The sanctions are directed also against Germany

by Professor Dr Eberhard Hamer, Mittelstandsinstitut Niedersachsen e. V.

The NATO concept is still: “keep the Americans in, the Russians out and the Germans down!”
  This principle also prevails in the sanctions against Russia. The USA is consistently acting according to its own advantage:

  • It can only sell its fracking oil and gas if Europe no longer has the chance to get the cheaper Russian gas. For years it has therefore been operating against the Nord Stream 2 pipeline, and US President Biden announced the economic end of this during German chancellor Scholz’ last visit. Since then, the price of gas in Europe has doubled, and if American fracked gas can be sold, Europe will even be dependent on American supplies to cover its energy gap. The boycott of Russian gas thus serves primarily to make a market for the too expensive American gas.
  • There is a reason why the USA is cutting off Russian gas delivery to Europe while remaining the second largest buyer of oil/gas from Russia, namely: “to raise the rival’s costs.”
      
    Nevertheless, it remains inexplicable why German politicians like Baerbock, Röttgen and the like are so fanatically fighting Germany’s cheap gas purchases from Russia and are thus deliberately harming their own voters. The Atlantic-financed press is even jubilant about the German chancellor stopping Nord Stream 2, as if this were a German victory over Russia; in fact, we have not so much shot Russia in the foot as ourselves. It is no other than us who is losing cheap gas; it is our industry and our households.
      The next few months will show the ensuing consequences: cheap energy is the basis of international competitiveness. We already have the highest wages and social costs in the world. If we now also have the highest energy prices, this will dramatically weaken Germany as a production location; first, energy-intensive industry will be ousted, then heating and electricity costs of every medium-sized company and every single household will be hit – in other words, prosperity will be reduced comprehensively.
      A policy that not only allows this to happen, but even looks happily forward to it happening, is not a policy in the German interest, and harms us more than it helps.
  • The next intended USA sanction against Russia concerns the world clearing system (SWIFT), which Russia is no longer to use, so that Russia may be “sidelined from international payments”.
      
    This measure, too, will harm Germany more than the USA, because we have stronger financial and economic ties with Russia than the USA and will be existentially dependent on trade with Russia in the long term. Relying solely on the bankrupt and imploding world power USA as an economic partner is becoming increasingly dangerous. The Russian open market, which is also closer to us, could be much more conducive to further prosperity in Europe than a one-sided Atlantic orientation. But the motto is: “to keep the Russians out.” It would be dangerous for the USA if cooperation with Russia were to develop in the centre of Europe. This would endanger the sustaining American delusion of world power.
      The fact that the USA wants to expel Russia from the SWIFT settlement system could lead to a Pyrrhic victory, because China has long since been developing a competing settlement system1 and will be happy to accept the Russians into it. Then all other countries that trade with Russia and China will no longer have to settle via SWIFT but be able to use the Russian2 and Chinese system, the dollar will lose its monopoly position and the Americans will lose the opportunity to continue to live lavishly in the dollar empire by printing dollars at the expense of the rest of the world. In this respect, these financial sanctions could become a turning point for the US economic and dollar domination of the world.
  • The seizure of Russian assets in the world through US sanctions could also boomerang for the USA. It has a chronic trade deficit (about 650 billion dollars), which is difficult to cover with financial inflows. And the requirement for financial inflows from the world into the dollar and the USA is that people believe their money is safer in the USA than in other countries. Now the world’s investors find that their money and assets in the USA and elsewhere in the world (like those of Germany after 1945) are suddenly blocked, confiscated or even gone, that in the dollar empire assets are apparently just as insecure as in other states or even more so, and that in the USA, politics count more than property rights. At the moment, only the Russians are affected, but perhaps soon also the Chinese and all those who want to continue trading with them? And this could soon also affect many Germans who have “secured” their assets wholly or partially in the USA. German assets all over the world have already been confiscated by the USA once after 1945. Why should a USA in acute financial distress not reach for foreign assets again, in order to survive? Apparently, foreign assets are now more at risk in the USA than elsewhere. The Russian oligarchs are now only the first to suffer this.

If one evaluates the sanctions, they are superficially harmful to Russia (“keep the Russians out”).
  But they also strengthen the position of the USA in Europe (“keep the Americans in”), who can in this way boost its world energy monopoly (Europe buys expensive US fracked gas instead of cheap Russian energy) and shut down payment transactions between Europe and Russia (“keep the Germans down”).
  The US empire is decisively strengthened – at least in Europe – by the Ukraine crisis: the US NATO demands and gets the backing of all European vassals, is revived as an organisation that has actually long been superfluous (Macron: “brain dead”), which means about 200 billion in sales for the American arms industry. And the European satellites have once again complied with the political directives from the USA for “joint punitive measures”, whether voluntarily (Johnson) or under pressure (Scholz), although as a result, e.g., Germany suffers major economic disadvantages itself.
  The author has shown in a study that during the last world war, South Africa became an industrialised country because it was largely cut off from its traditional economic relations. Therefore, the more the USA drives Russia and China out of the dollar empire, the stronger their self-sufficiency and own economic strength will become. The sanctions against Russia are therefore likely to become only a short-term and short-sighted success for the USA, but lead to long-term damage for Europe (“raise the rival’s costs”).
  The two world wars should have taught us Germans that peace and prosperity will only stay secure in our country if we have no enemies and, above all, if we do not wantonly make enemies. Germany’s central position in Europe demands balance and candour on all sides. If we allow ourselves to be dragged into foreign power struggles for the sake of insecure, corrupt systems (Ukraine) and to be driven to imposing sanctions is in any case not in Germany’s interest, but we will only self-damagingly follow foreign directives (“keep the Russians out and the Germans down”).  •



1 CIPS (Cross Border Interbank Payment System)
2 Russia has already established SPFS (System for Transfer of Financial Messages) as an alternative settlement system after the Crimean crisis and is eager to force the world’s banks to be also represented in this competing settlement system. Russia’s exclusion from SWIFT would therefore be a boost for alternative settlement systems and a permanent damage to SWIFT.


Western sanctions policy finds little support worldwide

“The efforts of the transatlantic powers to isolate Russia as much as possible worldwide are meeting with broad resistance. India refuses the demand to join the sanctions policy, is working on an alternative payment system not dependent on SWIFT and the US dollar, and is planning to expand its oil imports from Russia. Saudi Arabia and the United Arab Emirates are resisting the demand to greatly expand their oil production to enable a global oil embargo against Russia; British Prime Minister Boris Johnson returned home empty-handed yesterday after negotiations on the Arabian Peninsula. Several South American states, including Argentina, Brazil and Chile, are pressuring Russia to at least allow Russian fertiliser exports; otherwise, they say, the global food supply is in danger. The states of Latin America and Africa are staying away from the sanctions policy, as are Turkey, almost all the states of Southeast Asia and the Middle East, and China. The popular statement in the West that Russia is ‘isolated in the world’ is not true.”

https://www.german-foreign-policy.com/news/detail/8874 of 18 March 2022

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