A few weeks ago I expressed some skepticism that sanctions would be effective against Russia for anything easy to move - and that skepticism appears to have been justified. Investors wanting to play the risk of war piled into energy and metals - things that Russia produces a large share of global output of. It worked…. for a week.
The US cannot reasonably sanction India, China and Saudi Arabia at once?
Especially after this: Mar. 14, 2022: “In two weeks, China, Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan will reveal an independent international monetary and financial system. It will be based on a new international currency, calculated from an index of national currencies of the participating countries and international commodity prices” Sputnik News.
Along with the new currency, Russia and China will also reveal their Unfriendly Nation Lists..
Once Eurasia, Africa, ASEAN, the Middle East, and Latin America commit, no nation can afford to stay out the world’s biggest, fastest growing, stablest, frictionless market.
More Global 500 corporations call it home than any other country.
The US cannot reasonably sanction India, China and Saudi Arabia at once?
Especially after this: Mar. 14, 2022: “In two weeks, China, Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan will reveal an independent international monetary and financial system. It will be based on a new international currency, calculated from an index of national currencies of the participating countries and international commodity prices” Sputnik News.
Along with the new currency, Russia and China will also reveal their Unfriendly Nation Lists..
Once Eurasia, Africa, ASEAN, the Middle East, and Latin America commit, no nation can afford to stay out the world’s biggest, fastest growing, stablest, frictionless market.
More Global 500 corporations call it home than any other country.