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former9thward

(33,424 posts)
3. Sanctions don't work.
Wed Apr 27, 2022, 09:55 PM
Apr 2022

Even with isolated countries like N. Korea they don't work. NK has been under sanctions forever and their behavior (and government) has never changed. They especially will not work with Russia. The vast majority of the world's countries are not participating in the sanctions. Even our neighbor, Mexico, is not participating.

Russia has been preparing for this for years. They have developed their own credit card system and can ignore the Western brands. They have done the same thing with banking. They are keeping the price of oil up and are making huge profits -- even selling at a discount -- to China, India and scores of other countries in Asia, Africa and S. America.

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20 percent interest rates. roamer65 Apr 2022 #1
oh, yes, the interest rates, probably bonds, ect... play in but the risk has got to be "yuge"! nt yaesu Apr 2022 #2
Also, the Chinese Yuan is seeing increased use. roamer65 Apr 2022 #12
The Russians haven't used theor own currency for serious transactions for a while now. DFW Apr 2022 #13
Reminds me of my 2001 trip to Australia. roamer65 Apr 2022 #14
That and the fact that foreigners are allowed to buy rubles but not sell them GregariousGroundhog Apr 2022 #10
Sanctions don't work. former9thward Apr 2022 #3
Sanctions take time rockfordfile Apr 2022 #4
North Korea and Iran have been under some form of sanctions for decades. former9thward Apr 2022 #5
Sanctions are just one tool in the toolbox Kaleva Apr 2022 #17
The amoral market is betting the world can't quit Russian fossil fuels. hunter Apr 2022 #6
When will the world learn that decentralized solar energy is the ultimate solution. UCmeNdc Apr 2022 #7
We zoomed right past that exit a long time ago. hunter Apr 2022 #8
update just now yaesu Apr 2022 #9
If those numbers (75.43 now vs 72.75 before) are accurate, the ruble is getting weaker, not stronger DFW Apr 2022 #11
You are mixing up Euros and dollars. former9thward Apr 2022 #15
That doesn't quite compute, though DFW Apr 2022 #18
'I am paid in dollars but live in euros.' Celerity Apr 2022 #16
I could only wish! DFW Apr 2022 #19
I'm paid mostly in favors like some Cory Doctorow novel. hunter Apr 2022 #20
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