Originally Posted by
rickair7777
Dude. Who do you work for, the SVR or GRU?
The entire western world, and some of the east just cut RU off.
Yes, and you just unintentionally listed one of the main reasons some pretty important parts of the world are thinking about moving on from the dollar.
Much like the run on Canadian banks after Trudeau’s seizure of money and freezing of accounts the rest of the world isn’t overly impressed with getting kicked out of the financial system on the whim of the politicians du jour. Add to that some global politicking we’ve been up to on and off again for a few decades and leaving the dollar might seem attractive.
I have no idea if the run on the Canadian banks reversed itself, but this may be a temporary reaction to such extreme measures being used for the first time on another nation.