Detonating a Tactical Financial Nuclear Weapon:
Sowing the Seeds of a New Financial World Order?
The Ukraine/Russia crisis may mark a historic moment in the evolution of geopolitical balance. While there have been calls for a military response by the West, we should not overlook the significance of the sanctioning of the Russian Central Bank. A tactical financial nuclear weapon has been detonated and we have entered a new cold war. However, in this era of globalization, the consequences may be far reaching. For one, the eurodollar and petrodollar markets are no longer “safe” to those countries who are not friends with the West. With the U.S. explicitly willing to sacrifice the position of the U.S. dollar as the dominant global reserve currency, will today’s events be remembered by generations to come as the historical pivot point that shaped a new financial world order?
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