Wakey, wakey
The Party’s Over
quoteThis is the subtext to the war in Ukraine. Washington assumed they could destroy the Russian ruble and thus the Russian economy. The ruble took a dive, but the Russians were prepared, and it has fully recovered to its prewar levels. This is an enormous change as it reflects a new reality in the world. Washington can no longer control the global economy by having a monopoly on the currency of the world.close quote
Anon opines:' 'The writer stops short of drawing the obvious conclusion, perhaps because it is so obvious: the situation as he describes it is a historical pretext for a war between debtor and debtees. In this case, actors are nuclear superpowers and their surrugates.
https://www.takimag.com/article/the-partys-over/