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[–]RandomCollection[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

https://archive.is/C1GCK

Well, I think the Kremlin already figured out that the white house is its adversary, but this birdbrain move could convince it there’s no peace to be had whatsoever with Washington. Worse, it could easily convince Russia’s close ally, China, to speed up the activity it’s been engaged in since the Donald “Sinophobic Rampage” Trump years, namely dumping U.S. Treasuries and dollars for gold. In fact, China’s gold imports in January increased 51 percent. And not just China. Other nations dump Treasuries and race for gold, too. More will conclude “that the United States can no longer be trusted as the guarantor of the global economy.” That’s called weaponizing the dollar.

And weaponizing it leads to de-dollarization, which, ultimately via inflation, slams Americans into the poorhouse. The other glaring omission in the so-called logic of stealing Russian assets is that Moscow can – and has said it will – retaliate.

I don't think that the Biden administration people think long term. This is going to blow up in their faces in a big way.

[–]penelopepnortneyBecome ungovernable 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

America has been in decline for decades in many ways but the Biden administration will go down in history as the one that put it on steroids.

[–]RandomCollection[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yep. Biden and the neocons hit the gas on the car that was heading towards a Cliff.