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Ray-SoCa's avatar

Some of the economic warfare is seizing of gold reserves, ships, threatening the Ruble, Switzerland abandoning their bank secrecy, threats to kick Russia out of SWIFT, are all going to have a huge longer term cost. And Taiwan said it would no longer sell chips to Russia.

Plus, financial sanctions, including Apple and Google pay not working, will have a huge backlash. Same as the censorship. Which country wants to be at the mercy of Cupertino, Menlo Park, San Francisco, and Mountain View Tech Giants?

China is taking notes on the US Economic Sanctions, will offer alternatives, and countries will require the ability for Apple and Google not to repeat this for payments within their country.

And India is figuring out how to purchase stuff from Russia, without using US Dollars.

The use of all the economic weapons above is going to re-order the world's finance system. Short term it's working, but longer term it's a HUGE lever to destroy the US Dollar as the world's reserve currency. The US and West is showing it can't be trusted.

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perle's avatar

Michael Goodwin writes in today's NY Post "In short, as awful as events in Ukraine are, they likely signal just the start of a new wave of hot-button confrontations. Our adversaries are determined to create a new world order, and our president is . . . Joe Biden. Heaven help us."

I am much more concerned about the New World Order being created by our present regime together with all the Western oligarchs.

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