Posted on 03/18/2023 8:40:49 PM PDT by RomanSoldier19
Everywhere you turn there’s chatter about the ongoing US economic sanctions against Russia. The Russian Central Bank, Russian banks, Russian companies, Russian oligarchs — and anyone caught helping them — have seen their fortunes entangled since Moscow invaded Ukraine just over a year ago.
From Davos to Aspen, American Treasury officials tout the unprecedented scale and scope of this powerful economic weapon.
And why not? The effort has been impressive. The US government task forces have beached scores of yachts, grounded planes, blocked hundreds of millions of dollars of central bank assets and cut Russian financial institutions off from the global SWIFT financial system.
Sanctions are an ancient game: in 432 B.C., Athens crushed its rival — Megara — by banning their traders from Athenian marketplaces.
But more than 100 countries haven’t signed on to those efforts. Which is why oil from the Urals still flows to Asia,Turkey and most of Africa, while grain stolen from Ukraine is winding up across the Black Sea in Russia.
(Excerpt) Read more at nypost.com ...
because the printing of money won’t stop
The media is fast at creating “DOUBT” where it can keep the people unsteady. It is one of the top tricks used by the enemy of mens souls. Make people ‘feel’ and think with uncertainty.
Sentence from the article:
This isn’t to say that we shouldn’t support Ukraine: we should — and we must.
The US debt is 110 percent of GDP, and rapidly rising. Russian national debt is 17 percent of GDP and decreasing.
Whose currency would you rather trade in ( own) ?
Bkmk
Why would a foreign nation want dollar reserves when they can be turned to 0 value at any time? Only fools would do that.
It’s much higher than that. It’s currently 124% and headed to 150% this decade and ascending higher after that. If you add in liabilities, it’s near 800 percent. No nation has every succeeded with debt levels like this.
As long as we allow Democrats to run rough shod over our freedoms we are screwed.
“Whose currency would you rather trade in ( own) ?”
I am not aware of many Americans who have converted their savings, 401k’s, value of their home and all other investments into Russian rubles.
However, that opportunity does exist.
This isn’t to say that we shouldn’t support Ukraine: we should — and we must.
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Yeah right, so we can go down the toilet like Ukraine. We have no strategic interest there. I learned in swimming school do NOT get close to a panicked drowning victim, he will latch on and bring you down- exactly what is occurring.
That is a silly graph. Most of the populatio in those countries is far below the poverty level. Its a graph of population not real GDP. India is the only BRICS country that is not melting down now.
Anyone who understands the EuroDollar will know that the US Dollar isn't going anywhere - and will be strengthening as we sink further into global economic deflation.
Little thought - just bad analogies.
One thing we are at risk of is oil being no longer traded in the dollar. We are already seeing bits of that happening due to our sanctions and restrictions on Russian oil. Once it becomes more widespread, you will see the value of the dollar drop rapidly.
With Biden and his handlers at the helm, America is not the power-house it once was. Other nations mock him openly. Financial deals are now made without any input from the U.S. It’s all deliberate due to the selling out of our nation by Biden, et al.
(My goodness, even with the friction at times between Russia and Reagan, can you imagine Russia using a picture of Reagan in bill-board advertisements for homes for dementia patients as they now do with Biden?)
“That is a silly graph. Most of the populatio in those countries is far below the poverty level. Its a graph of population not real GDP. India is the only BRICS country that is not melting down now.”
Yes, but it would be a hoot to see people cashing in their entire new worth in dollars and buying Russian rubles, Brazilian reals and South African rands.
Yeah, youngsters. Kids. Checking the date I signed up on FR I can hardly believe
I have been dropping in/out since Sep 2002…..
I will add I remember history being made when Nixon went to China in 1972……
Monday China’s President Xi is making history by traveling to Moscow to meet with Putin, the US is becoming irrelevant, very, very irrelevant.
Note: the US turned down China’s Ukrainian Peace plan AND Xi is traveling to see Putin, Putin is not traveling to China to see Xi…..a disaster for the irrelevant US…..war cheerleaders, think about that, hard.
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