“Well Roared, Paper Tiger “

And so the EU has passed a law prohibiting European companies from following the US sanctions on Iran. They’re so cute sometimes.

The sanctions target the use of US dollars in any transactions, as well as autos, civil aviation, coal, industrial software, and metals. The ones scheduled for November are more far-reaching.

According to Soeren Kern

In a joint statement, EU foreign policy chief Federica Mogherini and the foreign ministers of France, Germany and the UK openly admitted that for the EU the Iran deal is all about money and vowed to protect European companies from US penalties:

“We are determined to protect European economic operators engaged in legitimate business with Iran, in accordance with EU law and with UN Security Council resolution 2231. This is why the European Union’s updated Blocking Statute enters into force on 7 August to protect EU companies doing legitimate business with Iran from the impact of US extra-territorial sanctions.

“The remaining parties to the JCPOA have committed to work on, inter alia, the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran’s export of oil and gas. On these, as on other topics, our work continues, including with third countries [China and Russia] interested in supporting the JCPOA and maintaining economic relations with Iran.”

Well, as an aside, that’s a goodly share of the problem with the EU generally, it’s all about money, just listen to project fear in the UK compared to the love of Britain coming from leave. Greed is not the most important thing in the world. In any case, Most European businesses aren’t buying this horse dung.

The document, riddled with EU jargon, states:

“The Blocking Statute allows EU [economic] operators to recover damages arising from the extra-territorial sanctions within its scope from the persons causing them and nullifies the effect in the EU of any foreign court rulings based on them. It also forbids EU persons from complying with those sanctions, unless exceptionally authorized to do so by the [European] Commission in case non-compliance seriously damages their interests or the interests of the Union.”

In other words, the EU is prohibiting EU citizens and companies from complying with US sanctions and is authorizing EU companies hit by US sanctions to sue the US government for compensation in European courts.

In addition, European companies that do pull out of Iran without approval from the European Commission face the threat of being sued by EU member states.

Even the European press isn’t buying this nonsense. It’s a vanity project to show themselves they aren’t dependant on the US and guarantee their legacy. Well, Obama tried that, how did it work out?

Radio France Internationale (RFI), a French public radio service, said that the effects of the Blocking Statute would be “more symbolic than economic.” It added:

“The law would be more effective for Small and Medium-sized Enterprises (SMEs) doing business in Iran. For large corporations, the solution lies in negotiating waivers or exemptions with the United States. But such requests from France, Germany and the United Kingdom have already been rejected by Washington.”

La Croix wrote:

“Suffice to say that the implementation of this blocking law remains very hypothetical, as it goes into uncertain legal territories.

“Total, Maersk and Peugeot have already decided to leave Iran. Moreover, companies investing in Iran do not seem to believe much in the effectiveness of the regulation. The oil group Total, the ship-owner Maersk or the automaker Peugeot have already decided to leave. German group Daimler announced its withdrawal from Iran yesterday. These groups are more afraid of the US’s ability to implement sanctions than the EU’s wrath.”

In Germany, the public broadcaster ARD published an opinion article by Brussels correspondent Samuel Jackisch titled, “Well Roared, Paper Tiger — EU Defenseless against US Sanctions.” He said that the EU’s new policy was “logical, but largely meaningless,” and an attempt by EU foreign policy chief Federica Mogherini to “defend her political legacy.” He added:

“The EU can try to turn the tables on transatlantic relations, but in the end the US still comes out on top.

“The German export industry’s business with Iran may not be small at around three billion euros. However, the bottom line is that the same companies export 35 times as much to the USA. The EU is demanding that its largest corporations risk the entire cake for a few more crumbs.”

German public broadcaster ZDF wrote:

“The peculiar construction of the EU Blocking Statute remains: Ordinarily, regulations and laws prohibit something. For example, an anti-dumping law prohibits companies from price dumping in order to force competitors out of the market. But the EU Blocking Statute is a call to action: Do trade with Iran and do not let threats from the US president dissuade you!

The newspaper Westdeutsche Allgemeine Zeitung quoted the Chief Executive of the German Chamber of Industry and Commerce (DIHK), Martin von Wansleben, who described the EU’s measure as a “helpless political reaction.” He said that its purpose was to show that the EU does not bow to US sanctions. For individual companies, he said, the blocking regulation has “no relevance.”

In Austria, Der Standard wrote:

“The Blocking Regulation is not an effective antidote to US sanctions, as the historical example suggests…. Although Washington should refrain from extraterritorial sanctions, the US market is too important for corporations to expose themselves.”

In Italy, Südtirol News quoted stock market expert Robert Halver of Baader Bank:

“Due to the US sanctions against Iran, German industry will not touch Iran. If you realize that German industry is doing a hundredfold business in America, you will not do business with Iran, because then sanctions against German companies will exist. Therefore, Iran is certainly going to bleed very heavily at the moment.”

As John Bolton noted:

“Now there may be some small European companies that continue to do business, but they will be insignificant,” John Bolton said during an interview with FOX Business’ Maria Bartiromo on Tuesday. “Russia and China may continue to do business, but I don’t think they’re enthusiastic about this. They’re not going to be stepping up their efforts.”

Who’s out? These folks, for a start. Some familiar names there.

Daimler follows similar decisions by: Adidas (Germany); Allianz (Germany); AP Moller-Maersk (Denmark); Ciech (Poland); Citroen (France); CMA CGM(France); DZ Bank (Germany); Engie (France); ENI (Italy); Lloyds (UK); Lukoil (Russia); Maersk Tankers (Denmark); Oberbank (Austria); Opel(Germany); Peugeot (France); PGNiG (Poland), Renault (France); Scania(Sweden); Siemens (Germany); Swiss Re (Switzerland); and Total (France).

In other words, as both Bolton and the President have noted, you can trade with the US or you can trade with Iran. You can no longer trade with both. Pick one.

In one corner is a failed state, the world’s largest promoter of terrorism, and a country that appears to be on the verge of a revolution.

In the other corner is the world’s largest economy backed by the world largest military, which has guaranteed your freedom and security for generations.

You choose. Choose wisely.

 

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Video Monday

Well, I don’t know, how about some Secretary of State Mike Pompeo to start the week off right. Sounds good to me.

Making fools out of Senators, of course that is low hanging fruit.

 

When he resigned as Foreign Secretary, Boris Johnson prettyymuch took apart Theresa May’s government with very faint praise. Here it is.

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My friends over at The Conservative Woman found this a couple of weeks ago

It’s pretty good, although long. But I do agree with Fionn when he says:

Sam Harris is one of the ‘four horsemen of atheism’ with Christopher Hitchens, Daniel Dennett and Richard Dawkins.

Jordan Peterson has a more ambivalent view of Christianity, talking about its wisdom and the necessary meaning it provides. However, he adopts a Jungian, metaphorical view and seems to believe there is truth, but not that it is the Truth.

Douglas Murray holds a similar view, concluding that Christianity is the best bulwark against Islamism and the progressive madness. Murray made a similar comment to the one I made here, that new religions are being formed by the day as we enter a new era of paganism and what will come may be worse than what was.

Heartening as it is to hear brilliant minds speak highly of Christianity, such an instrumental view of the faith will not survive. We cannot have Christianity without Christ, a religion founded on our (justifiable) hatred and fear of some things – nihilism, Islamism and progressivism – rather than our love of God.

Have a good Monday.

A Splendid Little (Trade) War

Well, does anyone really think that President Trump wants a trade war? He has been a free trader (whose business is dependent on the free flow of goods and services) for quite a while. But he’s also a skilled negotiator and knows that whatever you go into negotiations demanding, you’ll get less.

So he announced some fairly draconian tariffs on the EU, and all of a sudden, here is Junker, himself, in the White House making concessions.

But as Melissa MacKenzie points out here, Tariffs get people’s attention.

Maybe, though, President Trump has found a way to make tariffs work: pushing around the Europeans, who, by the way, did not agree to stop the tariffs against American imports. The only solid agreement that came out of today’s negotiations is that American wouldn’t impose further tariffs – for now.

Nice words

What the European Union had to say.

Not a bad start, and with amazing celerity. Not a few in Britain are a bit envious.

That is true, as is the fact that America has been becalmed for better than a decade, and wages have not gone up, forever, although everything else has. That is dependent on this and it is also dependent on stemming illegal immigration, which puts pressure on prices and suppresses wages as well.

If you are noticing the polls, illegal immigration is by far what Americans care about most.

Oh, and by the way, most of us could not care less about Russia, especially in refighting the last election. In fact, we think we made the right decision, and likely will do so again in 2020.

We like Winning! America First!

[And a note] Coming up fairly soon is the reimposition of sanctions on Iran. As I write this, The UK, France, and Germany are looking about for ways to evade them. Not sure I’d be all that sanguine about even steering close to the winds of evading American sanctions these days. Your countries are not too big to fail.

Russia, Russia, Russia, and Will Rogers

Bored yet with “Russia, Russia, Russia, and yes, some more Russia”? Yeah, me too. I’m not convinced it even matters much for Europe, let alone America. And that is pretty much what America thinks, too. From Bre Payton at The Federalist.

An overwhelming majority of Americans don’t think the ongoing probe into whether Donald Trump’s campaign colluded with Russian officials to steal the presidency from Hillary Clinton is that important, according to a new Gallup poll. 

A record-breaking number of Americans (22 percent) think immigration is the most important problem facing the United States, while 19 percent say dissatisfaction with the U.S. government is the biggest problem and 7 percent think racism is the most important issue.

A combined total of 16 percent of Americans list unifying the country, lack of respect for one another, and the economy in general as the most important issues. The other issues that make it to the top of the list are health care (according to 3 percent of Americans), and ethics and morality (according to another 3 percent of those surveyed).

That’s about what I’d expect, sitting out here in flyover country. Nothing we’re hearing on the news (other than immigration, and that is slanted one way or another) really matters a damn to America and Americans. Here are the charts that Bre brought us.

And broken down by party:

 

In other words, not even 1% of us think its important, and yet, that is all the media and politicians (BIRM) have been bleating about for a week.

Well, Will Rogers wrote that

This country has gotten where it is in spite of politics, not by the aid of it. That we have carried as much political bunk as we have and still survived shows we are a super nation.

In any case, a good deal of what we are seeing is that the political, military, industrial complex that Eisenhower warned us about, needs an enemy. But it doesn’t want one too big, that it might end up in a real war, you know like China, and Montenegro is obviously too small, but Russia is the Goldilocks of enemies, everybody knows who it is, and it is just the right size, and besides it used to be a fearsome enemy, until we defeated it, and left so many experts without anything to expert about.

Will Rogers was an excellent observer, so why don’t we take a look at a few more of his observations, such as:

[A] comedian can only last till he either takes himself serious or his audience takes him serious

Seems very appropriate these days, doesn’t it?

Or:

No party is as bad as its state and national leaders.

Or even:

Be thankful we’re not getting all the government we’re paying for.

Words to live by, all of those observations.

Everyone Is Smart Except Trump

Dov Fischer put an article up at The American Spectator yesterday. It says some things that need saying. Let’s have a look.

Remember the four years when Anderson Cooper was President of the United States? And before that — when the entire Washington Post editorial staff jointly were elected to be President? Remember? Neither do I.

The Seedier Media never have negotiated life and death, not corporate life and death, and not human life and death. They think they know how to negotiate, but they do not know how. They go to a college, are told by peers that they are smart, get some good grades, proceed to a graduate degree in journalism, and get hired as analysts. Now they are experts, ready to take on Putin and the Iranian Ayatollahs at age 30.

That is not the road to expertise in tough dealing. The alternate road is that, along the way, maybe you get forced into some street fights. Sometimes the other guy wins, and sometimes you beat the intestines out of him. Then you deal with grown-ups as you mature, and you learn that people can be nasty, often after they smile and speak softly. You get cheated a few times, played. And you learn. Maybe you become an attorney litigating multi-million-dollar case matters. Say what you will about attorneys, but those years — not the years in law school, not the years drafting legal memoranda, but the years of meeting face-to-face and confronting opposing counsel — those years can teach a great deal. They can teach how to transition from sweet, gentle, diplomatic negotiating to tough negotiating. At some point, with enough tough-nosed experience, you figure out Trump’s “The Art of the Deal” yourself.

Trump’s voters get him because not only is he we, but we are he. We were not snowflaked-for-life by effete professors who themselves never had negotiated tough life-or-death serious deals. Instead we live in the real world, and we know how that works. Not based on social science theories, not based on “conceptual negotiating models.” But based on the people we have met over life and always will hate. That worst boss we ever had. The coworker who tried to sabotage us. We know the sons of bums whom we survived, the dastardly types who are out there, and we learned from those experiences how to deal with them. We won’t have John Kerry soothe us by having James Taylor sing “You’ve Got a Friend” carols.

Yep, you know it, I know it, everybody who ever worked for a living, as opposed to flapping their gums, knows it. Life is swimming upstream, in molasses, in January. It’s a place for tough guys and girls, who know how to fight for what they need, not for effete wankers who think only words matter. I’ve eaten my words on occasion, they were neither palatable nor nutritious, I prefer a USDA Prime Porterhouse although your mileage may vary.

NATO is our friend. They also rip off America. They have been ripping us off forever. We saved their butts — before there even was a NATO — in World War I. They messed up, and 116,456 Americans had to die to save their butts. Then they messed up again for the next two decades because West Europeans are effete and so obsessed with their class manners and their rules of savoir faireand their socialist welfare states and their early retirements that they did not have the character to stand up to Hitler in the 1930s. Peace in our time. So they messed up, and we had to save their butts again. And another 405,399 Americans died for them during World War II. And then we had to rebuild them! And we had to station our boys in Germany and all over their blood-stained continent. So, hey, we love those guys. We love NATO.

And yet they still rip us off. We pay 4% of our gigantic gross domestic product to protect them, and they will not pay a lousy 2% of their GDP towards their own defense. Is there a culture more penny-pinching-cheap-and-stingy than the fine constituents of the North Atlantic Treaty Organization? These cheap baseborn prigs will not pay their fare. They are too cheap. They expect America to send boys to die for them in one world war, then another — hundreds of thousands — and then to pay for their NATO defense even a century later.

And then they have the temerity to cheat us further in trade. Long before Trump, they set up tariffs against us for so many things. If the average American knew how badly Europe has been ripping us off for decades with their tariffs, no one in this country would buy anything European again. We would say, as a matter of self-respect and personal pride, “I no longer will buy anything but American, no matter what it costs.”

That too is obviously and ineradicably true. It is all simply beyond argument. And there is quite a lot more truth-telling in his article, so do follow the link above and read it.

Here’s the bottom line:

What has Anderson Cooper achieved during that period? Jim Acosta or the editorial staffs of the New York Times and Washington Post? They have not even found the courage and strength to stand up to the coworkers and celebrities within their orbits who abuse sexually or psychologically or emotionally. They have no accomplishments to compare to his. Just their effete opinions, all echoing each other, all echoing, echoing, echoing. They gave us eight years of Nobel Peace Laureate Obama negotiating with the ISIS JV team, calming the rise of the oceans, and healing the planet.

We will take Trump negotiating with Putin any day.

Theodore Roosevelt put it better than anyone back in 1910.

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

That’s you, that’s me, and that is Trump, and above all that is the America we love.

The Week

Well, we haven’t made the UK look all that good this week (from the US perspective) but that’s not completely fair. From Fox News.

Fox also says that this chant thundered through the crowd.

Oh Tommy Tommy, Tommy Tommy Tommy Tommy Robinson

As it should and should be cheered to the echo by Americans

I think a pint might be in order.

Even in England

John Hinderaker from PowerLine comments:

The New York Post says that protesters “by the tens of thousands” staged a “massive” demonstration against President Trump today. Perhaps so. But what you see in the photo is Parliament Square. If there were tens of thousands, they must have been somewhere else.

 

We don’t do kittehs here, but all rules have exceptions

From PowerLine and elsewhere

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