Comments by "Joe Nichols" (@joenichols3901) on "The End of the Dollar Monopoly?" video.

  1. Louis-Vincent Gave : That is not a correct statement. Russian oligarchs were free to do whatever they wanted in the global system, without interference (such as London real estate) until Russia broke the law. Russia has committed hundreds of war crimes, attacked a soveriegn nation, started the largest war since WW2 and threatened nuclear retaliation against all of Europe/US. That is what breaking the law means. Same with Chinese firms who support the concentration camps - we specifically sanction them as they are breaking the law. To operate in the global order you must abide by the rules or the entire system will fall apart anyways. Plus, dummy, the oligarchs can have their money back once the war is over and Ukraine is back to as it was and that is why we are not liquidating the Russian assets of oligarchs; we are temporarily confiscating them. We sanctioned Russia equivalent to the law breaking committed - they annexed Crimea in 2014 and we applied much less significant sanctions. Russia started the largest European war since WW2 and threatened nuclear retaliation to our homeland - so we simply responded to that same level. The sanctions level is unheard of because a war of this size is unheard of. This is a terrible take. What you want to replace with? The yuan ? You would rather hold money of an authoritarian, communist, ethno-state running concentration camps on its own people? Who has used debt traps around the world? This whole argument is ridiculous. Please stick to the war. I am an avid reader of Zeihan and others; this is a terrible take. Actors such as China and Russia do not want to change the reserve currency; they want to destroy the system in its entirety. Any reader of history know that means billions of people will suffer the likes of which our generation has no clue of. Technology, liberalism, human rights, democracy, freedom of religion.... none of these will exist without a Western lead order (the US is nothing without its allies and acquaintances). Check the UN resolution on this to see if the smaller nations, which are by far the second most important players in this conflict, and see if they want to return to before the global order. The US is a far off hegemon. The US has representatives of all peoples - chinese, european, russian, ukrainian, african, australian, and so on. I am genuinely disappointed in this video. It is clearly click bait.
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