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What will sanctions on Russia do to the U.S. economy? - Michael Wilkerson
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. (show less)
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,” ... (read more)
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