This New Import Law Will Hurt U.S. Consumers
For small importers it will be impossible to do the above. Only big companies [Congress’ gift to Big Corporations] can afford to research and provide all that data and to take the risk of importing products that may get confiscated at the border. They will of course ask their customers to pay for all that.
Previously:
US Crackdown on Forced Labor in China Risks Further Supply Chaos
MoA brings up some things that I hadn’t.
Ex-Treasury Secretary Larry Summers warned that millions of currently employed Americans must lose their jobs in order for the Federal Reserve to succeed in its bid to cool inflation.
Larry Summers warns unemployment must rise to cool inflation
Related:
Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation
Maybe he can ship some more jobs overseas [/sarcasm]?! I’d suggest shipping him, overseas, but I wouldn’t even wish that on my enemy!
Corporate ‘Self-Sanctioning’ of Russia Has US Fearing Economic Blowback
But some Biden administration officials are now privately expressing concern that rather than dissuading the Kremlin as intended, the penalties are instead exacerbating inflation, worsening food insecurity and punishing ordinary Russians [they don’t care about the people, the true purpose of sanctions is to encourage people to overthrow their leader] more than Putin or his allies.
…
When the
invasion[special military operation] began, the Biden administration believed that if penalties exempted food and energy [what exemptions?!], the impact on inflation at home would be minimal. Since then, energy and food have become key drivers of the highest US inflation rates in 40 years, a huge political liability for President Joe Biden and the Democratic party heading into November’s mid-term elections [they only care about winning the midterms].…
There’s no sign that administration officials feel their sanctions policy was a mistake or that they want to dial back the pressure. If anything, officials have said a key US goal is to ensure Russia can’t do to other nations what it has done in Ukraine [then tell Puppet Zelensky to negotiate instead of flooding Ukraine with weapons!!].
…
The Biden administration
rejects[denies] any suggestion that sanctions are part of the problem, emphasizing that the US isn’t penalizing humanitarian goods or food, andputting[shifting] the blame on Putin’s decision to attack Ukraine, including by targeting shipping on the Black Sea [which is blocked with mines].…
About 1,000 companies have so far announced that they are curtailing operations in Russia, according to data collected by the Yale Chief Executive Leadership Institute. That underscores one reason sanctions are so popular with policy makers: They essentially outsource US policy to the private sector [intentional and/or just being lazy?!], which makes it less surgical, less calibrated and less responsive to policy changes, said Smith, the former OFAC adviser.
This becomes important as all sides seek an end to the war [no, they don’t]. The lifting of sanctions can be dangled as an incentive to help bring about a diplomatic resolution to the conflict. But right now it’s hard even to offer that as a potential benefit of entering into negotiations because much of the pullout by American businesses has been self-inflicted [they screwed themselves]. Companies could face public blowback if they are seen as rushing back into the Russian market.
Headline stolen from:
Peter Thiel helped build big tech. Now he wants to tear it all down.
Related:
Not mentioned—Luke Thompson was involved with Protect Ohio Values Super PAC:
A mole hunt, a secret website and Peter Thiel’s big risk: How J.D. Vance won his primary
J.D. Vance and Peter Thiel Accused of ‘Secret Website’ Shenanigans
More About Strive Asset Management:
New ‘excellence capitalism’ movement is challenging woke investors
Jun 16, 2022 | Briahna Joy Gray responds to allegations that she is a ‘fake Leftist.’
Facts Don’t Care About Your Party Identification via The Hill
Corporate-sponsored ‘progressive’ Chunk Yogurt recently called certain leftist YouTubers fake leftists. This is Briahna Joy Gray’s great response.
Margaret Kimberley, BAR Executive Editor and Senior Columnist | 15 Jun 2022
Juneteenth was a people’s holiday with deep meaning for the descendants of enslaved people. But the declaration of an official federal holiday has turned it into an opportunity for corporate exploiters and cynical politicians to show pretend concern for Black people. At best Juneteenth provides a history lesson and an opportunity for much needed political education.
The Problem with Juneteenth
The televised spectacle of the January 6th hearings will not restore democracy or halt the rise of the far right. The hearings are a desperate ploy by a doomed political class.
Society of Spectacle
H/T: THE NEW DARK AGE
As I feared after the messages I received from the CIA/NATO friendly NewsGuard, censorship began to hit my reports on YouTube denouncing the actions of Ukrainian neo-Nazis and war criminals as “incitement to hatred” against a “protected group.
CENSORSHIP – FOR YOUTUBE, UKRAINIAN NEO-NAZIS AND WAR CRIMINALS ARE A “PROTECTED GROUP”
Let’s Take a Deep Dive Into the Breaking Points and their Affiliates
After years of non-stop lies, many have moved away from the mainstream media and began going to alternative media sources. As a result, we’ve seen a lane of media emerge that positions themselves as anti-establishment or populist, but in the end are serving the same corporate interests of the mainstream media.
…
Stay tuned for more updates from Indie News Network on this developing story.
Breaking Points’ New “Network” Features Neo-Cons and Squad Apologists
Video by BigMadCrab on YouTube.
H/T: Breaking Points “Network” is Full of Oligarch-Affiliates and Neo-Cons by Franc Analysis on YouTube.
Related:
Neocons Co-Opting The Populist Movement
4.24.2022 – Perpetually new sanctions against Russia, actively imposed by the United States and its European allies, are formally unilateral measures that have neither a legal basis nor UN approval, writes the Global Times.
…
Notably, Washington is imposing severe sanctions on those economic sectors where US firms are Russia’s main competitors – ignoring industries where US dependence on Russian supplies is evident, such as titanium, which Americans use to make their aircraft and need rocket engines. According to Deputy Secretary of the Russian Security Council Mikhail Popov, the United States has also allowed its companies to import chemical fertilizers from Russia while imposing a ban on other states, writes the Global Times.
…
In addition, the US itself has felt the negative impact of the sanctions more than expected, the article said. Gita Gopinath, first deputy executive director of the International Monetary Fund, has already warned that financial restrictions on Russia threaten to gradually weaken US dollar hegemony and lead to even greater fragmentation of the international monetary system. And according to Andrew Milligan, a former UK Treasury official, the sanctions could also cause US corporate profits to fall, the Global Times reports.
US sanctions against Russia are illegal and only make things worse
Related:
UN Security Council Sanctions (<—No UN sanctions on Russia)
Ms. Cat’s Chronicles 
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