SanctionsSanctions are an interesting topic when The US sanctioned Russia after the beginning of the war in Ukraine The US thought it would weaken Russia and give The Americans an upper hand, but in fact the exact opposite happened. A resource based economy is real wealth in an era of massive money printing of fiat currency. It exposed the house of cards America has become.
In another situation where Iran has been sanctioned for years by The US, it hasn't stopped The Iranians from producing highly accurate and technologically advanced ballistic missiles because their government has sacrificed the standard of living of their middle class for armament production.
China and Russia have joined forces with The Bric nations to dethrone the American dollar and take away their Reserve Currency status. China has a lot of strategic critical metals and the industry that once belonged to America. Russia has the energy and the natural resources.If The Bric nations decided to sanction America, they have the abilty to trade around the swift system and survive, and avoid US sanctions. America no longer has the capabilty to survive sanctions implemented by The Bric's in a trade war. The chess game has changed, America now needs to co-operate and negotiate, rather than to dictate and strike.The World is now in a different position because America's weakness has been disclosed. It didn't happen overnite but the debt based system of The West has destroyed their empire. CHEERS!