With fresh Ukraine bills blocked, Europe moves to seize $300 billion from the Russian Central Bank and hand it to Kiev for weapons. If this goes through, it could further threaten faith in the Western financial system. And it could accelerate the flight from the dollar — and the euro — towards hard assets from gold to physical resources. There was a time the US and Europe understood the value of keeping their currency secure. Those days are gone.
With fresh Ukraine bills blocked, Europe moves to seize $300 billion from the Russian Central Bank and hand it to Kiev for weapons.
If this goes through, it could further threaten faith in the Western financial system.
And it could accelerate the flight from the dollar — and… pic.twitter.com/hsSqkOJNhI
— Peter St Onge, Ph.D. (@profstonge) March 21, 2024
- So, legit curiosity: Is it foresight of the impending consequences that’s moving Blackrock et al to gobble up Bitcoin? I could imagine that being the case, but I’m nowhere near financially literate enough to draw an actual conclusion. Their swing to pro-BTC seems odd to me.
- How empires die – by playing games w/ their currency; this will only accelerate the dollar’s decline and enrich corrupt oligarchs in the Ukraine… EJ Antoni
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