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by VWWHFSfQ 1520 days ago
Are you suggesting that USA's "entire economy" is premised upon whether the sanctions on Russia work or not? Russia effectively sold itself to China for.. what? The Donbas region? C'mon. This was all a massive miscalculation and the Russian people are going to be paying for it for _generations_.
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Yes - the USA's "entire economy" is premised upon the dollar's reserve currency status, which depends on countries needing dollars to trade in vital commodities like oil (which Russia has). The US' seizure of the dollar reserves of Russia, Afghanistan, and others have deeply compromised that status quo. The SWIFT sanctions have also created the conditions for new interbank transfer systems to develop outside of US control which don't depend on the dollar.