Something is wrong with our sanctions policy against Russia..
On Wednesday, the Russian ruble closed 6.6% higher against the US dollar at 66.30 — its highest level since March 2020, according to Reuters' records.
I've pointed out before that most of Asia doesn't support our foreign policy.
But now we have a number because someone did the math.
“How did you go bankrupt?” Bill asked.
“Two ways,” Mike said. “Gradually and then suddenly.”
- from Ernest Hemingway’s 1926 novel, The Sun Also Rises.
The first thing you've got to ask is "How much pain will the sanctions inflict?"
Will they absolutely crush Russia's economy, or just throw it into recession? The correct answer is closer to the latter than the former.
Sanctions don't have a great track record for making political change possible. Just look toward Cuba as an example.
Russian President Vladimir Putin spoke out about the silver lining from years of U.S. imposed economic sanctions.
Year after year, every time that there was an unproven, poorly-sourced rumour about Russia, Democrats demanded new sanctions.
When you are both the biggest and strongest bully on the block, you can get away with just about anything as long as you follow one simple rule: Don't try to take on the entire block at once.
Mike Pompeo has decided to ignore that one simple rule.
The media is obsessed with our standoff with China, but just as important is Washington's aggressive and hostile policy against our European allies, like Germany.
