As I’ve said in a previous post, this truly is a paradigm shift that few are really talking about. When we seized Russia’s assets the whole world woke up to the bully USA. Previously, the US was a safe financial haven in large measure because you could bank on the fact that the was a trustworthy moral agent. Biden and the Democrats have destroyed that by confiscating/stealing Russia’s wealth.
Yes, I understand Russia invaded Ukraine but prior to that the sovereign financial were secure and untouchable.
Yes, I understand we “secured” the assets of Iran, but it was always understood and publicly stated that the assets remained Iran’s. And, of course ultimately Obama sent it back in plane loads of tens and twenties.
Since the seizure of Russian assets BRICS took off in earnest and most of the world is actively repatriating their gold and deleveraging from us. I really don’t think people are grasping what Biden has done here.
There have been a lot of people outside the United States who have said exactly what you are saying.
We’ve used the financial system as a weapon not only on Russia but little African countries like Uganda. In Uganda’s case it was for not bending the knee to the rainbow mafia.
Yes people in the rest of the world are noticing, our media just doesn’t talk about it.
Just lthis week China dumped a record $53 billion of US Treasuries. Slowly, then suddenly our reserve currency status will become negligible. Our currency reserve status will probably not be totally eliminated, but it will certainly become weak tea to what we have known and our national standard of living will be significantly reduced.