Sanctions on Russia will backfire on the U.S., expose failings of dollar, food rationing ahead

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Sanctions on Russia will backfire on the U.S., expose failings of dollar, food rationing ahead

Watch Kitco NEWS Video: Sanctions on Russia will backfire on the U.S., expose failings of dollar, food rationing ahead. Sanctions against Russia are a tool of warfare and will backfire against the U.S. and its allies, leading to food shortages and potential food rationing in the short term, and damaging the U.S. dollar’s dominance in the long term, according to Michael Wilkerson, founder of stormwall.com.

“Russia has worked, for the last almost decade, to sanction-proof its economy…sanctions rarely work because the impact tends to be born by the sanction-imposing country,” Wilkerson told Michelle Makori, Editor-in-Chief and Lead Anchor of Kitco News.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)

0:00 - Gold sanctions
6:05 - Oil price cap
10:30 - Oil and gas production
22:00 - Sanctions will backfire
30:10 - Outcome of Russia-Ukraine war
34:00 - Death of the global monetary system
38:00 - Impact of Russian sanctions on U.S.
45:45 - Investment implications
49:30 - Sanctions that have failed
55:00 - New book

#oil #sanctions #russiaukrainewar
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Bitcoin and other crypto news, prices and info. Russia Secretly Hoarded Gold for This Moment; Sanctions to Backfire on U.S. Russia CANNOT avoid sanctions using Bitcoin.. Russia Will Not Be Stopped By Financial Sanctions. Biden announces new Russia sanctions. Russia CANT use Bitcoin To Avoid Sanctions. #Bitcoin & It's Reaction to Russia Swift Sanctions. Russia Receives Financial Sanctions All Over The Globe.. Cryptocurrency Is An Unlikely Workaround For Expanded US Sanctions Against Russia. HEAVY SANCTIONS AGAINST RUSSIA | HODL BITCOIN. Biden to Impose Additional Sanctions on Russia. Could Russia Use Crypto to Circumvent Global Sanctions?. U.S. Imposes Sanctions on Russia for Cyber Attacks, Election Interference.

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