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ECONOMICS AND FINANCE

bloomberg: europe to turn tables, counter-sanction the us

6/28/2020

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Vince Dhimos answered a question at Quora.
 
https://www.quora.com/Why-doesnt-Europe-abandon-the-USA-and-NATO-and-accept-the-Chinese-world-order-Wont-the-world-be-a-much-more-prosperous-and-peaceful-place-if-it-shuns-the-USA-and-its-warmongering-ways/answer/Vince-Dhimos
 
WHY DOESN’T EUROPE ABANDON THE USA AND NATO AND ACCEPT THE CHINESE WORLD ORDER? WHY DOESN’T EUROPE ABANDON THE US AND NATO AND ACCEPT THE CHINESE WORLD ORDER?
 
Editor-in-Chief at New Silk Strategies (2016–present)
 
A recent article in Bloomberg shows that the first step toward your dream may in fact come true. Germany Weighs Measures Against U.S. Over Nord Stream Threat
 
In fact, Germany’s refusal to pay the exorbitant amounts assessed by Trump toward the upkeep of NATO forces in Germany is a first step in pulling away from that protection racket. (https://www.quora.com/Why-hasn-t-NATO-evaluated-its-peacekeeping-experience-to-identify-and-implement-best-practices-for-transitioning-failed-states-into-functional-democracy/answer/Vince-Dhimos).
 
Bloomberg writes:
 
“Chancellor Angela Merkel’s administration is considering pressing for coordinated European Union action, according to two German officials familiar with the discussions. An economy ministry paper seen by Bloomberg News said such measures by the U.S. would be new and could hit significantly more German and European companies and banks as well as state agencies.” [This refers to the new US sanctions against Europe. Vince]
 
Some background is in order. Germany is the acknowledged leader of the EU. In fact, former German defence ministress Ursula Von der Leyen is now the president of the EU Commission, the body that makes the really important decisions and decides which issues get voted on. It is reasonable to expect her loyalty to her own country to play a role.
 
As for the China part of the question, while Europe can’t afford to abandon the US completely, a China-EU summit has been held as a video conference. The US is already too openly hostile to China for a US-China summit to take place.Brookings Institution highlights the differences between the US and EU approach to China. The future of trans-Atlantic collaboration on China: What the EU-China summit showed.
 
According to that report, the EU is not about to wage any kind of trade or other economic war with China, despite EU misgivings about Chinese governance. This approach has the advantage over the US because China, despite US objections, is inextricably tied to its partner countries, including the US. The Trump idea of complete decoupling can only harm the US. And of course, the harder Trump pushes against China and pushes the EU to join in its anti-China policies, the harder the EU will push back against the US. This forms the back drop of the planned German and EU sanctions against the US.
 
The issue behind the new move toward independence of Europe is the US sanctions intended to kill the Nord Stream 2 project based on a legally binding contract between Russia and Germany for the laying of a pipeline and the supply of natural Russian gas to Germany. The sanctions already caused the main pipe-laying company Allseas to suspend its work with only 6% of the pipeline remaining to be laid. It was a sleazy dirty trick on the part of the Trump administration and the US Congress and Senate. Although the US bases its move on the ridiculous idea that buying Russian gas puts Europe’s “energy security” at risk, the scarcely hidden ulterior motive is the desire to sell US LNG to Europe. The absurdity of the US pretext is obvious when you consider that US LNG costs 40% more than Russian pipeline-delivered gas. It boggles the mind. And it infuriated Germany.
 
Now that Merkel will be the wizard behind the EU curtain, there can be no doubt that both German national and EU supranational measures will be taken against the US for its brazenness.
 
This stands geopolitics on its head, with the sanctions bludgeon now in the hands of Europe and with the US on the receiving end.
 
What has gone around has come around.
 
WAR NEWS
 
 
Russian Hmeimim airbase swats down dozen missiles fired by Turkish-backed jihadists
 
https://avia.pro/news/neozhidannyy-manyovr-rossiyskih-pvoshnikov-v-sirii-zastavil-turciyu-drozhat-takogo-erdogan-ne?utm_referrer=https%3A%2F%2Fzen.yandex.com&utm_campaign=dbr
 
Since Turkish proxies are attacking Russians and Turkey is a proxy of the US, you can say that the US and Russia are at war with each other. Russia has superior air power.
 
Sudanese would/be mercenaries arrested
 
https://www.almasdarnews.com/article/sudanese-forces-arrest-dozens-of-mercenaries-en-route-to-libya/?utm_medium=ppc&utm_source=push&utm_campaign=push%notificationss&utm_content=varies
 
Like all US wars, the attack on Sudan ordered by Bill Clinton in Sudan in 1998 was based on a contrived pretext and most observers agree it – along with an attack in Afghanistan – was done to divert attention away from the Lewinski scandal. As I always say, the US has no department of defence. Its engagements are always offensive and criminal so that department should be properly named as the Department of Offense.
 
It is interesting to note that Sudan, which was humiliated by Bill Clinton and attacked for no valid reason at all should now support the forces of Khalifa Haftar, who opposes the “government” of Faez Serraj in Tripoli which exists solely at the pleasure of the UN and the US and has no democratic legitimacy whatsoever. It was Hillary Clinton who headed the State Department when the heinous murder of Ghadaffi by the US-NATO threw Libya into chaos and opened its doors to the terrorists who are now fought by Khalifa Haftar and supported by Serraj, so it is only fitting that Sudan should support Haftar by supplying him with weapons.
 
Once more, the Washington war machine ignored the fact that even weak nations that it attacks can eventually find a way to fight back.
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