But in the long term big players are seeing how sanctions and banks and reliance on the USD may be used against them, as it has been done with russia and individuals on the conservative political side.They will start looking for alternatives.
Now that Putin called our bluff, a) USA forces Russia to accept payment b) USA sanctions Russia further into a negative feedback loop. C) USA lets it ride
For all of the above, we get fucked. This is the start of asset denominated currencies and the end of the usd.
>But in the long term big players are seeing how sanctions and banks and reliance on the USD may be used against them, as it has been done with russia and individuals on the conservative political side.**They will start looking for alternatives.**
Now that Putin called our bluff,
a) USA forces Russia to accept payment
b) USA sanctions Russia further into a negative feedback loop.
C) USA lets it ride
For all of the above, we get fucked. This is the start of asset denominated currencies and the end of the usd.
(post is archived)