The US dollar and Treasuries have become weaponized in a way they had not before. They are now clearly not neutral assets worthy of forming the bedrock of the international financial system but political tools for Washington to coerce others.
pull down to refresh
related posts
I know of a neutral asset.
Those good old yap stones ;)
Wampum Belts are going to make a comeback because they exhibit real PoW with ... no strings attached.
https://m.stacker.news/40553
I dont want to sound ignorant, but I felt like russia could have cared less about the assets america seized.
It still kept going like a well oiled machine without americas involvement.
My guess is that they have been planning to become less dependent on the US for many years. That said, it is my understanding that Putin works for the oligarchs that rose to power after the fall of the USSR. I've also heard that many of their assets that were able to be seized were seized. I'm guessing there is some pain but no where near what US politicians claimed early on.
I have a feeling it is just toilet paper to them.
The author, Nick Giambruno, likes gold as a present and future investment
Will this cause change in the price of oil in the international market??
Yes, indeed! US is trying to boss everyone! Putin is trying to react,! The world is divided.
That seize of Russian assets will have massive implications for US dollars! It won't be so fast but come back here after 5 years and you'll see that the downfall of dollar domination would be severe than expected!