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Seizing Russias foreign reserves will have global repercussions, page-2

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street professor

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31/12/23

23:19

Post #: 71678768
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Originally posted by Comeup87: ↑

If Russia's foreign reserves are seized by the USA, London and EU. No other country will think their reserves are safe in these countries. Oligarchs, foreign reserves and foreign investment would flee these countries. Leading to weakening currencies and associated standard of living declines. Gold maybe a safe haven, but this would weaken US economic power significantly. This might also be bad for Australia? What are your thoughts?

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US debt to GDP around 130%, Russian debt to GDP around 18%.

Actions have consequences, those that control the US may be wanting to commit economic suicide which can only lead to a world conflict.
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