"So these sanctions, if you want to break it down, who does the sanctions really hurt in the long run? Well, all of the people all over the world are going to get hurt. Russians suffer absolutely, the citizens suffer. And now the rest of the world, all of the citizens, all the people, citizens of every country and people all over the world, they are going to suffer because of the Russian sanctions," said Laubscher, the host of the top-rated podcast "Cashflow Ninja."
"So financially, everybody's going to get hurt. The entire world is going to get rocked by this. And then, on a you and me level, a human level at the street, we're going to see the impact of this in our daily lives regardless of where you find yourself on the planet. So who does sanctions hurt in the end, especially sanctions of the scale that has just been put on Russia? It hurts everyone. Nobody gets out of this without a scratch or without a black eye. Every single person is going to feel the pain of this in one shape or form."
Economic sanctions seek to isolate and destabilize a country
The international community led by the United States punished Russia with sanctions after its invasion of Ukraine.
Laubscher explained that economic sanctions happen when a group of countries takes an action against a specific country. He said the sanctions against a particular nation include boycotting, stopping of trading relationships and doing business and allowing that country to be plucked into international systems.
The podcast host added that the goal of economic sanctions is to isolate a country and eventually destabilize it and make the environment inside that country very uncomfortable, so that the leaders of that country will either change a stance or policy. He said it could lead to civil unrest, which could lead to a color revolution and a change of regime in a country.
The president and CEO of Producers Wealth, a wealth creation firm helping clients in 50 states, said the first part of the sanctions against Russia was very severe, with the U.S. government and its European allies freezing or seizing the $300 billion foreign reserves of the Russian government. (Related: Filmmaker Gonzalo Lira: US is committing suicide with its economic sanctions on Russia.)
The second part of the sanctions, according to Laubscher, was to ban Russia from the SWIFT system – a payment settlement system used globally. However, Russia and China are already using the CIPS payment system, which is a different option from SWIFT.
The third part involved corporations pulling out of Russia. This affected not only the Russian oligarchs, but also the average Russian citizens.
However, Russia is one of the most resource-rich countries in the world and a provider of major commodities and goods.
According to Laubscher, Russia is in a position of strength to call the shots with other countries needing the commodities coming out of them. So the majority of the countries that still want Russian goods and services will now play by the rules of the Russians, and the money will now move out of the Western system (SWIFT) and into the Eastern system (CIPS).
Laubscher said the Russian sanctions "are going to put rocket fuel on the fire of the supply chain crisis," which will lead to shortages of goods and services in the world. He added that people are going to see massive food shortages all over the world and the effects will be felt everywhere.
He also mentioned that the price of goods and services will go through the roof and the cost of living will go up exponentially, which will inevitably lead to societal and civil unrest all over the world.
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Watch the video below to know why the economic sanctions on Russia will hurt everyone in the world.
This video is from the Cashflow Ninja channel on Brighteon.com.
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