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A comment on Ruble-Denominated Bitcoin Volumes Surges to 9-Month High. Parent comment

Re:Ruble-Denominated Bitcoin Volumes Surges to 9-Month High by Cthulhu_ on Monday February 28, 2022 @08:07AM (#30499398)
Well if they didn't want their economy get shafted, maybe they shouldn't have invaded another country unprovoked?

Also, it's a two way street; China maintains dollar reserves, but the US has a $1 trillion debt with China [0]. If there was a conflict, or if the US refused to pay back those loans, their credit rating would drop and they would no longer be able to borrow more money. And if the US cannot borrow money, it will soon enter a state of shutdown - it's spending a lot more than it's earning (it has a budget deficit of $3 trillion [1]).

Holding money and debts is a means of mutual control, a force to maintain good relationships, standings, and peace. This is one reason why China is holding a fairly neutral stance; they're not cutting off Russia, but they're not pissing off the other countries either by e.g. providing military or financial aid to Russia.

[0] https://www.investopedia.com/articles/markets-economy/090616...

[1] https://www.cbo.gov/topics/budget

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Re:Ruble-Denominated Bitcoin Volumes Surges to 9-Month High by naveen99 on Monday February 28, 2022 @08:53AM (#30499787)
Well there is a conflict and the us is refusing to allow Russia to trade in its debt. Credit rating should suffer now right ?

I recognize the dollar is actually up this weekend. But either the usa literally already has Russia and China as puppet states, or it’s credit should suffer.

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