“There’s an infinite amount of cash at the Federal Reserve”
Neel Kashkari, Minneapolis Federal Reserve
Seriously some writer said that Russia chose 2022 to initiate the war for, among many reasons, the European Central Bank and the Federal Reserve (that is, the United States) were indebted at WWII levels and could not sustain a large war.
He was probably right.
Should Biden be reelected you can bet China will make its move, the United States will respond by going further into debt, and then will come the end of the dollar as the world’s reserve currency.
When that happens it won’t be like post war Britain where everyone was poor but civilized, it will be hell on earth when the gimmedats don’t get what they want.
Russian rates are 16% and the ruble is down 40% and still sinking.
The US is $200,000,000,000,000 debt/unfunded obligations and is borrowing at 4.5%.
Who can’t afford what?
The proximate cause of the invasion in 2014 and 2022 was the doubling of the price of oil in 2013 and 2021.