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To: BusterDog
Steve Bannon says this will result in the USD no longer being the world's reserve currency...

Because? What is his rationale?

8 posted on 02/26/2022 8:16:35 AM PST by politicket
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To: politicket

“Because? What is his rationale?”

****

I haven’t heard him go into detail on it, but I haven’t heard all minutes. I assume it’s because an alternative to Swift will have to be used, that is based on some other currency.


14 posted on 02/26/2022 8:20:21 AM PST by BusterDog
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To: politicket

Blocking Putin out of all financial systems would seem to boost US importance, if not our currency,..... but I know nothing about international finance.


17 posted on 02/26/2022 8:22:36 AM PST by chiller (Davey Crockett said: "Be sure you're right. Then go ahead'. I'm going ahead.)
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To: politicket; BusterDog
Steve Bannon says this will result in the USD no longer being the world's reserve currency...

politicket: Because? What is his rationale?

Because, when you exclude a country like Russia, with the GDP of the Great State of TEXAS, from the international payment transactions system, that cripples the World economy!

/mordant sarcasm

Regards,

18 posted on 02/26/2022 8:22:54 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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