couldn’t have done a more thorough job of damaging the future of the US and the UK. United that the duo have not managed since February 24. 2022. DND


Comments are closed.