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The USA Is Committing Suicide Part II
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• 03/23/22
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Gonzalo_Lira
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3 years ago
I agree as regards the importance of Russian commodities and the stupidity of the Biden administration, but can’t see the rouble becoming the world’s reserve currency.
Also you overestimate the importance of China. China is more of an assembly point for parts made all over the world and their cost of production has become high by global standards. Companies have been slowly moving production to lower cost countries for some time now and this will probably accelerate.
3 years ago
What a FANTASTIC analysis, Gonzalo
The part about the dollar being backed by oil..
Yeah, it's been staring at us the whole time, right in the face
I can see the STUPID Brandon admin trying to sanction people moving into the ruble
Unfortunately that's how wars start.. god help us.