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> Weaponizing money could never happen if the money were still backed by something valuable such as gold or goods While weaponizing money may not be so easy, t
by OrvalWintermute 5y ago
> Weaponizing money could never happen if the money were still backed by something valuable such as gold or goods
While weaponizing money may not be so easy, that doesn't mean economic warfare would stop.
Currently the US has declared what amounts to unrestricted warfare against the Russians, including violating our own laws, and the laws of our allies, to effect damage to them. Specifically I am talking about seizing of private property by fiat for no crime. The logical Russian response is to nationalize every Western asset in their territory
Economic warfare may get much worse, since there is power in buying, power in selling, power in being an intermediary, or having the currency of exchange, or the system used for exchange.
- Yoric 5y ago> Specifically I am talking about seizing of private property by fiat for no crime. Has any property been seized? I thought that it was only locked down pending investigations? That's already borderline (possibly illegal? ianal) but very different.