RE: SWIFT SANCTIONS - is it a NUCLEAR WEAPON in financial markets?

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SWIFT SANCTIONS - is it a NUCLEAR WEAPON in financial markets?

in hive-175254 •  3 years ago 

I don't think economic sanctions have ever had their intended result. Aggressive action followed by a economic sanctions have historically caused more aggression like WW2 and the attack on Pearl Harbor.

Impoverishing a nation leads to those in power to have better control over the people they lead.

I would suggest that the leadership responsible for the actions be charged with war crimes. You and I could not order people to take actions that lead to the death of people, why should our leaders be any less responsible?

I think there would be a lot more diplomatic solutions applied if leadership on both sides were held responsible for their actions as well as the parties who provide the weapons that are used. (Weapons manufacture should be non-profit and fined heavily if weapons are used in aggressive conflicts.)

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Hi @lightsplasher

I don't think we've ever met. Thanks for dropping by and sharing your thoughts with me.

Aggressive action followed by a economic sanctions have historically caused more aggression like WW2 and the attack on Pearl Harbor.

That's such a good point.

You and I could not order people to take actions that lead to the death of people, why should our leaders be any less responsible?

Well. Truth be told - such a life. People with power will have always different set or rules and will be less likely to be taken accountable for their actions.

Still, I'm quite fearful. Collapse of small countries like Venezuela, North Korea or Iran may not cause any real global crisis. But collapse of Russian economy will be painful for VERY MANY people out there.

Wouldn't you agree?

Yours, Piotr