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re: Putin’s Invasion Had the Opposite Intended Effect - Russia Now Surrounded by NATO
Posted on 2/27/24 at 8:19 am to Draconian Sanctions
Posted on 2/27/24 at 8:19 am to Draconian Sanctions
quote:
Without a viable alternative the dollar isn’t going anywhere as a reserve currency.
I realize this is likely for the foreseeable future. That still doesn’t change the fact that the us swift sanctions were ill advised. Why should China or say even Saudi hold their reserves in western systems if they can be “frozen” if they step out of line with the us led agenda? That is forcing everyone else to at least think of alternatives. What’s more valuable to the world - the Russian reserves or the paper dollars? We will find this out some time in the future and I have an idea which one wins.
1
Posted on 2/27/24 at 8:22 am to TigerDog83
I’m not going to argue with you. In fairness I think it’s tough when you’re trying to respond in a way that’s meaningful, not just for a Russian but what China sees as meaningful as well. We can debate CIA actions in Eastern Europe, and I would probably agree with you, but there’s no doubt control of Taiwan and the South China Sea are significantly for our economy.
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