The REPO Act: A Precursor to the Dollar’s Downfall \ stacker news ~econ

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The REPO Act: A Precursor to the Dollar’s Downfall internationalman.com/articles/the-repo-act-a-precursor-to-the-dollars-downfall/

744 sats \ 10 comments \ @siggy47 20 Jul econ

The US dollar and Treasuries have become weaponized in a way they had not before. They are now clearly not neutral assets worthy of forming the bedrock of the international financial system but political tools for Washington to coerce others.

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182 sats \ 2 replies \ @grayruby 20 Jul

I know of a neutral asset.

113 sats \ 1 reply \ @south_korea_ln 20 Jul

Those good old yap stones ;)

67 sats \ 0 replies \ @DiedOnTitan 20 Jul

Wampum Belts are going to make a comeback because they exhibit real PoW with ... no strings attached.

https://m.stacker.news/40553

67 sats \ 2 replies \ @Satosora 20 Jul

I dont want to sound ignorant, but I felt like russia could have cared less about the assets america seized. It still kept going like a well oiled machine without americas involvement.

33 sats \ 1 reply \ @kepford 20 Jul

My guess is that they have been planning to become less dependent on the US for many years. That said, it is my understanding that Putin works for the oligarchs that rose to power after the fall of the USSR. I've also heard that many of their assets that were able to be seized were seized. I'm guessing there is some pain but no where near what US politicians claimed early on.

0 sats \ 0 replies \ @Satosora 20 Jul

I have a feeling it is just toilet paper to them.

54 sats \ 0 replies \ @Bell_curve 20 Jul

https://m.stacker.news/40562 https://m.stacker.news/40563

The author, Nick Giambruno, likes gold as a present and future investment

54 sats \ 0 replies \ @BitcoinAbhi 20 Jul

Will this cause change in the price of oil in the international market??

54 sats \ 0 replies \ @IamSINGLE 20 Jul

Yes, indeed! US is trying to boss everyone! Putin is trying to react,! The world is divided.

54 sats \ 0 replies \ @Coinsreporter 20 Jul

That seize of Russian assets will have massive implications for US dollars! It won't be so fast but come back here after 5 years and you'll see that the downfall of dollar domination would be severe than expected!