Replies

[Jackasses will blame BRICS, but the dollar isn’t a safe haven anymore. It once was “almighty,” until we weaponized and devalued it with outrageous spending on warmaking and socialism.]

Sure it is. The dollar is unmatched for liquidity and market depth, courtesy of the US economy being the largest by 50%, and the most open, by far, of the big ones. People use the dollar not because it’s a protection racket or because they like Americans, but because it carries the least risk and the lowest transaction costs.

Asset freezes are normal in special circumstances. The US literally stole German assets in WW1 and WW2 for war financing. Not just money and real property. Patents, trademarks*, licenses - all were stolen. Germany, of course, did the same to US assets there.

* The Bayer trademark reverted to its German parent 70 years after being seized, in the US, by the government. It had to be bought back from its US owner.

Sure it is.

Yeah, suuuuuuure it is. That's why it's devaluing so quickly and investors - entire nations - are looking for alternatives, and finding them as we speak.

What you call normal "asset freezes," the investor/victims call "theft." Eastern nations or anyone imagining their nation getting on some rash-thinking POTUS' s**t-list won't want any part of it. They're walking away right NOW - while you're telling us it won't happen.

And over an insignificant trash heap - Ukraine - nothing nearly as significant as WWII. Unlike WWII we lost.

Also service people and retailers don't want dollars - why should global investors?