New global economic tsunamis, courtesy of Cold Warriors and Fed hawks

By Dan Steinbock

Mar 28, 2022 12:05 am

After trade wars and the pandemic depression, the West's aggressive sanctions and US rate hikes will derail economic prospects worldwide. The devastation has only just begun.

PRIOR to the Ukraine crisis, the Biden administration promised targeted sanctions that would inflict pain on Russia. However, Russia's broader economy, its people and the world economy would not be harmed. Yet, that's precisely what has happened.

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