“The opportunity of defeating the enemy is provided by the enemy himself.”
~ Sun Tzu, The Art of War’
Source: LA times
Written by Bryan Lutz, Editor at Dollarcollapse.com:
The United States seems to be doing their darnedest to prove themselves an enemy of the world.
They want to give $300 Billion in seized Russia assets to Ukraine.
When Russia invaded Ukraine, the US initiated sanctions, cut off Russia from international trade through the SWIFT system, then seized control of $300 Billion in Russian assets.
Assets that could have belonged to any nation…
And just as easily been taken from any other nation.
The international reaction created a compelling urgency for nations to adopt a competing currency (BRICS), an accelerated effort for Eastern nations to hoard gold, and for the United State’s biggest bond holder, China, to rapidly dump US bonds.
In other words, nations have lost trust in the US, and the dollar…
Except they want to keep on pretending like the enemy of my enemy is my friend.
So the US keeps pushing its allies for the nod, as if in some backwards way it would demonstrate to the world that the United States would never, ever, swipe any other nation’s assets the second they did something they didn’t like.
Negotiations to spend the “War Chest” have been going on for a year or more.
Now that the US is out of spending power, and essentially running deficits for internal affairs, they need to find funding to keep the shrinking Ukraine war machine from collapsing altogether.
AP reports:
Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine
“WASHINGTON (AP) — Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction.
“It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance and long-term reconstruction,” Yellen said in remarks in Sao Paulo, Brazil, where Group of 20 finance ministers and central bank governors are meeting this week.
“I believe there is a strong international law, economic, and moral case for moving forward. This would be a decisive response to Russia’s unprecedented threat to global stability,” she said.”
There are a few ways this could play out.
- It could do what the US is proposing. It could incentivize Russian to end the war in Ukraine’s favor. I find that unlikely, but it’s a possibility.
- It could cause greater agitation. Russia is already running without that money. What’s stopping them from prolonging the war until Ukraine runs out of old men and starts conscripting their women?
- If could prove to the world that the United States is willing to do whatever it takes to stay the dominant global powerhouse that it is.
If the rest of the world gives in to the United State’s urge to give $300 Billion in Russian assets to Ukraine, it proves one thing.
The political allies of the United States will think twice about that old saying,” The enemy of my enemy is my friend.”
The enemy of my enemy is no longer a friend, but an enemy.
The US may have allies for a time, but they are setting a dangerous standard that shifts the bedrock of civilization.
That bedrock of civilization being cooperation.
It is a pre-requisite for civilization to occur.
And when one nation shows they are only looking out for number one…
No one will want what they’re selling because it’s a one-sided deal.
Or, in an effort to maintain that one-sided relationship, they print, print, and print more US Dollars until…
The US becomes its own worst enemy.
