George Gammon: Sanctions are merely a way for Rich people to feel good at the expense of the poor.

Sanctions are merely a way for Rich people to feel good at the expense of the poor.

— George Gammon (@GeorgeGammon) April 6, 2022

ECONOMIC SANCTIONS PARADOX:
1. EU countries sanction Russia to hurt its economy
2. The commodities that Russia sells increase in price
3. EU countries buy these commodities at the higher prices
4. Russia's economy strengthens
5. EU economy weakens

— Garland Nixon (@GarlandNixon) April 5, 2022

The EU may move to sanction Russian oil and gas next
👀🇪🇺🇷🇺

🛢️ European Council President Charles Michel just told parliament that “measures on oil and even gas will also be needed sooner or later"
🥊 Must "exercise maximum pressure" so atrocities stophttps://t.co/60gKPskx4L

— Stephen Stapczynski (@SStapczynski) April 6, 2022

Meanwhile the European inflation expectations hit a new record #Slowflation pic.twitter.com/fudJIescpP

— Alessio (@AlessioTMAD) April 6, 2022

Eurozone inflation has moved up to 7.5%, its highest level ever.

Meanwhile, the ECB is still holding interest rates at negative levels with no plans to normalize.

This is perhaps the greatest disconnect between monetary policy and rising prices that the world has ever seen. pic.twitter.com/RPhn1MsRR4

— Charlie Bilello (@charliebilello) April 5, 2022

The ECB has lost all credibility…

"Our job is to maintain price stability"

"We keep prices stable by making sure that inflation remains low, stable, and predictable."

"We are targeting an inflation rate of 2%"https://t.co/RWFZcBosWW pic.twitter.com/Z7sVJvlobM

— Charlie Bilello (@charliebilello) April 5, 2022

GERMANY’S CHANCELLOR SCHOLZ: I BELIEVE THAT THE PERIOD OF GLOBALISATION WHEN EVERYTHING WAS VERY CHEAP IS COMING TO AN END.

— The_Real_Fly (@The_Real_Fly) April 6, 2022