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posted 3 years ago by StayForTheEmpathy 3 years ago by StayForTheEmpathy +25 / -1
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– forinfren 1 point 3 years ago +1 / -0

Well, Russia wanting a return to its Cold War power and prestige is pretty self-explanatory. An added factor now is that a separation of banking systems would curb the efforts of oligarchs to steal and launder away national funds - hence the currently developing scandal with Swiss bank money laundering.

Respectively, countries like China and India will gain a wealthy (as in cash-in-hand) trading partner in Russia, which will allow them to also detach from the dollar and be independent from the less than stable Western consumer markets.

For the US, the dethronement of the dollar as the global reserve currency will be a hit initially, presenting obstacles in foreign imports and outsourcing labor... which are the perfect conditions for renewing Trump's "buy American, hire American" policies and developing independent internal markets, particularly in the resource and manufacturing industries. The "Rust Belt" might just get a shiny new polish.

As for the EU, the excuse of Russian aggression (along with the US's continued withdrawal from its NATO duties) will be used to boost its own military-industrial complex - as Germany has already set out to do.

So now it's wise to ask - where's the catch? With so much gains, someone has to lose. And they do. Bigly. I've already mentioned the oligarchs, but the major losers will be precisely the kind of unscrupulous banking clans and financial regulators that caused the 2008 recession. Their own power will be severely diminished - which is why the media right now is also reeeing to high heaven. We're talking about a trap decades in the making, that's only becoming visible now, when it's too late to stop its momentum, and when a number of power players - the Clintons, Biden and his handlers, Merkel etc. - have been leveraged out of the way.

Finally, for us simple folk, all that's left to do is enjoy the fireworks, and maybe take up a vocational class as preparation for the impending labor market growth.

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