Screw Russia. Putin says he’s at war with us so let’s start respecting his opinion.
Oh look, the pro-Putin bots are posting far-left socialist economists on FR now. They must be worried.
we should have already seized all Russian assets!
We should give the assets back to Russia (after Putin).
Even if, especially if, Putin was a closet commie Soviet then it would make sense to back off. I wasn't a big fan of MAD, but it does seem to have kept us from nuclear destruction.
We didn't help Hungary during their uprising. We didn't help the Czechs after the Prague Spring was crushed. In both cases I believe it was because we didn't want the Cold War to turn Hot. Why would we believe that what we're doing in Ukraine isn't going to result in much of the Earth getting extremely hot?
The ZEEPERS who pollute the boards here with their never-ending jihad to drain American taxpayers to support the continuous slaughter in Ukraine are EXTREMELY SHORTSIGHTED. Actions being taken or considered by Biden’s puppet masters and the globalist neocons are weakening America and, if continued, strongly risk destruction of the American dollar as THE WORLD’S RESERVE CURRENCY. FOOLS!
Which is precisely why China is directing their sock puppet Biden to do this.
My mother said “if I didn’t have something nice to say, say nothing at all.” But this must be said. We’re our own worst enemies here on Free Republic . This is why this country is in the shape it’s in. I want to blame Democrats but when you have this infighting, I wonder.
It’s interesting that Jeffrey Sachs has changed his tune in recent years. He used to be part of the establishment now he criticizes it. But he’s definitely right here because if we seize Russian assets then the Saudis and everyone else who buys US Treasury Bonds will start to park their assets elsewhere.
IN which case, it greatly increases the chances of them doing it.
The stupider and more destructive something is for this country, the more likely our government is likely to do it.
Ukraine ping
In the 90s, Jeff Sachs was a shill for Russian Communist officials who urged that Russian government assets be quickly and sloppily privatized in a way that put those assets in the personal pockets of these men. Now he’s shilling for Putin, one of the victors of that process. He’s obviously a creature of habit, and possibly on their payroll.
The US seized Iraq’s assets to pay Kuwait reparations. It seized Germany’s US assets for itself in WW1 and WW2. I used to think Jeff Sachs was wrong because he was locked into his left-wing nostrums by habit. Now I think he’s just lazy.
There’s a strain of thought among leftists that the US was a backwater, continental-scale hick town before WW2. Then WW2 ended, and the US became the #1 economy by pointing a gun at the world’s head. In reality, however, it was already the #1 economy in 1900, when the British pound was the world reserve currency.
Reserve currency status is a burden. This is why the US made no effort to make the dollar a major reserve currency until the collapse of British finances after WW2 made it necessary. It needed to grease the wheels of international commerce so as to help the war-wrecked economies of the world recover. The alternative to economic resuscitation was Russian-equipped and -organized revolutions everywhere that made the US strategic situation a lot more dangerous.
The big downside to reserve currency status is running trade deficits. This is why Switzerland charges instead of pays interest to foreign institutions that park large sums in its currency.
Wake up you slumbering people who are tuned into fantasy, & ignoring reality. Elections have consequences, & stolen elections have catastrophic consequences.
This administration is pure evil, full of evil intentions.
Another ping to you Uncle Lonny.
I thought BRICS was going take over as the world’s reserve currency.
Sachs is spouting nonsense.
“Why would any Republicans want to...save Biden”
Biden is the best candidate to oppose President Trump. (Aside from VP Kalamala Harris).
Note the honorarium, “President” Trump.