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
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