Basically what it comes down to is that this move will completely destroy trust in western financial system. If the west starts seizing foreign assets without any legal basis, then keeping money in western banks starts being a huge risk.
archived https://archive.ph/LAc9J
yeah it’s hard to maintain a global capitalist empire if capital isn’t free to move around the globe
That was the argument I needed to support this move.
No wonder many capitalists are backing Trump, if only to jettison the neocons’ perpetual blowback machine.
At what point do you think the US just lays claim to all the gold we store for other countries? I figure it’ll happen eventually. There were already hedge funds not letting their investors pull money out the past few years. Basically holding their money hostage, and that was like, oligarch money. It’s been fun watching them start to eat each other.
At the point of another Great Crisis and i absolutely bet on the hard ass conservatists trying to base at least some of currency on gold again, especially if the petrodollar blows up in the meantime.
I think that’s going to happen at some point as well. This is especially likely if the economy starts going into a nose dive as is looking increasingly likely. US has shown that it absolutely doesn’t give a shit about the interests of its allies by continuously screwing Europe over the past two years. If push comes to shove, there’s no question that US will fuck everyone else over if there’s a chance of stabilizing US economy that way.
Of course, everybody can see where this is going and I’m expecting that any countries that haven’t been completely vassalized will be trying to pull their assets out of US financial system. China’s already doing this fairly openly, and I expect other countries will follow suit in short order. And of course, if this turns into a run on the bank, then that could be precisely what triggers US to appropriate the assets it still controls.
The US already did that with Afghanistan didn’t they? The US froze their central bank reserves and then chose how to spend it for them.
I know that they stole the gold that was actually IN Afghanistan. Just broke in and took it. Did Afghanistan also have gold reserves already in the US as well? I wonder how many countries would like to take their gold back but know if they tried the US would just seize it. At this point the US is probably already just holding it all hostage.
I’d assume they severely damaged their credibility by “freezing” (definitely not theft) Russia’s $300 billion at the end of February 2022; might as well destroy it completely 🫡
That’s very true, the whole freezing business would’ve been ringing alarm bells for anybody who has significant assets in the western system already.
