China is an even likelier winner than NATO. Saudi Arabia has started to accept payment for its oil in Chinese RMB. India has made a deal to pay for Russian oil in Rupees AND bypass SWIFT. And Russia is now requiring payment of its gas in Rubbles. Could this be the beginning of the end for the USD as the international reserve currency???
Knowing that Sovereign Central Bank USD and Euros can now be seized, which countries will want to continue holding these currencies???
Western sanctions on Russia will blow back on us as INFLATION, which was already a problem due to supply chain problems arising from the pandemic. I fear a global recession is on the horizon.
The EU will be preoccupied with millions of Ukrainian refugees, the economic fallout from their sanctions, and wasting resources on building up their militaries.
And the US could be forced to pause their 'Pivot to Asia' and reallocate their military back to Europe--another bonus for China on top of discounted Russian energy.
NATO is even a likelier winner than the EU!
China is an even likelier winner than NATO. Saudi Arabia has started to accept payment for its oil in Chinese RMB. India has made a deal to pay for Russian oil in Rupees AND bypass SWIFT. And Russia is now requiring payment of its gas in Rubbles. Could this be the beginning of the end for the USD as the international reserve currency???
Knowing that Sovereign Central Bank USD and Euros can now be seized, which countries will want to continue holding these currencies???
Western sanctions on Russia will blow back on us as INFLATION, which was already a problem due to supply chain problems arising from the pandemic. I fear a global recession is on the horizon.
The EU will be preoccupied with millions of Ukrainian refugees, the economic fallout from their sanctions, and wasting resources on building up their militaries.
And the US could be forced to pause their 'Pivot to Asia' and reallocate their military back to Europe--another bonus for China on top of discounted Russian energy.