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.
Yes! The Fed could always print enough money (worthless after a certain point) to pay back the foreign loans. The other countries wouldn't be happy about being paid in the equivalent of Weimar Republic dollars, but legally the debt could be paid. Of course, by that time, the worthless dollars would mean ruin for everyone BUT the FED/Banks, but they wouldn't be concerned with that.