Comments by "" (@badluck5647) on "" video.

Sanctions are about driving up costs and reducing revenue. Stopping trade is too optimistic. Look how Russian gets computer chips. Pre-invasion, they bought computer chips from the manufacturer. Now they get them from appliances such as washing machines brought into 3rd party countries. This means they have to spend money on a washing machine and a black market smuggler in a 3rd party country. Every ruble spends on computer chips buys less computer chips and it makes increasing scale of suppliers difficult. Now, imagine this example over multiple components and multiple industries.
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@tamdang8346 China only surpassed Japan to be the 2nd biggest economy not that long ago. When your economy is already so huge and developed, stagnation isn't that big of a deal. Russia spending their currency reserves on temporary war spending isn't going to double their economy in order to match Japan's economic size.
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@Ol_Hickory88 The dollar's reserve status depends on how money is stored, not how transactions are denominated. It doesn't matter if the oil is bought in yen if the less valued currency is immediately converted to dollars to buy American products and to invest in American markets. The dollar's value compared to other currencies went up since the announcement. The 1974 deal is meaningless.
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@Ol_Hickory88 The increasing value of precious metals is due to citizens of countries like China and Russia who want to dump their domestic currencies, but capital controls won't let them get dollars. No one is trading their dollar reserves to buy anything else. If anything, more autocrats are increasing capital controls to keep their own currencies from being dumped for the dollar.
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@Ol_Hickory88 All the BRICS countries are trading in dollars except Russia, which doesn't have access to the Western banking system. Saudi Arabia would never abandon the dollar because it would devalue their own currency reserves and trillions of dollars in investments in American companies. The BRICS currency fiction is so laughable.
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@Ol_Hickory88 Are you talking about the 1974 deal where Saudi Arabia put excess dollars into treasuries notes instead of other investments? So, what? Saudi Arabia's riyal remains pegged to the dollar, and its stock of financial assets is dollar focused. The dollar's reserve status depends on how money is stored, not how transactions are denominated. The ending of the deal is such a nonstory that it didn't affect the financial market at all.
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