Tag: US Dollars

[4.24.2022] US sanctions against Russia are illegal and only make things worse

Tina Marie (Ms. Cat)

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.

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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.

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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)

Brazil’s Lula proposes creating Latin American currency to ‘be freed of US dollar’ dependency

Tina Marie (Ms. Cat)

Brazil’s left-wing leader Lula da Silva says if he wins the 2022 presidential elections, “we are going to create a currency in Latin America,” called the Sur (“South”), to combat “the dependency on the dollar”

Brazil’s Lula proposes creating Latin American currency to ‘be freed of US dollar’ dependency

Previously:

US Coup Specialist Victoria Nuland Visits Brazil

Sadly, I doubt that Lula is going to become President, if this is true, or he won’t stay President very long. US’ interests (AKA Big Business/CIA/NED) won’t allow it. 🤷🏼‍♀️

I Cannot Live on Tomorrow’s Bread

Tina Marie (Ms. Cat)

On April 19, the International Monetary Fund (IMF) released its annual World Economic Outlook, which forecasted a severe slowdown in global growth along with soaring prices.‘For 2022, inflation is projected at 5.7 percent in advanced economies and 8.7 percent in emerging market and developing economies – 1.8 and 2.8 percentage points higher than projected in … January’, the report noted. IMF Managing Director Kristalina Georgieva offered a sobering reflection on the data: ‘Inflation is reaching the highest levels seen in decades. Sharply higher prices for food and fertilizers put pressure on households worldwide – especially for the poorest. And we know that food crises can unleash social unrest’.

I Cannot Live on Tomorrow’s Bread

Related:

This Isn’t Putin’s Inflation

H/T: The New Dark Age

Patrushev: The West Has Created an Empire of Lies Presupposing the Destruction of Russia

Tina Marie (Ms. Cat)

Nikolay Patrushev, Secretary of the Russian Security Council, in an interview with Rossiyskaya Gazeta, spoke about the tasks of the Russian special operation and the role of the United States in supporting neo-nazis. And also – about the near future of Europe, the Russian gold and foreign exchange reserves and sanctions. And also about what changes await our country in the near future.

Patrushev: The West Has Created an Empire of Lies Presupposing the Destruction of Russia