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Russian Sanctions: Never Underestimate the Stupidity of U.S./EU Leaders

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From the day of the U.S/EU backed the coup against the Ukraine government, the propaganda machines of the U.S and Europe have worked over-time to make Russia responsible for the crisis. To be sure, Putin, like Obama, wasn’t going to let a good crisis go to waste.

How many times did the illegal Ukraine government, NATO, and U.S.generals claim to have proof that battalions of Russian troops had invaded eastern Ukraine? Yet, the proof was never forth coming because it never happened. The downing of the Malaysian jetliner was blamed on Russia, but only Putin consistently called for an international investigation. So, where is the investigation? As civil war broke out in eastern Ukraine, it was Putin who called for negotiations and the U.S/Eu that called for more sanctions. Negotiations were organized by Putin, which included the rebels but no representatives of the West. A cease-fire was achieved and has with only few disturbances. How did the U.S./EU respond to this achievement? They responded with more sanctions.

I’ve lost count of how many rounds of economic sanctions have taken place. Each time we are told by our fearless leaders that the newest sanctions are tougher than the previous round and that the added sanctions are going to hurt Russia’s economy so much that Mr. Putin will be forced to rectify Russia’s egregious actions. By now, Russia’s economy must be a complete bust, right?

What if, instead of doing serious harm to the Russian economy, the sanctions were actually harming the economies of the U.S. and Europe? The author of this Zero Hedge article thinks that is the case. On the latest package of western sanctions against Russia energy and financial sectors, he reports:

Exxon and Shell, for instance, are frozen in their operations with five top Russian oil/gas/pipeline companies: Gazprom, Gazprom Neft, Lukoil, Surgutneftegaz, and Rosneft.

{…}

The package was also described by Western corporate media as capable of“unnerving already jittery financial markets.” Well, they were not exactly“unnerved.” In Russia, the stocks of companies on the sanctions list went up. In the US, energy stocks went down.

Russian companies obviously have other options than working with the West’s Big Oil. Think China, India, Iran, and Brazil.

But the financial sector sanctions, which cut off Russia’s access to dollars and Euros, are surely taking their toll, right? Not so much, apparently.

Russia has a huge surplus of foreign capital – and is able to weather the storm. Germany – the EU’s top economy – on the other hand, is already suffering. Growth is already at a negative 0.2%. This is the way the hysterical sanction wind is blowing – further derailing EU economies. And no one is betting the EU will have the balls to stand up to Washington. Not in vassal-infested Brussels.

President Obama can’t win. His doctrine of “Leading from Behind” in the Middle East has failed miserably. Now, he has shown himself to be equally inept as he “Leads from In Front” in the U.S./EU economic war against Russia.  Under his “leadership”, the U.S./EU are more like the Gang That Couldn’t Shoot Straight. You have to wonder when they will get tired of shooting themselves in the foot?

Well, that’s what I’m thinking. What are your thoughts?

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