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richwicks says
The USSR was run by a bunch of incompetent assholes that treated their (competent) underlings like shit
... and Ruscia is continuing that tradition.
Egypt is preparing to adopt Russia’s Mir payment system and include the Russian ruble on the list of currencies used by Egyptian banks and tourism companies, according to an Egyptian Central Bank official who spoke with Al Monitor. ...
Cairo reportedly made the decision in anticipation of the winter tourism season, taking advantage of Europe’s ill-fated sanctions campaign against Russia.
Several countries across the world are seeking to start using the Mir payment system, chief among Iran, which has long been the target of punitive economic sanctions from the west.
The head of Iran’s banking and insurance department of the Iranian Finance Ministry, Qorban Eskandari, said on 16 August that Tehran is “just months away” from implementing the Russian payment system, which serves as an alternative to western systems like Visa and Mastercard.
Days later, Russian and Iranian companies started conducting trade in their national currencies for the first time.
Turkish President Recep Tayyip Erdogan said early in August that five of Turkey’s most prominent banks have already started using the Mir payment system.
Bahrain is also planning to introduce the Russian system “in the near future,” according to the kingdom’s ambassador to Russia Ahmed Abdulrahman al-Saati.
“In Bahrain, we will soon introduce the Russian Mir payment system into banking services, which will allow tourists from [Russia] to relax comfortably and safely with us,” Al-Saati said during the St. Petersburg International Economic Forum (SPIEF) in July.
Sanctions imposed on Russia in the wake of its invasion of Ukraine have backfired for the most part, pushing Moscow closer to its allies in the Global South, and leaving both the US and Europe scrambling to deal with the loss of Russian fuel.
Europe Commits Suicide-by-Sanctions
Sept. 12 - A Swiss billboard is making the rounds on social media depicting a young woman on the telephone. The caption reads, "Does the neighbor heat the apartment to over 19 degrees (66F)? Please inform us." While the Swiss government has dismissed the poster as a fake, the penalties Swiss citizens face for daring to warm their homes are very real. According to the Swiss newspaper Blick, those who violate the 66 degree heating limit could face as many as three years in prison!
Prison time for heating your home? In the “free” world? How is it possible in 2022, when Switzerland and the rest of the political west have achieved the greatest economic success in history, that the European continent faces a winter like something out of the dark ages?
Sanctions.
While long promoted – often by those opposed to war – as a less destructive alternative to war, sanctions are in reality acts of war. And as we know with interventionism and war, the result is often unintended consequences and even blowback.
European sanctions against Russia over its invasion of Ukraine earlier this year will likely go down in history as a prime example of how sanctions can result in unintended consequences. While seeking to punish Russia by cutting off gas and oil imports, European Union politicians forgot that Europe is completely dependent on Russian energy supplies and that the only people to suffer if those imports are shut down are the Europeans themselves.
The Russians simply pivoted to the south and east and found plenty of new buyers in China, India, and elsewhere. In fact, Russia’s state-run Gazprom energy company has reported that its profits have increased by 100 percent in the first half of this year.
Russia is getting rich while Europeans are facing a freezing winter and economic collapse. All because of the false belief that sanctions are a cost-free way to force other countries to do what you want them to do.
What happens when the people see dumb government policies making energy bills skyrocket as the economy grounds to a halt? They become desperate and take to the streets in protest.
This weekend thousands of Austrians took to the streets in a “Freedom Rally” to demand an end to sanctions and the opening of Nord Stream II, the gas pipeline on the verge of opening earlier this year. Last week an estimated 100,000 Czechs took to the streets of Prague to protest NATO and EU policy. In France, the “Yellow Vests” are back in the streets protesting the destruction of their economy in the name of “defeating” Russia in Ukraine. In Germany, Serbia, and elsewhere, protests are gearing up.
Even the Washington Post was forced to admit that sanctions on Russia are not having the intended effect. In an article yesterday, the paper worries that sanctions are inflicting “collateral damage in Russia and beyond, potentially even hurting the very countries that impose them. Some even worried that the sanctions intended to deter and weaken Putin could end up emboldening and strengthening him.”
This is all predictable. Sanctions kill. Sometimes they kill innocents in the country targeted for destruction and sometimes they kill innocents in the country imposing them. The solution, as always, is non-intervention. No sanctions, no "color revolutions," no meddling. It's really that simple.
What happens when the people see dumb government policies making energy bills skyrocket as the economy grounds to a halt? They become desperate and take to the streets in protest.
https://mailchi.mp/ronpaulinstitute/eusanctions-116257?e=5289e1161e
Europe Commits Suicide-by-Sanctions
The CEO of the world’s largest steel manufacturer has issued a grim warning as plants continue to shut down amid the mounting energy crisis.
Reiner Blaschek, the CEO of ArcelorMittal Germany, warns that the German wing of the company can no longer compete due to soaring energy costs.
The energy crisis in Germany is turning into a manufacturing crisis, Blaschek warns.
https://www.reuters.com/article/us-russia-stalingrad/the-return-of-stalingrad-russian-region-proposes-renaming-airport-idUSKCN10Z1DI
The return of Stalingrad: Russian region proposes renaming airport
https://slaynews.com/news/worlds-largest-steel-manufacturer-warns-crisis-plants-shut-down/
The CEO of the world’s largest steel manufacturer has issued a grim warning as plants continue to shut down amid the mounting energy crisis.
Reiner Blaschek, the CEO of ArcelorMittal Germany, warns that the German wing of the company can no longer compete due to soaring energy costs.
The energy crisis in Germany is turning into a manufacturing crisis, Blaschek warns.
Germany fucked by the American Deep State.
https://www.reuters.com/article/us-russia-stalingrad/the-return-of-stalingrad-russian-region-proposes-renaming-airport-idUSKCN10Z1DI
The return of Stalingrad: Russian region proposes renaming airport
https://slaynews.com/news/worlds-largest-steel-manufacturer-warns-crisis-plants-shut-down/
The CEO of the world’s largest steel manufacturer has issued a grim warning as plants continue to shut down amid the mounting energy crisis.
Reiner Blaschek, the CEO of ArcelorMittal Germany, warns that the German wing of the company can no longer compete due to soaring energy costs.
The energy crisis in Germany is turning into a manufacturing crisis, Blaschek warns.
Germany fucked by the American Deep State.
Putin is engaging in some cold-blooded calculus here. "Make things very uncomfortable for people in the west and they will cave in and let me do what I want to do."
We cannot let Putin win this battle!!!!
U.S. government operations and domestic costs related to Ukraine, which covers the increased expenses to government agencies for operations like moving embassy personnel and prosecuting war criminals. It also includes $2 billion for support to energy companies, particularly the nuclear industry, to offset higher supplier costs. Some observers might exclude the energy subsidy as only tangentially related to the war in Ukraine. This tabulation includes the item since the administration categorized it as Ukraine related.
A1: Congress has passed three aid packages. The first in March ($13.6 billion) was tacked onto the massive $1.5 trillion omnibus appropriations for FY 2022. The package in May ($40 billion), which contained the major portion of the aid, was a standalone bill. The package in September ($13.7 billion) was attached to the continuing resolution. It was designed to provide aid through December, when Congress will consider full-year appropriation bills. As the chart below shows, the three packages total $68 billion.
On November 15, the administration submitted a new aid request of $37.7 billion which, if passed, would bring the total to $105.5 billion. This new aid package is designed to last through the end of the fiscal year (September 30, 2023). However, at the current rate of spending ($6.8 billion per month), this would last until about May. At that point, unless the war has ended or settled into a stalemate, the administration would need to ask for additional money.
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Putin is engaging in some cold-blooded calculus here. "Make things very uncomfortable for people in the west and they will cave in and let me do what I want to do." Long ago, Western democracies caved into Hitler in hopes of appeasing him and stopping a second world war. We know what happened afterward. We are going to have high gasoline and diesel prices. We are going to suffer high prices for food, timber, and natural gas for a long time to come. We are going to see large numbers of people face starvation. We cannot let Putin win this battle!!!! Decades ago, Stalin and Chairman Mao engineered famines that killed millions of people. Putin is the same kind of monster