The USA is digging its own grave. After having forced
the Russians to form an alliance with China, it is forcing Iran and
other Middle East countries to do the same thing. Africa is not theirs
to dictate to anymore. So are the South Americans. Now they are making
the Middle East Muslim countries take a stand.
BRICS is not
doing any military confrontation with the USA. It is an economic
alliance, with de-dollarization its main objective. BRICS is not out to
destroy the US$ as they claimed, as the US$ is too integrated in its
Global reach, but to marginalize it and have an alternative for global
trade. And most importantly to counter its weaponization usage, that is
getting more ridiculous and outlandish.
The USA and the West have
been talking for a long time about confiscating Russian assets in
Western banks. The consequences of doing that is immense and they have
not done so for fear of the backlash. Russia is not without any means to
retaliate against that move. Western assets inside Russia are said to
be as much as US$290 billion, which Russia can also seize. That will
cause a massive outcry by Western parties having such assets seized by
Russia. And Western Governments have a lot to answer for that.
Such
a move against Russian assets is bound to also influence Global
investments in its treasuries and bonds. Who would want to invest in
such assets knowing they can be seized at the whims and fancies of the
USA? It is suicidal to make such a move.
Similarly, Western
assets in China are also immense and can be an insurance for China in
case things gets out of hand. The global economy is so intertwined that
what one party can take advantage of, the other side too can do the
same. Alls fair in love and war, or so they say.
Anonymous
5 comments:
Seizing a Sovereign Country's assets is daylight robbery. Zelensky is urging the West on. Of course he is going to be the beneficiary after all. So, why is the West hesitating? They know the consequences of doing it.
The day that the USA and the West announce the official seizure of the US$300 billion from Russia, that is going to collapse the US$ hegemony. Countries with assets in USA and the West will run for cover. They will dump their treasuries and bonds, sell off USA and European assets. But where will they run to?
And again, it is going to be a blessing in disguise for China. Why do they keep blaming China for benefiting the most out of the Ukraine War? Is that fair? If China does benefit again from the consequence of the seizure of Russian assets, should China be blamed again?
Oh, lest I forget, Russia and China are the perennial scapegoat for any misfortune befalling the USA and this will be another example if it happens. The USA blames everyone for its policy failures and mistakes, never bothering to look at itself.
Not to forget that countries and Governments are buying and hoarding gold and maybe silver. And they are not keeping them in Fort Knox or other Western facilities, which can be seized just like any other assets. What is safer than keeping them in their own vaults?
US Treasuries are no longer that safe, but they offer better returns. But of what use if they can be seized by the USA authorities if they turn crazy enough and are desperate. Better be safe than sorry is a good advice.
Yellen and Blinken and even that Oaf Dumb Scholl went to China to beg for alms and buy their Bananas Treasuries and Bonds.
If they dared rob Russia's Assets and Treasuries all the World will at the same let go off their balance ortang by the Americunts.
Then the Americunts have to be laundry men and cooks to the coloured peoples.
So Bidamn can be damn but NOT so dumb.
https://www.straitstimes.com/world/trump-hush-money-trial-kicks-off-with-opening-statements-in-new-york
Thats their damn BS DemoCrazy where their own even convicted in Courts of their past and present crimes could stand for Errections (elections) to screw their own.
Yet, so many imbecile countries followed their systems and yet they wanted to demonise China's own style of Government.
If they are stupid enough to consficate the frozen Russian sovereign assets, then the entire world would dump the US Dollar & US Treasuries.
Nobody knows if they will be the next victim.
This alone will hasten the demise of USD.
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