From MISH'S Global Economic Trend Analysis blog and the article Russia Under Attack: Letter from CEO of Genoil to CEO of JPMorgan Chase on US Foreign Policy Blowback
An Incomplete History of US Foreign Policy Disasters
- War reparations imposed by the allies gave way to German hyperinflation and the rise of Hitler.
- In 1953 the US and UK orchestrated the Iranian coup d'état in an operation called "Operation Boot" in the UK and the "TPAJAX Project" in the US. This in turn led to the US backed Shah of Iran overthrown in 1979. In August 2013, 60 years after, the American Central Intelligence Agency (CIA) admitted that it was involved in both the planning and the execution of the coup, including the bribing of Iranian politicians, security and army high-ranking officials, as well as pro-coup propaganda. The CIA is quoted acknowledging the coup was carried out "under CIA direction" and "as an act of U.S. foreign policy, conceived and approved at the highest levels of government."
- The War in Vietnam started with an outright lie from president Lyndon B. Johnson regarding the Gulf of Tonkin Incident. A document declassified in 2005 shows the US fired first, on North Vietnam. In a second episode, the US fired on "Tonkin ghosts" (false radar images) and not actual torpedo boats as claimed.
- It's pretty clear the US helped foment the overthrow of Ukraine's president Viktor Yanukovych, but the US will probably will not admit that for another 30 years.
- Bush's lies led us to invade Iraq with disastrous consequences including the evolution of ISIS.
- Finally, Bin Laden's number one reason for the attack on the US was because the US had troops on sacred Arab soil.
The very best the US can expect out of sanctions on Russia are as follows:
- Deeper European recession
- Political battles with various European leaders
- Loss of potential profit by US multinational corporations
- Ukraine in need of bigger bailouts
- Russia strengthens ties with China at expense of US and Europe
- Increasing resentment of Russian citizens toward the US, some of which may take hostile actions against the US, US citizens, or US corporate interests
“Unfortunately, that is the very best that can happen! Laughably, president Obama calls that 'winning' on the basis Russia is suffering more than Europe. With that ridiculous definition, let's return to the questions I asked at the outset: Does one measure pain in a one-sided manner? If Russia loses a leg and Europe an arm, is that winning or is it just plain stupid? It's difficult to contemplate the worst that could happen, but David Lifschultz mentioned one possibility in his letter to various CEOs: The wrong reaction could 'trigger implosions in the quadrillion of derivatives'.”
Neocons have ridiculously failed one more time. After the mess they brought in Iraq, they had this “brilliant idea” to support these militant groups so that to bring down Assad regime, which is attached to Russia, and probably destabilize Iran too. Now they are closing fronts and call everyone to destroy ISIS.