Russian Sanctions― Cutting Off One’s Nose To Spite One’s Face
By: Christopher Maffei
Gita Gopinath of the IMF― “Sanctions imposed by Western countries against Russia could lead to fragmentation of the global financial system and dilute the US dollar’s dominance” and that ” radical restrictive measures imposed by Western countries; after the launch of Russian special operation in Ukraine. Would contribute to the emergence of small currency blocs based on trade between certain groups of states.”
If there is one thing we can count on is the utter stupidity of the dumbshits in Washington. In fact, the end of dollar hegemony should be welcomed with open arms and celebrated as if this was the end of the Empire and Darth Vader was on the pyre. We should be thankful for just about everything the fools in the District of Columbia do is a failure. Honestly, if there was any kind of a semblance of competence in Washington― we would never get out from the bone-crushing and suffocating yoke of the US Empire.
Just thinking about an alternative payment system other than SWIFT is like Shangri-La! Or just imagine a gold-backed ruble– that is competing with the American dollar?
Quite honestly, I never thought we would ever get out from under the debilitating paralysis of the US money system― ever.
But it looks as if we have reached the threshold regardless: