As the Western world continues to slide into the dust bin of history,
it is not going without a fight. As with any “wounded animal”, once the
reality of pain permeates the body, it typically lashes out at anything
or anyone within arms' reach. In the case of the Western world,
arms'-reach is merely the push of a button and everything begins to
change.
What Europe has already come to realize is these meaningless Russian
and Iranian sanctions only hurt western manufacturing and have minimal
impact on the country the sanction is directed.
Threatening to cut off China from the SWIFT system
is akin to threatening to keep a person out the restroom in a home with
multiple restrooms – it doesn’t matter as there are alternatives and
they simply begin using the alternative and go about their business. The
financial weapon known as the
SWIFT system fired it’s only bullet in 2011
when Iran was locked out. The chamber is empty and there will never be
another bullet for this particular weapon. All it really does is upset
people to the point of China actually telling the U.S. “
calm down and stop making threats“.
If the Trump administration puts sanctions on China, this
would hurt America more because it just forces China and Russia and
other countries to cooperate, says investor and financial commentator
Jim Rogers.
US Treasury Secretary Steven Mnuchin warned on Tuesday that the US
could impose economic sanctions on China if it does not implement the
new sanctions regime against North Korea, saying that the restrictions
could involve cutting off Beijing’s access to the US financial system.
“If China doesn’t follow these sanctions, we will put additional
sanctions on them and prevent them from accessing the US and
international dollar system, and that’s quite meaningful,” Mnuchin said
at the Delivering Alpha Conference in New York City.
The UN Security Council unanimously approved a resolution banning
North Korea’s textile exports and capping its oil imports following
Pyongyang’s sixth nuclear test conducted last week.
****
Jim Rogers: Sanctions are sanctions. They could do sanctions which
are not very important or don’t do much damage. And then they will have
good public relations which says they have sanctions, but it is
meaningless. I would suspect if anything, that is what they will start
with. If they put sanctions on China in a big way, it brings the whole
world economy down. And in the end, it hurts America more than it hurts
China because it just forces China and Russia and other countries closer
together. Russia and China and other countries are already trying to
come up with a new financial system. If America puts sanctions on them,
they would have to do it that much faster and in the end America will
lose its monopoly on the financial system, which will hurt America more
than anybody.
Source
The sanction game is over. It’s only the dying empire of the Federal
Reserve, ECB, Wall Street, City of London and their military strong arm
operating in the Pentagon that have yet to accept this new reality.
The days of bullying nations and simply bombing them into submission
is over as well. Russia and China have made it very clear this is no
longer acceptable and Russia has all but shut down the operations in
Syria. The “ISIS” boogeyman is surrounded and fleeing into Asia and
recently showed up in the Philippines. The fact that a group of desert
dwellers acquired an ocean going vessel should be enough evidence to
even the most brain-dead these desert dwellers are supported by outside
forces – like the CIA. Otherwise, from where did the ship(s)
materialize?
Sanctions have been killing the German economy, which is by far the
strongest economy in the European Union. The very loud voice of
opposition has not only been from the German government but the auto
industry as well – this whole sanctions game is not working.
So, what’s a dying empire to do when the financial weapons have no impact and some of the most staunch allies turn their back?
Not only is all this going on, you have gold/silver making a lot of
noise, exposing the lie of the currency; you also have cryptocurrencies
occupying a lot of the focus on the monetary front as well.
The economic war continues and it will be interesting to see how some
of this plays out over the next few months. The stress and strain have
to be taking their toll on the overall system. It would be a fool's errand
to make any type of prediction, especially if you believe, as I do, that
all these moves are orchestrated and the end is already well known to
the people at the top.
The play goes on and the props are being put into place for the next scene. What are you doing to prepare for the unexpected?
 
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
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The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
