You know it has to be a monumentally dumb idea when even Bloomberg says that seizing Russia’s Central Bank funds is illegal and unwise (www.bloomberg.com)

submitted 10 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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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.

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[-] PolandIsAStateOfMind@lemmygrad.ml 15 points 9 months ago* (last edited 9 months ago)

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.

this post was submitted on 27 Dec 2023

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