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.
In a sound monetary system, debt can be repaid and/or collected via some other means.
However, the system we have today is far from sound, it’s entirely made up. There is no ‘paying back’ as the US is the reserve currency, due to it’s use as the currency to buy Oil, and enforced by the most powerful military.
We are WAY past our ability to balance the books at this point.