He's right. The long term sanctions on Russia have destroyed not Russia, but the EU. And the seizure of Russian assets, many tied to individuals not to the State, has destroyed confidence in US and EU banking. These long term and short sighted actions have united much of the world not only trading partners but also as financial partners interested in using only their own currencies in trade.
It’s a delicate balance. Keeping sanctions on doesn’t help for a long term. They must be used strategically. Keeping the dollar to be number one is always the goal.
He's right. The long term sanctions on Russia have destroyed not Russia, but the EU. And the seizure of Russian assets, many tied to individuals not to the State, has destroyed confidence in US and EU banking. These long term and short sighted actions have united much of the world not only trading partners but also as financial partners interested in using only their own currencies in trade.
It’s a delicate balance. Keeping sanctions on doesn’t help for a long term. They must be used strategically. Keeping the dollar to be number one is always the goal.