U.S. sanctions hurt allies, NVIDIA lost markets, and Modi’s downgrade spiked Treasury yields to 5.15%, hinting at a financial crisis.

Nima Rostami Alkhorshid:

1. What is the U.S. strategy regarding sanctions against Russia, and why are some people pushing for more of them?

2. How have U.S. sanctions affected American companies like NVIDIA?

3. What impact has Modi’s downgrade of U.S. Treasury securities had on interest rates?

Michael Hudson:

1. The sanctions are not just against Russia but also affect Europe and American allies by forcing them to buy more expensive goods and creating economic strain.

2. Sanctions have hurt American producers like NVIDIA, which lost access to the Chinese and Russian markets, leading to reduced investment in research and relocation of offices to Asia.

3. The downgrade caused a panic, leading to historically high yields on U.S. Treasury bonds, reaching 5.15% for 30-year bonds, signaling a financial crisis.