Comments by "Black Cat Dungeon Master\x27s Familiar" (@blackcatdungeonmastersfami5311) on "Russian Sanctions Are Making Global Finance Spicy || Peter Zeihan" video.

So one billion people in the world are sanctioning the other seven billion - how's that going to work out? Russia remains the world's biggest primary resource supplier. We're two and a half years into sanctioning Russia now and the Russian economy is growing faster than almost all the G8.
1
@felixjtorres1321 Demography is a witch - well demography is cruellest to some countries more than others. In Ukraine the demographic situation is possibly the worst in the world now. Since the war started, the birth rate has fallen from amongst the lowest in Europe to now, probably the lowest in the world. Around ten million people have left, especially young people and especially women. Hundreds of thousands of men are dead or seriously injured. Millions of people who used to be Ukrainians are now Russian citizens. True the situation in Russia isn't rosy but compared to Ukraine, Russian demographics looks bright.
1
@xlukas93 Until 2022 the rest of the world didn't like but accepted the US domination of global finance. Since then it's obvious that the US is using this position as a weapon. Other than the US's closest allies, everyone else including neutrals like India now has a very strong incentive to de-dollarise which is exactly what's happening. It doesn't matter what hasn't happened for twenty years, the incentives are different now.
1
@xlukas93 It's not necessary that central bankers are stupid (although they can be - Griftopia makes a strong case against Alan Greenspan). It's more that the long term interest of the economy is not high on their list of incentives. An alternative to the US dollar doesn't have to be a single currency used by the whole world - I agree with you there is no contender to the US dollar emerging for that. International trade deals settled in the currencies of the parties to the deal are becoming more common, that's probably going to continue. An alternative could be in a basket of currencies. Consider how quickly Swift was circumvented. BRICS has got some problems to overcome but it's naive to dismiss it just because some of the members don't like each other. It's obvious to anyone paying attention the US hegemony is ending.
1
LOL isn't it obvious? On any subject he takes the most optimistic interpretation for America and the most pessimistic interpretation for America's geopolitical competitors. Plus .... he makes stuff up. Case in point - the Nordstream pipeline bombing. Back when that happened he had endless reasons why it must be Russia who blew up their own pipeline. Now, that has been totally debunked.
1