COVID BOOSTED BUSINESS OF MAJOR DELIVERY COMPANIES, RUSSIA SANCTIONS HURT THEM
From the standpoint of Joe Biden and his bosses, the purpose of Russia sanctions was to hurt Russia first, Europe second – so that the American companies could gain share in the EU markets.
Well, sanctions are a two-edged sword, especially in globally integrated economies.
The Europeans proved that by going along with Biden and agreeing to commit an economic Hara-kari. The depth of their self-inflicted wounds is yet to be felt and the winter approaches.
Now some American companies which represent the lifeblood of the economy are starting to hemorrhage. Such as Amazon and Fedex, for example. The Fedex stock lost over 20% of its value just yesterday, and more than 50% since the Ukraine war started.
Ironically, both companies benefited greatly from Covid as the deliveries surged amid the lockdowns and other restrictions on personal contact in 2020 and 2021 (see the chart).
So what goes around comes around. Biden’s sanctions are starting to bite back. So now the question is, how long is it going to be before the self-interest of those American bankers and businesses who picked him to impose the sanctions outweighs their hatred of Russia?
There are at least two industrial sectors that are rooting that the war in Ukraine, and therefore the sanctions, go on and on. That’s the death merchants (defense contractors) and the oil and gas companies. They are dumping their old gear and testing new technology in Ukraine. For free. Even better. They are getting paid for it by US and the EU taxpayers.
It’s a sweet deal for these mass murderers.
So if this war is to end, somebody needs to put a squeeze on them. Alas, there is no such person or entity on the horizon. Unless other major multinationals grab the death merchants’ puppets like Biden and his EU cohorts by the cojones.
DAVOS, May 23, 2022 – Former US Secretary of State and veteran foreign policy scholar Henry Kissinger said at the World Economic Forum summit in Davos on Monday.
“About eight years ago, when the idea of membership of Ukraine in NATO came up, I wrote an article in which I said that the ideal outcome would be if Ukraine could be constituted as a neutral kind of state, as a bridge between Russia and Europe,” Kissinger said. “I think that opportunity does not now exist in the same manner, but it could still be conceived as an ultimate objective.”
The former Secretary of State said movement toward peace negotiations between Russia and Ukraine needs to begin within the next two months or so.
The outcome of the conflict should be outlined before it creates upheavals and tensions that are more difficult to overcome, Kissinger added.
Kissinger, 98, made the remarks during a virtual discussion with World Economic Forum founder and chief Klaus Schwab as part of the organization’s annual meeting in Davos.
Back in March 2014, he penned an op-ed for The Washington Post, in which he wrote: “The West must understand that, to Russia, Ukraine can never be just a foreign country. Russian history began in what was called Kievan-Rus. The Russian religion spread from there. Ukraine has been part of Russia for centuries, and their histories were intertwined before then.”
Kissinger also stressed in the op-ed that Ukraine “should not join NATO, a position I took seven years ago, when it last came up”.