| ▲ | toomuchtodo 3 days ago | |
The US sold trust, and it burned it all up for someone's ego. Unfortunate. | ||
| ▲ | testrun 3 days ago | parent | next [-] | |
This is the crux of the problem. The value of US treasuries and the USD is based on the trust of the world in the US. Now, who knows what will happen to the USD. Will have to wait and see. | ||
| ▲ | freefrog334433 2 days ago | parent | prev [-] | |
Freezing Russian assets was the beginning. Sanctions against Russia backfired, cutting them off from SWIFT encouraged alternatives as did Lloyd's of London refusing to insure Russian ships. All it did was make the non-NATO world develop alternatives. | ||