Posts filed under “War/Defense”
U.S. Sanctions Against Foreign Nations Are Hurting American Companies
Who are the losers from U.S. sanctions? American companies.
Two giant U.S. business groups – the U.S. Chamber of Commerce and National Association of Manufacturers – ran ads in the New York Times, Wall Street Journal and Washington Post protesting sanctions against Russia. These are not do-good political groups … they are conservative, hard-nosed pro-business groups.
The New York Times reports today:
American business groups have objected to unilateral sanctions, arguing that they would only hurt domestic businesses while their European competitors swooped in.
The National Association of Manufacturers said it “is disappointed that the U.S. is fundamentally extending sanctions in increasingly unilateral ways that will undermine U.S. commercial engagement and reduce the effectiveness of the measures imposed.”
Zero Hedge notes that the sanctions don’t seem to have hurt Russia much:
[The U.S. has] underperformed Russia by almost 20% since unleashing the first set of sanctions and sell recommendations ….
U.S. News and World Report pointed out in April:
Sanctioning Russia’s energy sector is a bad idea that will only marginally hurt Russia ….
Russia is the world’s third largest oil producer, and U.S. or E.U. sanctions against Russia will dramatically lower the global supply, thus raising global prices.
Bloomberg also reports that American power plants are “desperately” turning to Russia for their coal.
The Wall Street Journal reports that – according to a new study – sanctions against Iran cost the U.S. as much as $175.3 billion in lost export opportunities over 18 years
In other words, by demonizing countries instead of peacefully trading with them, the U.S. is shooting itself in the foot economically.
This is not an isolated problem …
But it has become clear that hawkish, imperialistic policies no longer benefit the American economy:
- We’ve thoroughly documented that war is horrible for the American economy, and benefits only a handful of bankers and defense contractors (but as a former high-level Bush administration says, an oligarchy controls U.S. defense policy)
What Exactly Are the Spy Agencies Actually DOING with their Bag of Dirty Tricks? SPECIFIC EXAMPLES OF WHAT THEY MAY BE DOING Newly-released documents from Edward Snowden show that the British spy agency GCHQ has developed numerous offensive digital tools. But what exactly are they doing with these dirty tricks? We think it’s important to…Read More
Eglin Air Force Base Busted Gaming Reddit The Pentagon and spy agencies have been busted manipulating the Internet – including social media – in order to promote false propaganda and to stifle dissenting information. Earlier today, newly-released Snowden docs showed that British spies manipulate polls, website popularity and pageview counts, censor videos they don’t like and…Read More
57 Years Ago: U.S. and Britain Approved Use of Islamic Extremists to Topple Syrian Government Have the U.S. and Its Allies Intentionally Balkanized Syria Into Smaller Regions? BBC reports that – in 1957 – the British and American leaders approved the use of Islamic extremists and false flag attacks to topple the Syrian government: Nearly…Read More
In today’s “Global Outlook,” Bloomberg’s Barry Ritholtz discusses Israel weighing a possible ground operation to quell weeks of Palestinian rocket fire into its territory. He speaks with Trish Regan on Bloomberg Television’s “Street Smart.”
Will the U.S. Intervene in Israel-Hamas Conflict?
Source: Bloomberg, July 8 2014
Spying On – and Blackmailing – Politicians, Generals, Judges, Lawyers and Citizens The newly-published revelations from Edward Snowden show that the NSA and FBI spied on an American citizen running for political office: The NSA also surveilled a U.S. citizen while he ran for political office: https://t.co/UzFya8ltmjpic.twitter.com/3jZdsYxQRG The Washington Post’s report last week also shows…Read More
Merger of Big Banks and National Security Power … What Could Possibly Go Wrong? Bloomberg reports: Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an internal document. The proposal by the Securities Industry…Read More
Definitive Analysis: War Is Bad for the Economy Preface: Two weeks ago, well-known economist Tyler Cowen (a professor at George Mason University) argued in the New York Times that wars – especially “major wars” - are good for the economy. Cowen joins extremely influential economists like Paul Krugman and Martin Feldstein – and various talking heads…Read More
What Americans Need to Know About the History of Spying Americans are told that we live in a “post-9/11 reality” that requires mass surveillance. But the NSA was already conducting mass surveillance prior to 9/11 … including surveillance on the 9/11 hijackers. And top security experts – including the highest-level government officials and the…Read More