Ahem...
Posted on 03/23/2022 10:06:05 PM PDT by Zhang Fei
After the 1997 Financial Crisis, Asian countries accumulated reserves in order to prevent currency manipulation from being used against them.
https://en.wikipedia.org/wiki/1997_Asian_financial_crisis#Outside_Asia
The freezing of Russian Central Bank dollar reserves by the US now clearly jeopardizes this strategy.
Every country that values independence will diversify reserves away from the dollar.
If we cut back on purchases from our enemies I would think that would have an effect. It’s coming. No more chinese stuff for me. And we don’t need russian oil. We’ve got plenty.
Soviets were different because of one key distinction: They came from 15 “republics”, while what we deal with now is “Russia proper”. Stalin’s homeland is now the independent country of Georgia; Brezhnez’s birthplace is in Ukraine today.
Ahem...
A certain section of the US military may have an excess of woke thinking (eg the ad with the ‘two moms’), but the fact still remains that the American fighting machine is the most dangerous military force in human history. If Ukraine is giving Russia issues imagine what the American military could do?
Without nuclear weapons Russia is not the threat it was thought to be. Sure, they will turn the cities in eastern Ukraine to rubble with artillery, and they have some interesting cruise and anti-ship missiles (the latter not doing anything in this conflict), but they really cannot be measured anywhere close to the US.
Emma (of the two moms) is part of a military that will still whoop the backsides of Russia before going home for a cafe latte with organic goat milk cream.
the Russians did use the Bastian-P in a land attack role.
The dollar’s status as reserve currency isn’t just due to the petrodollar. Neither one is going anywhere.
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