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What is actually happening is that Russia has moved onto the Chinese alternative to SWIFT, India&China&Iran&Syria etc are forming an alternative block, and Russ
by asabjorn 5y ago
What is actually happening is that Russia has moved onto the Chinese alternative to SWIFT, India&China&Iran&Syria etc are forming an alternative block, and Russia is put into a close relationship with China. This is not a good idea because Russia&Ukrain&Belarus produce 1/3 of all corn, a huge chunk of fertilizer production, and a huge chunk of many commodities essential for the little industry we have left.
What will happen if a significant portion of oil is no longer traded in dollars? The dollars value is supported by the large amount of oil trades, and without it the US can't run the deficits its gotten used to. The US has transferred much of the industrial base to China which makes it hard to recover from that.
> Russian civilians should consider themselves lucky that the war is only economic for them.
Russia is the largest nuclear force in the world, and as Afghanistan and Ukraine shows a conventional war is very resource demanding. If the US went to direct war against russia that would be WWIII, and considering that there are nuclear stakes here that is not a good idea.