Some takes on the economic consequences of the economic warfare being waged by the west.

“ Commodity markets have been in turmoil since the Special Military Operation began. European natural gas jumped as much as 60% on Wednesday, as buyers, traders and shippers avoid Russian gas. A combination of sanctions and commercial decisions by shippers and insurers to steer clear has cut that contribution to global supplies sharply over the last week. A default cascade by western companies is perfectly possible. And Supply line disruption is inevitable….
…. The New York Times describes this impact on local businesses and industries as nothing short of “frightening”, as all kinds of small businesses across Europe (prior to last week’s events) have been forced to cease their operations as energy costs outweigh profits. Large industries have not been immune to sticker shock either. “Almost two-thirds of the 28,000 companies surveyed by the Association of German Chambers of Commerce and Industry this month rated energy prices as one of their biggest business risks … For those in the industrial sector, the figure was as high as 85 percent.”
Burning Globalist Structures to Save the Globalist ‘Liberal Order

Hudson’s latest piece-

‘ The basic assumption of economic and diplomatic forecasting is that every country will act in its own self-interest. Such reasoning is of no help in today’s world. Observers across the political spectrum are using phrases like “shooting themselves in their own foot” to describe U.S. diplomatic confrontation with Russia and allies alike...
.. I had expected that the end of the dollarized imperial economy would come about by other countries breaking away. But that is not what has happened. U.S. diplomats have chosen to end international dollarization themselves, while helping Russia build up its own means of self-reliant agricultural and industrial production. This global fracture process actually has been going on for some years now, starting with the sanctions blocking America’s NATO allies and other economic satellites from trading with Russia.For Russia, these sanctions had the same effect that protective tariffs would have had.’
The American Empire self-destructs

Some sobering assessments of the current financial crises. Aside from the arms merchants profiteering thru expansion of NATO markets, the damage this will cause in the near and long term will far outweigh any advantages to one market sector. I’m convinced the neocons running this sh!tshow have not thought it out beyond their own narrow ideology.

As Doctorow wrote in my initial post- ‘Place your bets accordingly’