Jeffrey Sachs on Nord Stream Explosions: ‘I Would Bet It Was a U.S. Action’

ABRAMOWICZ And Professor Sachs ░░░░░░░░ share the concern And ░░░░░░░░ ll be honest I ░░░░░░░░ the weekend also reading ░░░░░░░░ about the U S ░░░░░░░░ up with counterattacks and ░░░░░░░░ of what they would ░░░░░░░░ in response to some ░░░░░░░░ these attacks It s ░░░░░░░░ a big concern It ░░░░░░░░ also an issue as ░░░░░░░░ see this sea change ░░░░░░░░ the economic trajectory in ░░░░░░░░ and beyond And some ░░░░░░░░ this does come from ░░░░░░░░ energy crisis But suddenly ░░░░░░░░ re talking about inflation ░░░░░░░░ we have not seen ░░░░░░░░ World War II since ░░░░░░░░ another time of incredible ░░░░░░░░ military intervention How close ░░░░░░░░ we to some sort ░░░░░░░░ I don t want ░░░░░░░░ say hyperinflation but persistent ░░░░░░░░ impulse well above target ░░░░░░░░ Germany in the Euro ░░░░░░░░ as they look to ░░░░░░░░ alternative ways to suppress ░░░░░░░░ peripheral region from getting ░░░░░░░░ of control as they ░░░░░░░░ rates in the front ░░░░░░░░ SACHS Well Europe is ░░░░░░░░ a very very sharp ░░░░░░░░ downturn The sharp decline ░░░░░░░░ output in living standards ░░░░░░░░ shows up as a ░░░░░░░░ of prices But the ░░░░░░░░ fact is that the ░░░░░░░░ economy is getting hammered ░░░░░░░░ this by the sudden ░░░░░░░░ off of energy And ░░░░░░░░ to make it definitive ░░░░░░░░ destruction of the Nord ░░░░░░░░ pipeline which I would ░░░░░░░░ was a U S ░░░░░░░░ perhaps U S and ░░░░░░░░ KEENE Jeff Jeff we ░░░░░░░░ to stop there That ░░░░░░░░ that s quite a ░░░░░░░░ as well SACHS Absolutely ░░░░░░░░ Why do you feel ░░░░░░░░ that was a U ░░░░░░░░ action What evidence do ░░░░░░░░ have of that SACHS ░░░░░░░░ first of all there ░░░░░░░░ direct radar evidence that ░░░░░░░░ S helicopters military helicopters ░░░░░░░░ are normally based in ░░░░░░░░ were circling over this ░░░░░░░░ We also had the ░░░░░░░░ from the United States ░░░░░░░░ in this year that ░░░░░░░░ way or another we ░░░░░░░░ going to end Nord ░░░░░░░░ We also have a ░░░░░░░░ statement by Secretary Blinken ░░░░░░░░ Friday in a press ░░░░░░░░ he says This is ░░░░░░░░ a tremendous opportunity It ░░░░░░░░ a strange way sorry ░░░░░░░░ s a strange way ░░░░░░░░ talk if you re ░░░░░░░░ about the piracy on ░░░░░░░░ infrastructure of vital significance ░░░░░░░░ Professor SACHS So I ░░░░░░░░ this runs counter to ░░░░░░░░ narrative you re not ░░░░░░░░ to say these things ░░░░░░░░ the West but the ░░░░░░░░ of the matter is ░░░░░░░░ over the world when ░░░░░░░░ talk to people they ░░░░░░░░ the U S did ░░░░░░░░ ABRAMOWICZ Okay Professor SACHS ░░░░░░░░ just to tell you ░░░░░░░░ by the way even ░░░░░░░░ on our papers that ░░░░░░░░ involved tell me privately ░░░░░░░░ well of course but ░░░░░░░░ doesn t show up ░░░░░░░░ our media ABRAMOWICZ Professor ░░░░░░░░ don t want to ░░░░░░░░ into tit for tat ░░░░░░░░ what did or did ░░░░░░░░ happen with Nord Stream ░░░░░░░░ I don t have ░░░░░░░░ evidence and we don ░░░░░░░░ have a counterbalance to ░░░░░░░░