A whole slew of articles like this have come out from a lot of mainstream outlets this week. It’s a complete 180 from the narrative they’ve been running for like the whole year now. I wonder if western intelligence agencies are expecting a collapse of the Ukrainian military once Bakhmut falls. So now they’re starting to reshape the narrative in a panic.
Also, a few very interesting reports have just come out from RAND, CSIS, and IMF. These reports state that the war is not going as planned, that US military industrial complex is unable to keep up with the demand, and that sanctions have failed to produce the intended effect.
Also the adults are starting to realize this war has convinced non-Westerners to start disassociate with the West particularly alternatives to the dollar and SWIFT system.
I think that’s the thing that scares people who understand how economics work in US the most. Russian trade with China and India is already a huge chunk of the economy that’s become dedollarized, and turns out that Russia is pretty central for commodity trade for lots of other countries as well. Once the channels of trade outside the dollar are established there is no incentive to go back. Any countries that’s not a vassal of the US now has a strong incentive to trade outside the dollar and, thanks to the economic war US started, now has the means to do so.
US being able to print dollars whenever they want is largely premised on the idea that there is always global demand for dollars. And if this demand starts dipping that becomes a huge problem for servicing the insane national debt US built up.
I also expect that this is the end of siege warfare US has been able to use so effectively via sanctions. US no longer has the ability to coerce countries through economic violence.
A whole slew of articles like this have come out from a lot of mainstream outlets this week. It’s a complete 180 from the narrative they’ve been running for like the whole year now. I wonder if western intelligence agencies are expecting a collapse of the Ukrainian military once Bakhmut falls. So now they’re starting to reshape the narrative in a panic.
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yeah, a few I saw recently were admitting that both the hot war and the sanctions regime are failing
Also, a few very interesting reports have just come out from RAND, CSIS, and IMF. These reports state that the war is not going as planned, that US military industrial complex is unable to keep up with the demand, and that sanctions have failed to produce the intended effect.
Seems like adults in US are starting to sound the alarm that US needs a way out.
Also the adults are starting to realize this war has convinced non-Westerners to start disassociate with the West particularly alternatives to the dollar and SWIFT system.
I think that’s the thing that scares people who understand how economics work in US the most. Russian trade with China and India is already a huge chunk of the economy that’s become dedollarized, and turns out that Russia is pretty central for commodity trade for lots of other countries as well. Once the channels of trade outside the dollar are established there is no incentive to go back. Any countries that’s not a vassal of the US now has a strong incentive to trade outside the dollar and, thanks to the economic war US started, now has the means to do so.
US being able to print dollars whenever they want is largely premised on the idea that there is always global demand for dollars. And if this demand starts dipping that becomes a huge problem for servicing the insane national debt US built up.
I also expect that this is the end of siege warfare US has been able to use so effectively via sanctions. US no longer has the ability to coerce countries through economic violence.