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31 sats \ 7 replies \ @Satosora 21 Apr \ on: Russia's Economy Thrives Despite Sanctions and SWIFT Removal econ
Not to say that what Russia is right... but the USA did the same thing just a few years back. Russia adapted well to the sanctions, and is prospering. They also flushed out a lot of USA owned subsidies in Russia.
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10 sats \ 1 reply \ @TomK OP 21 Apr
that's the problem we always have with the whole russia debate. many people can no longer abstract and allow themselves to be drawn into the respective propaganda. i try to present things from an economic perspective so that readers can get a picture of the reality. The politicians involved tend to believe their own propaganda and thus drag their own population into the abyss economically.
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21 sats \ 0 replies \ @Satosora 21 Apr
The politicians need a majority to get things to happen though. So a lot of the politicians seem to have the same idea, or a way to profit from it.
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21 sats \ 4 replies \ @Bell_curve 21 Apr
BRICS can operate without G7
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10 sats \ 0 replies \ @TomK OP 21 Apr
Right
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10 sats \ 2 replies \ @kingzing131 21 Apr
I wonder to what extent. Bitcoin stuff aside, the world didn't just throw a dart and picked UST as the safest liquid asset.
USD continues to be the dominant money and we literally had dollar shortage globally last year or two.
With so much international global money money running on USD, I am honestly doubting any organisation can just force it's way through adopting another one.
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42 sats \ 1 reply \ @Bell_curve 21 Apr
Oil is priced in dollars but that can change to euro 💶 or CNY/RMB or something else
Brazil 🇧🇷 Russia 🇷🇺 and China 🇨🇳 are large producers of oil. Their oil advantage is main reason why western sanctions have failed
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16 sats \ 0 replies \ @TomK OP 21 Apr
Never going to change to Euro
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