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🚨"Attention Pirates!" Putin: I've already said sanctions and blocking, in essence, the theft of Russia's international reserves have irreversibly affected the position of the world currencies—the dollar and the euro. Now all countries, I want to stress this, all without exception, just like Russia, they can lose access at... show more

Ignorance, the root and stem of all evil

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Vladimir Putin: ‘Sanctions and the theft of Russia’s🇷🇺 international reserves has had an IRREVERSIBLE effect on the positions of the world currencies, namely the US dollar and euro. Right now all countries, without exception, just as Russia, can lose access to their legitimate assets denominated in dollars or euros. They can also lose access to the Western financial and payment infrastructure. We understand this is all about unfair competition.’

Vladimir Putin: ‘Sanctions and the theft of Russia’s🇷🇺 international reserves has had an IRREVERSIBLE effect on the positions of the world currencies, namely the US dollar and euro. Right now all countries, without exception, just as Russia, can lose access to their legitimate assets denominated in dollars or euros. They can also lose access to the Western financial and payment infrastructure. We understand this is all about unfair competition.’

Afshin Rattansi

15,954 views • 2 months ago

Putin claims that any country could, like Russia, lose access “at any moment” to assets held in dollars and euros and pretexts can always be found, “it could even be about attitudes toward the LGBT community.“ He said sanctions and the blocking of Russia’s international reserves, which he described as “in effect, theft,” have “irreversibly” affected the position of the dollar and euro as global currencies. “This is simply an obvious fact,” Putin said.

Putin claims that any country could, like Russia, lose access “at any moment” to assets held in dollars and euros and pretexts can always be found, “it could even be about attitudes toward the LGBT community.“ He said sanctions and the blocking of Russia’s international reserves, which he described as “in effect, theft,” have “irreversibly” affected the position of the dollar and euro as global currencies. “This is simply an obvious fact,” Putin said.

Brian McDonald

71,102 views • 3 months ago

🚨 Putin Has CONFIRMED A New Payment Infrastructure With BRICS Using Blockchain Technology At the International Economic Forum, Putin dropped this absolute BOMBSHELL: “Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure.” Russia is now FULL SPEED AHEAD on BRICS blockchain adoption while Putin (echoing their Foreign Minister) just admitted the quiet part out loud: “We were NEVER against the U.S. trade or dollar… but sanctions & SWIFT system got weaponized like a financial nuke against ANYONE they don’t like.” Translation? They still want to trade with America… BUT only through a neutral, decentralized currency that NO ONE can freeze, sanction, or control. Interestingly, India is leading the BRICS Pay initiative where they have confirmed pilots with Ripple for cross-border payments👀

🚨 Putin Has CONFIRMED A New Payment Infrastructure With BRICS Using Blockchain Technology At the International Economic Forum, Putin dropped this absolute BOMBSHELL: “Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure.” Russia is now FULL SPEED AHEAD on BRICS blockchain adoption while Putin (echoing their Foreign Minister) just admitted the quiet part out loud: “We were NEVER against the U.S. trade or dollar… but sanctions & SWIFT system got weaponized like a financial nuke against ANYONE they don’t like.” Translation? They still want to trade with America… BUT only through a neutral, decentralized currency that NO ONE can freeze, sanction, or control. Interestingly, India is leading the BRICS Pay initiative where they have confirmed pilots with Ripple for cross-border payments👀

Pumpius

89,154 views • 1 month ago

🚨🇷🇺 Putin Has CONFIRMED A New Payment Infrastructure With BRICS Using Blockchain To Ditch The Dollar At the International Economic Forum, Putin dropped this absolute BOMBSHELL: “Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure. The Western Financial System is clearly out of date and the monopoly will no longer continue as we plan to use international payments using advanced blockchain solutions.” Russia is now FULL SPEED AHEAD on BRICS blockchain adoption while Putin (echoing their Foreign Minister) just admitted the quiet part out loud: “We were NEVER against the U.S. trade or dollar… but sanctions & SWIFT system got weaponized like a financial nuke against ANYONE they don’t like.” Translation? They still want to trade with America… BUT only through a neutral, decentralized currency system that NO ONE can freeze, sanction, or control. But it gets WORSE for Dollar Dominance… China has been SECRETLY BUYING GOLD for 20 consecutive months straight, stacking the physical metal like there’s no tomorrow to back the coming PETROYUAN and a gold-anchored BRICS settlement system that NO central bank, no sanctions, and no Washington can touch or freeze!! When Russia, which had always been anti-crypto, talks about blockchain technology to build a new payments system away from the Dollar…. The Senate needs to get a grip on their politics and pass the Clarity Act before they’re left behind.

🚨🇷🇺 Putin Has CONFIRMED A New Payment Infrastructure With BRICS Using Blockchain To Ditch The Dollar At the International Economic Forum, Putin dropped this absolute BOMBSHELL: “Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure. The Western Financial System is clearly out of date and the monopoly will no longer continue as we plan to use international payments using advanced blockchain solutions.” Russia is now FULL SPEED AHEAD on BRICS blockchain adoption while Putin (echoing their Foreign Minister) just admitted the quiet part out loud: “We were NEVER against the U.S. trade or dollar… but sanctions & SWIFT system got weaponized like a financial nuke against ANYONE they don’t like.” Translation? They still want to trade with America… BUT only through a neutral, decentralized currency system that NO ONE can freeze, sanction, or control. But it gets WORSE for Dollar Dominance… China has been SECRETLY BUYING GOLD for 20 consecutive months straight, stacking the physical metal like there’s no tomorrow to back the coming PETROYUAN and a gold-anchored BRICS settlement system that NO central bank, no sanctions, and no Washington can touch or freeze!! When Russia, which had always been anti-crypto, talks about blockchain technology to build a new payments system away from the Dollar…. The Senate needs to get a grip on their politics and pass the Clarity Act before they’re left behind.

Stern Drew

626,772 views • 1 month ago

🔥 Putin just made a bombshell speech at SPIEF, detailing Russia's vision for BRICS and multipolar world order 🔸 Sovereignty: race for sovereignty accelerates; it determines world economic positions and leadership 🔸Sanctions: Western sanctions and theft of Russian reserves destroy trust in dollar and euro forever; any country can lose legal assets in dollars or euros at any moment for any reason 🔸New financial architecture: West lost interest in the rules of trade as soon as it started losing; the world needs flexible financial system without sanctions risks and with incentives for sovereign development 🔸True sovereignty means smarter resource management and more effective technological investment 🔸 Digital sovereignty: Nations face historic choice – build own platforms or become digital periphery; foreign digital services seem convenient but create dangerous country dependence later 🔸Multipolar transformation: new centers of power want to independently shape their development pats; the world undergoes largest structural shift from Western-centric to multipolar model 🔸Rise of BRICS: BRICS share in world GDP hits 40% while G7 below 29%; BRICS' leadership will continue to grow

🔥 Putin just made a bombshell speech at SPIEF, detailing Russia's vision for BRICS and multipolar world order 🔸 Sovereignty: race for sovereignty accelerates; it determines world economic positions and leadership 🔸Sanctions: Western sanctions and theft of Russian reserves destroy trust in dollar and euro forever; any country can lose legal assets in dollars or euros at any moment for any reason 🔸New financial architecture: West lost interest in the rules of trade as soon as it started losing; the world needs flexible financial system without sanctions risks and with incentives for sovereign development 🔸True sovereignty means smarter resource management and more effective technological investment 🔸 Digital sovereignty: Nations face historic choice – build own platforms or become digital periphery; foreign digital services seem convenient but create dangerous country dependence later 🔸Multipolar transformation: new centers of power want to independently shape their development pats; the world undergoes largest structural shift from Western-centric to multipolar model 🔸Rise of BRICS: BRICS share in world GDP hits 40% while G7 below 29%; BRICS' leadership will continue to grow

Sputnik

19,867 views • 3 months ago

Putin on frozen Russian assets in Europe: It undermines the trust. Many other countries are holding their reserves in the Eurozone, not just Russia. First of all, these are oil producing regions, oil producing countries. They already have some doubts. And if that actually happens, you can use the same thing under different pretext.

Putin on frozen Russian assets in Europe: It undermines the trust. Many other countries are holding their reserves in the Eurozone, not just Russia. First of all, these are oil producing regions, oil producing countries. They already have some doubts. And if that actually happens, you can use the same thing under different pretext.

Open Source Intel

15,195 views • 8 months ago

Putin: "More than 30,000 sanctions have been slapped on Russia, which is twice as much as the number of all sanctions against all the other countries of the world combined." No other nation in history has faced this level of economic pressure. And yet Russia's economy is still standing.

Putin: "More than 30,000 sanctions have been slapped on Russia, which is twice as much as the number of all sanctions against all the other countries of the world combined." No other nation in history has faced this level of economic pressure. And yet Russia's economy is still standing.

Chay Bowes

51,010 views • 13 hours ago

🚨💵Peter Schiff: Sanctions on Russia🇷🇺 marked the beginning of the end of the dollar as the world’s reserve currency “I was very critical at the time of the Biden sanctions against Russia, and I said that would come back to bite the US because I knew how critical the dollar’s reserve currency status was to propping up the US economy. I said that Biden just sent a very loud message, a warning to the world that they need to get rid of their dollars, that they could be the next Russia. If they do something that the United States doesn’t like, they’ve got that weapon. And so why would you want to enable the United States with a weapon to use against you? So I said this is going to result in a lot of selling of US dollars and US Treasuries. And that’s exactly what happened. The reason that gold is over $3300 an ounce is because central banks are getting rid of their dollars. And one of the reasons that the yield on US Treasuries just hit a new multi-year high and continues to rise is because we don’t have all the foreign buyers that Biden scared away. I think we’ve already established the precedent that the dollar is not sacrosanct. And if you’re a nation and you have US dollars, you have US Treasuries and you own them in good faith in that you would trust that they would be a reserve asset, a neutral reserve asset. We’ve already established a precedent that that’s not the case, that we can yank the rug out from under you whenever we want. So I think regardless of what Trump does now, if I was in China or any of these countries, especially China, because, you know, we vilify China, we say China’s our enemy. Okay, well, if China’s our enemy, why the hell do they want to leave themselves vulnerable by owning all of our bonds? And it’s not just Treasuries that they own. They own mortgage-backed securities. They have a tremendous amount of dollar-denominated assets, so I would be completely divesting as quickly as I could.” -Peter Schiff on Going Underground

🚨💵Peter Schiff: Sanctions on Russia🇷🇺 marked the beginning of the end of the dollar as the world’s reserve currency “I was very critical at the time of the Biden sanctions against Russia, and I said that would come back to bite the US because I knew how critical the dollar’s reserve currency status was to propping up the US economy. I said that Biden just sent a very loud message, a warning to the world that they need to get rid of their dollars, that they could be the next Russia. If they do something that the United States doesn’t like, they’ve got that weapon. And so why would you want to enable the United States with a weapon to use against you? So I said this is going to result in a lot of selling of US dollars and US Treasuries. And that’s exactly what happened. The reason that gold is over $3300 an ounce is because central banks are getting rid of their dollars. And one of the reasons that the yield on US Treasuries just hit a new multi-year high and continues to rise is because we don’t have all the foreign buyers that Biden scared away. I think we’ve already established the precedent that the dollar is not sacrosanct. And if you’re a nation and you have US dollars, you have US Treasuries and you own them in good faith in that you would trust that they would be a reserve asset, a neutral reserve asset. We’ve already established a precedent that that’s not the case, that we can yank the rug out from under you whenever we want. So I think regardless of what Trump does now, if I was in China or any of these countries, especially China, because, you know, we vilify China, we say China’s our enemy. Okay, well, if China’s our enemy, why the hell do they want to leave themselves vulnerable by owning all of our bonds? And it’s not just Treasuries that they own. They own mortgage-backed securities. They have a tremendous amount of dollar-denominated assets, so I would be completely divesting as quickly as I could.” -Peter Schiff on Going Underground

Going Underground

16,526 views • 4 months ago

Wake Up Europe ⚡️⚠️🚨🚨🚨!!!!!!!! Putin: I want ordinary Western people hear me, too. You are being persistently told that your current difficulties are the result of Russia’s hostile actions and that you have to pay for the efforts to counter the alleged Russian threat from your own pockets. All of that is a lie. The truth is that the problems faced by millions of people in the West are the result of many years of actions by the ruling elite of your respective countries, their mistakes, and short-sighted policies and ambitions. This elite is not thinking about how to improve the lives of their citizens in Western countries. They are obsessed with their own self-serving interests and super profits. This is evidenced by data from international organizations, which clearly demonstrate that social problems, even in leading Western countries, have only worsened in recent years, with inequality growing, the gap between rich and poor growing, and racial and national conflicts taking their toll. The myth of a Western welfare state, of the so-called golden billion, is crumbling. I repeat, today the entire planet is paying the price for the West's ambitions, for its attempts to maintain its elusive dominance by any means necessary. The imposition of sanctions is a logical continuation, a concentrated expression of the irresponsible, short-sighted policies of US and EU governments and central banks. It is they who, in recent years, have single-handedly accelerated the spiral of global inflation, their actions leading to increased global poverty and inequality, and new refugee flows around the world. And the question arises: who will now answer for the millions of deaths from starvation in the world's poorest countries due to growing food shortages? Let me repeat, this has dealt a serious blow to the entire global economy and trade, as well as to trust in the US dollar as the primary reserve currency. Thus, the illegitimate actions to freeze part of the Bank of Russia's foreign exchange reserves undermine the reliability of so-called first-class assets. In fact, both the US and the EU have declared a full-blown default on their obligations to Russia. Now everyone knows that financial reserves can simply be stolen. And, seeing this, many countries may soon begin—and I'm sure this will happen—to convert their paper and digital savings into real reserves in the form of commodities, land, food, gold, and other real assets, which will only exacerbate the shortage in these markets. I'll add that the seizure of foreign assets and the accounts of Russian companies and individuals is a lesson for national businesses as well: there is nothing safer than investing in your own country. I've personally said this repeatedly.

Wake Up Europe ⚡️⚠️🚨🚨🚨!!!!!!!! Putin: I want ordinary Western people hear me, too. You are being persistently told that your current difficulties are the result of Russia’s hostile actions and that you have to pay for the efforts to counter the alleged Russian threat from your own pockets. All of that is a lie. The truth is that the problems faced by millions of people in the West are the result of many years of actions by the ruling elite of your respective countries, their mistakes, and short-sighted policies and ambitions. This elite is not thinking about how to improve the lives of their citizens in Western countries. They are obsessed with their own self-serving interests and super profits. This is evidenced by data from international organizations, which clearly demonstrate that social problems, even in leading Western countries, have only worsened in recent years, with inequality growing, the gap between rich and poor growing, and racial and national conflicts taking their toll. The myth of a Western welfare state, of the so-called golden billion, is crumbling. I repeat, today the entire planet is paying the price for the West's ambitions, for its attempts to maintain its elusive dominance by any means necessary. The imposition of sanctions is a logical continuation, a concentrated expression of the irresponsible, short-sighted policies of US and EU governments and central banks. It is they who, in recent years, have single-handedly accelerated the spiral of global inflation, their actions leading to increased global poverty and inequality, and new refugee flows around the world. And the question arises: who will now answer for the millions of deaths from starvation in the world's poorest countries due to growing food shortages? Let me repeat, this has dealt a serious blow to the entire global economy and trade, as well as to trust in the US dollar as the primary reserve currency. Thus, the illegitimate actions to freeze part of the Bank of Russia's foreign exchange reserves undermine the reliability of so-called first-class assets. In fact, both the US and the EU have declared a full-blown default on their obligations to Russia. Now everyone knows that financial reserves can simply be stolen. And, seeing this, many countries may soon begin—and I'm sure this will happen—to convert their paper and digital savings into real reserves in the form of commodities, land, food, gold, and other real assets, which will only exacerbate the shortage in these markets. I'll add that the seizure of foreign assets and the accounts of Russian companies and individuals is a lesson for national businesses as well: there is nothing safer than investing in your own country. I've personally said this repeatedly.

Ignorance, the root and stem of all evil

17,395 views • 1 month ago

A new package of 🇪🇺 EU sanctions against Russia is being approved. Part of its norms was prepared based on the proposals of the International Sanctions Group chaired by Michael McFaul and Andriy Yermak. This package would additionally limit Russia's profits it has received in Europe so far, as well as block some of the routes to bypass the previously introduced sanctions. This is now one of the priority tasks. All our partners are fully informed about how critical it is to block all routes of bypassing sanctions. The terrorist state still has access to various products and components, technology, and financial schemes created by those in the world, who still value freedom and international law. Russia must be in complete isolation, while Russia's main export products are evil and death.

A new package of 🇪🇺 EU sanctions against Russia is being approved. Part of its norms was prepared based on the proposals of the International Sanctions Group chaired by Michael McFaul and Andriy Yermak. This package would additionally limit Russia's profits it has received in Europe so far, as well as block some of the routes to bypass the previously introduced sanctions. This is now one of the priority tasks. All our partners are fully informed about how critical it is to block all routes of bypassing sanctions. The terrorist state still has access to various products and components, technology, and financial schemes created by those in the world, who still value freedom and international law. Russia must be in complete isolation, while Russia's main export products are evil and death.

Volodymyr Zelenskyy / Володимир Зеленський

757,656 views • 3 years ago

Putin warns that Russia will begin seizing European ships in response to European states seizing Russian vessels. Our political-media establishment has portrayed the EU's piracy against Russia's "shadow fleet," the theft of Russia's sovereign assets, and participation in strikes against Russia as unproblematic. Retaliation is coming, and the former world of rules and connectivity is being burned down without any debate or reflection.

Putin warns that Russia will begin seizing European ships in response to European states seizing Russian vessels. Our political-media establishment has portrayed the EU's piracy against Russia's "shadow fleet," the theft of Russia's sovereign assets, and participation in strikes against Russia as unproblematic. Retaliation is coming, and the former world of rules and connectivity is being burned down without any debate or reflection.

Glenn Diesen

120,355 views • 29 days ago

🇷🇺 Vladimir Putin on the theft of Russian gold and foreign exchange reserves: "The assets of our Russian gold and foreign exchange reserves are frozen in Western banks. And they constantly say that they will steal our money. As soon as this happens, the movement towards the regionalization of payment systems will certainly accelerate and will undoubtedly become irreversible. And this is generally good for the global economy, maybe it's worth paying for it. But by the way, I just thought, I have a basic legal education, I said "theft of our gold and foreign exchange reserves". However, theft is a secret theft of property, and this is uncovered, it's robbery."

🇷🇺 Vladimir Putin on the theft of Russian gold and foreign exchange reserves: "The assets of our Russian gold and foreign exchange reserves are frozen in Western banks. And they constantly say that they will steal our money. As soon as this happens, the movement towards the regionalization of payment systems will certainly accelerate and will undoubtedly become irreversible. And this is generally good for the global economy, maybe it's worth paying for it. But by the way, I just thought, I have a basic legal education, I said "theft of our gold and foreign exchange reserves". However, theft is a secret theft of property, and this is uncovered, it's robbery."

🌐geopolitics in the picture

144,013 views • 1 year ago

🚨Peter Schiff: China🇨🇳 is silently dumping the dollar, a US🇺🇸 dollar crisis is coming soon! ‘China is gradually weaning themselves off of the dollar. That’s why, if you look at their holdings of US Treasuries, they’ve actually gone down a bit over the years. If you look at all the new Treasuries we’ve issued over the years, the fact that the Chinese haven’t bought any of them is a big deal because they used to be a main buyer of these assets. Instead of buying more Treasuries, they’ve bought more gold. So if you look at US dollar debt as a percentage of all the reserves the Chinese own, Treasuries are a much smaller percentage of their total reserves than they once were, especially if you consider the appreciation of gold. I would guess the reason they’re not moving more dramatically is because they probably don’t want to cause a crash, the dollar to implode, the Treasury market to implode, because they are trying to sell and want to get a decent price. So I think they’re happy to slowly bleed it off to try to get that good price. They just have to worry about the impact on the dollar, because if they try to dump too many dollars at once, the dollar could go down, and especially if a lot of other countries see that and want to get out. There could be a run on the dollar. If all the holders decide they want to get out, they don’t want to be the last one holding the dollar, and so it becomes a rush, and we could be in a US dollar crisis relatively soon anyway… I think we’re heading for a real crisis in the US, and I think countries that are smart would be trying to get ahead of that by selling whatever they can, as quietly as they can, out of US dollars and any US dollar-denominated debt.’ -Peter Schiff on Going Underground

🚨Peter Schiff: China🇨🇳 is silently dumping the dollar, a US🇺🇸 dollar crisis is coming soon! ‘China is gradually weaning themselves off of the dollar. That’s why, if you look at their holdings of US Treasuries, they’ve actually gone down a bit over the years. If you look at all the new Treasuries we’ve issued over the years, the fact that the Chinese haven’t bought any of them is a big deal because they used to be a main buyer of these assets. Instead of buying more Treasuries, they’ve bought more gold. So if you look at US dollar debt as a percentage of all the reserves the Chinese own, Treasuries are a much smaller percentage of their total reserves than they once were, especially if you consider the appreciation of gold. I would guess the reason they’re not moving more dramatically is because they probably don’t want to cause a crash, the dollar to implode, the Treasury market to implode, because they are trying to sell and want to get a decent price. So I think they’re happy to slowly bleed it off to try to get that good price. They just have to worry about the impact on the dollar, because if they try to dump too many dollars at once, the dollar could go down, and especially if a lot of other countries see that and want to get out. There could be a run on the dollar. If all the holders decide they want to get out, they don’t want to be the last one holding the dollar, and so it becomes a rush, and we could be in a US dollar crisis relatively soon anyway… I think we’re heading for a real crisis in the US, and I think countries that are smart would be trying to get ahead of that by selling whatever they can, as quietly as they can, out of US dollars and any US dollar-denominated debt.’ -Peter Schiff on Going Underground

Afshin Rattansi

107,856 views • 7 months ago

Dan Tapiero says the tokenized stock market is too big to be winner takes all "I think it's enough for everybody. I've never believed in winner-take-all. I know the venture guys sort of do, but I'm not really a venture guy." "The total addressable market of our space, value of all assets, is nine hundred trillion. If you look at traditional currency market volumes, the currencies like euro, yen, dollar, they trade seven trillion dollars a day. A day. I think eventually all of that is going to move on chain. So the TAM of our space is thousands of trillions. One firm can't handle that." "You hear Vlad of Robinhood talking about how now people with digital wallets who have no access to equity at all, they can take a long position in Micron or Intel or Coinbase, because now tokenized stocks allow them to do that." "There are billions of people around the world that don't have access to brokerage accounts. Just like they didn't have access to bank accounts. Through the digitization of all money and value and assets, they now do." "I think it's broadening and opening up the capital markets." "It's not just, hey, let's build out the casino globally so that the professionals can take money from civilians."

Dan Tapiero says the tokenized stock market is too big to be winner takes all "I think it's enough for everybody. I've never believed in winner-take-all. I know the venture guys sort of do, but I'm not really a venture guy." "The total addressable market of our space, value of all assets, is nine hundred trillion. If you look at traditional currency market volumes, the currencies like euro, yen, dollar, they trade seven trillion dollars a day. A day. I think eventually all of that is going to move on chain. So the TAM of our space is thousands of trillions. One firm can't handle that." "You hear Vlad of Robinhood talking about how now people with digital wallets who have no access to equity at all, they can take a long position in Micron or Intel or Coinbase, because now tokenized stocks allow them to do that." "There are billions of people around the world that don't have access to brokerage accounts. Just like they didn't have access to bank accounts. Through the digitization of all money and value and assets, they now do." "I think it's broadening and opening up the capital markets." "It's not just, hey, let's build out the casino globally so that the professionals can take money from civilians."

The Wolf Of All Streets

20,748 views • 13 hours ago

Alex Krainer (Alex (Sasha) Krainer) identifies the single remaining mechanism that still holds the Western empire together. While debts explode and European banks sit on even thinner ice than American ones, the only glue left is the petrodollar. Russia and China understand this. Iran is now in a position to strike it directly. “The only way this whole empire is being held together, the only glue that holds it together is in fact the petrodollar. And I think that this is very obvious to the Russians and to the Chinese. And so I think that destroying the petrodollar has to be an important objective in the resistance against the empire. Now, I don’t think that the Russians or the Chinese are inclined to make very aggressive moves to deliberately crash the petrodollar because they don’t have to. It’s going to implode anyway. It’s important to understand for our viewers that most of the US dollars in circulation today, an estimated 60%, circulate outside of the United States. So it’s not just a US American financial problem; it’s the whole world. And so many countries hold their reserve assets in US dollars. Many countries have their pension funds invested in US dollar assets. So a collapse of the petrodollar and the US dollar could end up being the same event. I don’t know that the Trump administration is going to manage to insulate their domestic dollar against the dollar circulating outside of the United States. And there’s something between 20 and 30 trillion dollars of US-denominated assets owned by foreigners. And so destabilizing the dollar deliberately would risk consequences that would be detrimental to many nations around the world. It will exacerbate food price inflation, which would be very devastating to many ‘Global South’ countries. So it’s important to build alternatives to give countries time to prepare for the adjustment and to let the dollar unravel under its own momentum. But Iran has a different incentive in this whole thing. And I think the Iranians are now perfectly in position to strike at the petrodollar by conditioning passage through the Strait of Hormuz: the ship can pass if the cargo was paid in Chinese yuan or Russian rubles or Indian rupee or whatever it be and not in US dollars. So that’s already exacerbating the pressure on the US dollar, and the Chinese and the Russians don’t have to take any aggressive active measures against that.” The petrodollar is the last structural support. Once it goes, the rest of the system follows.

Alex Krainer (Alex (Sasha) Krainer) identifies the single remaining mechanism that still holds the Western empire together. While debts explode and European banks sit on even thinner ice than American ones, the only glue left is the petrodollar. Russia and China understand this. Iran is now in a position to strike it directly. “The only way this whole empire is being held together, the only glue that holds it together is in fact the petrodollar. And I think that this is very obvious to the Russians and to the Chinese. And so I think that destroying the petrodollar has to be an important objective in the resistance against the empire. Now, I don’t think that the Russians or the Chinese are inclined to make very aggressive moves to deliberately crash the petrodollar because they don’t have to. It’s going to implode anyway. It’s important to understand for our viewers that most of the US dollars in circulation today, an estimated 60%, circulate outside of the United States. So it’s not just a US American financial problem; it’s the whole world. And so many countries hold their reserve assets in US dollars. Many countries have their pension funds invested in US dollar assets. So a collapse of the petrodollar and the US dollar could end up being the same event. I don’t know that the Trump administration is going to manage to insulate their domestic dollar against the dollar circulating outside of the United States. And there’s something between 20 and 30 trillion dollars of US-denominated assets owned by foreigners. And so destabilizing the dollar deliberately would risk consequences that would be detrimental to many nations around the world. It will exacerbate food price inflation, which would be very devastating to many ‘Global South’ countries. So it’s important to build alternatives to give countries time to prepare for the adjustment and to let the dollar unravel under its own momentum. But Iran has a different incentive in this whole thing. And I think the Iranians are now perfectly in position to strike at the petrodollar by conditioning passage through the Strait of Hormuz: the ship can pass if the cargo was paid in Chinese yuan or Russian rubles or Indian rupee or whatever it be and not in US dollars. So that’s already exacerbating the pressure on the US dollar, and the Chinese and the Russians don’t have to take any aggressive active measures against that.” The petrodollar is the last structural support. Once it goes, the rest of the system follows.

🅰pocalypsis 🅰pocalypseos 🇷🇺 🇨🇳 🅉

19,563 views • 27 days ago