Understanding "Sanctions" and "Scarcity - - Assumptions(?)!)

[mascale]

So in the absence of any incentive to production--"Supply it, and they will buy it," sounds Soviet, somehow. Then in contrast, U. S. imposed sanctions against Russia. U.N. imposed sanctions against North Korea. North Korea wants to impose some nature of sanction against Guam(?). There are very few assumptions of a pre-existing scarcity shown. The idea does seem to be to keep people from buying things(?): En Masse.

To compare this with real life, even in Genesis, Humans emerge from the famous self-service forest: And do farming. That is about 5000 years ago. Jewish Israel puts the earth age at a human history countable, 6000 years, or so. According to most history, possibly Cain and Abel wandered into ancient Sumer(?), where one human could borrow three measures of barley, raise a crop, become a neighbor. The loan could be repaid four measures of barley. Accepting for the mythology of the deity, A stable food supply would have happened. Neighborhood identity happened. A kind of ,"First Ghetto." would have happened. According to the Deity--according to legend(?)--all because mom and dad had screwed up the original GPS, of all of history(?). All digression aside, easily, then barley beer was able to happen!

Repayment of the first loan, with the first usury: Was clearly civilizing. The arithmetic was simple. Beer was able to happen. Soon, people would even go to university(?).

Technically: That is not modern economics, developed with basis in a scarcity assumption, and with need of public works spending to bail out the participants, from the impact of the usury arithmetic. Like so many know already, Beer can be better.

Humans were not skilled at arithmetic. Code of Hammurabi creates a remedy for aggravated dads everywhere: To sell the (wife) and kids into slavery, to satisfy debts. So the wife and kids get fed, clothed, housed, "educated," and put to useful community activity. Welfare has happened, and after a few years there is freedom, into new productivity. Beer has already been noted to have happened.

Nothing scarce has happened. An arithmetic contrivance has happened. Since there is no scarcity, there is remedy, and greater creative productivity. It takes no Einstein to create an abundance assumption. Any economy of humanity happens because of abundance.

Moses was an educated man of Imperialist Egypt, skilled at all its arts, (Acts 7). He could denigrate, subjugate, eviscerate, flog, enslave, brutalize, demean, degrade, slaughter, infect(?), and spread it all around with the best of them! Indirectly, it is in the Bible. It is in Acts. . .awaiting the re-write.

So Israel was set to rejecting civilizing usury, and to charge it to everyone foreign, (Deut: 23:19-20). Repeating, according to the deity--at the mandatory direction of the deity--There is no usury allowed within the ghetto, all of a sudden, or maybe there never was supposed to be(?). It does, however, make sense to use the arithmetic: To screw everyone else, who is alive and prosperous, into subjugation. Subjugation would become the deity version of an entire right of all of Israel, and whatever the Holy Father calls it, and Her Majesty's Anglicans all call it.

Like so much already shown: That does not get directly so-stated! In Moses and Israel World: Atrocity and subjugation is the normal way of life, deity-directed. It is something the deity has offered a Chosen People. That does get so-stated, except not like that! The deity provided that everyone else could be conquered, or beset. Eventually, the male children would turn age 13: But the victims were not invited--unless they had money(?)!

Denigration becomes economics without so much as a decent, screaming, Republican Town Hall Meeting, if truth were to be told(?).

Jesus ben Joseph, Son of Mary, Called, "Oh Christ!" would demonstrate the arithmetic in Matthew 25:14-30: And effectively cement economics into. . .many would say, "accounting." The times were Roman, in the era of the creation of the Roman Empire. The Imperial arts of Egypt were famously widely admired. Jesus would set himself up as another Caesar-creature on the earth--destined to reign in heaven. Into subjugation went the poor, even in "The Kingdom of Heaven," in the story. The Moses Atrocity had so taken hold: That a basis of Christianity was created. It is followed, even now.

And so even now, the nations can Sanction one another, and promise "Fire and Fury," against one another. The same planet is there. The resources are suddenly scarce.

Famously, even in Israel people let the rabbis in the building, and celebrate some lethal concept of a deity.
"To the boxcars, they must go," all the peoples forever.

Alternative arithmetic, Matthew 20:1-16, shows a usury of community applied. Maybe grandma and the infants cannot be set to work all the day: But equally in the community they are participants alike--even at some blessed table.

"Is it me, Lord!?" "Is it me, Lord?" never comes up, even: Ranting Jesus screaming back at all the others!

So original usury gets a reputation with no basis in anything empirical. Mohammed would condemn any wealth from it. Adam Smith would regulate it. Karl Marx would ignore it completely. Keynes was gay, and could be said to have famously suggested that, "The people bend over and await the Public Works," as the outcome of usury. The inverse of usury--an equality of distribution to young, old, laboring, and disabled alike: Was not to be noted going forward.

"Crow, James Crow: Shaken, Not Stirred!"
("Fire and Fury" The Replay, maybe next: Which makes it a mistake all by itself!)

 

[waltky]

Granny says, "Dat's right - Lookit dat Fatboy laughin' inna face o' Trump's sanctions...

U.S. To Impose More Sanctions On North Korea, But How Effective Will They Be?
November 20, 2017 • The Trump administration is increasingly using economic sanctions to try to influence behavior in North Korea, Venezuela and Russia. But the strategy doesn't always work — and can backfire.

When President Trump announced Monday that the U.S. intends to designate North Korea as a state sponsor of terrorism, he said the U.S. will also announce the imposition of additional sanctions on Pyongyang. The Trump administration is increasingly using economic sanctions to try to influence behavior, but experts warn the strategy doesn't always work — and can backfire.

In September, Trump announced sanctions aimed at crippling North Korea's banking system, shipping and trade networks. The administration has also been going after individuals and firms in other countries doing business in North Korea — especially in China. "The perception," says Stephen Heifetz, a Washington lawyer who has worked in both Republican and Democratic administrations on foreign investment strategies, "is that without Chinese dealings with North Korea, that would really put a squeeze on the North Korean economy."

North Korean leader Kim Jong Un inspecting a launching drill of the Hwasong-12 ballistic missile at an undisclosed location. Kim vowed to complete North Korea's nuclear force despite sanctions, state media reported.​

The Trump administration now appears to be inching toward punishing medium or large Chinese banks, which would be "a game changer," Heifetz says. "If [a] Chinese bank is on the U.S. sanctions list, large institutions around the globe are likely to stop doing business with that Chinese bank," he says. He believes that could have a cascading effect. The U.S. financial network is central to the global economy, and the dollar is the world's currency of choice. An effort to isolate one or more of China's large banks from the international market would be a significant blow to Beijing.

But Anthony Ruggiero, a North Korea specialist with the Foundation for Defense of Democracies, says it could also backfire. "I think they would probably call our bluff on that," he says. Targeting Chinese banks could force Beijing to retaliate — perhaps even imposing its own sanctions on U.S. banks doing business in China — and fuel a trade war. Ruggiero says that possibility is not lost on the Trump administration. "That's what I think is likely going on inside the administration," he says, "is this internal debate on what happens next. That's one reason it hasn't happened."

'Central tools of statecraft'

See also:

Trump Designating North Korea As A State Sponsor Of Terrorism
November 20, 2017 • That designation was removed in 2008, when the North Korean government pledged to dismantle its nuclear program. The president says additional sanctions will be imposed.

The Trump administration is putting North Korea back on the State Department's list of state sponsors of terrorism. President Trump says the move "supports our maximum pressure campaign to isolate this murderous regime." President Trump told reporters on Monday that the Treasury Department will officially announce additional sanctions and penalties on the North Korean regime on Tuesday. President Trump says this should have happened years ago. In fact, North Korea was on the list until 2008, when the Bush administration took it off, in an ultimately failed bid to salvage a denuclearization deal.

Trump's move won praise from members of Congress, who supported legislation that paved the way for North Korea's return to the blacklist. "Over the past year alone, Kim Jong Un and his regime brazenly assassinated his brother with a chemical weapon and brutally tortured Otto Warmbier, leading directly to his tragic death," writes House Foreign Affairs Committee Chairman Ed Royce, R-Calif. "These aren't isolated incidents, but are examples of a consistent pattern of terror." President Trump also mentioned Warmbier in his brief statement at the beginning of a Cabinet meeting on Monday where he made the announcement. Warmbier is the UVA student who was spent a year and a half in a North Korean jail only to return in a coma. He died a week later.

Secretary of State Rex Tillerson acknowledged that putting North Korea back on the terrorist list is a largely symbolic move, with limited practical effect. "It just points out again what a rogue regime this is and how brutal this regime is and how little they care for the value of human life," Tillerson told reporters. "I don't want to suggest to you that the designation is going to put a whole new layer of sanctions on them," he added. "We already have North Korea so heavily sanctioned in so many ways with the UN resolutions that have been undertaken. But this will close a few additional loopholes."

Tillerson suggested other countries supplying North Korea with so-called "dual use" equipment — that could have both military and civilian applications — might think twice as a result of the new designation. The other countries on the State Sponsors of Terrorism list are Iran, Sudan and Syria.

Trump Designating North Korea As A State Sponsor Of Terrorism