Re:India's Central Bank Announces International Trade Settle...
by aaaaaaaaata on Monday July 11, 2022 @09:44PM
(#32064580)
It's the only viable weapon (in the court of public opinion) in the current political landscape.
I think that’s what I find most alarming about this Ukraine thing (discounting nuclear escalation, of course). Weaponizing the reserve currency against Russia was obviously going to have this effect, so why in the world did they score such an obvious own-goal against one of the key pillars of American Empire which has been maintained at nearly all costs since WWII?
Incompetence is the obvious answer but is a bit too pithy for my liking. Maintaining the reserve currency has been an undisputed priority across party lines for my entire life and publicly weaponizing it against Russia for little gain (even in the best case scenario) simply doesn’t make sense to me.