This time the US trick did not work.
WWI
The outbreak of World War I caused many disruptions in the American economy even before we entered the conflict two-and-a-half years later. With Russian grain exports blockaded, demand for American wheat soared, as did allied orders for ships, railroad rails, munitions, and other war matériel.
As a result, prices rose nearly 100 percent in the first two years of the war. When the United States entered the conflict, the federal government set up a series of boards to negotiate prices with producers to see that prices stayed in check while assuring a supply of vital materials. The Price Fixing Committee set maximum prices for such materials as coal and steel, but these maximum prices quickly became the standard prices. The only commodity that had a fixed price by statute was wheat.
With the end of the war 20 months later, the American economy soon returned to normal. Prices fell back to more modest levels, partly due to the very sharp, but short, recession of 1920-21.
WWII
The U.S. blocked oil to Japan in 1941 as a response to Japan's aggressive actions in Indochina, which was part of a broader strategy known as the " ABCD line" involving the U.S., Britain, China, and the Netherlands.
The U.S. also froze Japanese assets in July 1941, and the ensuing oil embargo on August 1, 1941, was a crucial factor that pushed Japan to pursue its " Southern Operation" and attack the Dutch East Indies for their oil resources, ultimately leading to the attack on Pearl Harbor and America's entry into World War II.
WWIII
In 2014 the US tried the same wayo by this time using the silly Ukrainian, only that this time China and Russia were ready.
The same script blocking exports of Russian commodities and frozen Russian assets
It did not work.
In despair the US elected Trump to save the US economy.
There is need to quickly undo the wayo and Trump is turning his feet inside his shoes.
Throwing his allies under the bus.
Gone are free economy.
Free move of goods
Free move of capital.
I am watching |
