Mike, thanks for NOT being s formally trained economist. I always learn plenty studying faybombs. I have to read today’s offering again and maybe another time after that.
Thanks! The main takeaway that I don't think I articulated perfectly is this: Russia has been buying gold and dumping dollars. As one of the largest oil producers on the planet, the rest of the world might need Russia on SWIFT more than Russia needs to be on SWIFT. To its credit, I think the White House knows this. To me, its a tell that the dollar's days as reserve currency are numbered.
I got that message from your post plus an upgrade of SWIFT knowledge. Yes it won’t be like Iraq or Libya trying to detach from petrodollars. Wondering if NATO might fracture over Russian gas pipelines into Germany. European members might not be enthusiastic to enact Article 5 should Russian forces head towards Baltic member states. But first things first, Ukraine is proving to be no cakewalk and victory for Putin might be a long way off if at all. Didn’t mean to ramble, I’m no expert. Time to watch s new Clif High vid yikes.
Mike, thanks for NOT being s formally trained economist. I always learn plenty studying faybombs. I have to read today’s offering again and maybe another time after that.
Thanks! The main takeaway that I don't think I articulated perfectly is this: Russia has been buying gold and dumping dollars. As one of the largest oil producers on the planet, the rest of the world might need Russia on SWIFT more than Russia needs to be on SWIFT. To its credit, I think the White House knows this. To me, its a tell that the dollar's days as reserve currency are numbered.
I got that message from your post plus an upgrade of SWIFT knowledge. Yes it won’t be like Iraq or Libya trying to detach from petrodollars. Wondering if NATO might fracture over Russian gas pipelines into Germany. European members might not be enthusiastic to enact Article 5 should Russian forces head towards Baltic member states. But first things first, Ukraine is proving to be no cakewalk and victory for Putin might be a long way off if at all. Didn’t mean to ramble, I’m no expert. Time to watch s new Clif High vid yikes.
For a fellow non-expert, I think you have a pretty good handle on it!
Well Clif is teaching some history about the region.
https://www.bitchute.com/video/FP8ZtEaliS2g/
I had a moment of clarity myself in 2020, realizing CNBC was not my friend, and I didn't need to be one of their sheep.