BeachMilk: Putin is absolutely correct!
🗣️ DI$CU$$ION 💬
Biden’s action of banning Russia from trading in the world’s Reserve Currency (ie the US dollar) has sent shockwaves throughout the world, and significantly eroded trust in the dollar, because other countries now know this could happen to them also.
If the US fails to retain reserve currency status, the USA is finished because that status is the only thing preventing the US from being crushed under the weight of their enormous debt.
Exactly… and if gold back returns, the 30 trillion in debt (probably more like 90trillion) goes poof overnight. The banks are stuck with is and We will be debt free once again.
This is what I was meaning to say, only it's more concise and punchy. Upvoted!
You are absolutely right. And Cyprus exercised exactly this in 2008, when the banks in trouble seized parts of the people's money. Everybody should be aware of this.
But, but, you get stock in the broke-dick bank that just stole your money. Sounds fair, eh!
Don't forget also Trump said he would get China to cough up another 10 trillion in reparations for covid.
Although with the recent revelations from Ukraine I wonder if that changes anything as far as who is to blame.