
Lesson Of The Day: If You Weaponize The Dollar And Confiscate Assets, Expect Retaliation
• https://www.zerohedge.com by Mish ShedlockRussia seized the local assets of Carlsberg beer and yogurt maker Danone. It now threatens Austria's Raiffeisen bank.
What's wrong with the article? It didn't go far enough. The dollar has ALWAYS been weaponized against the American people. But it was/is so slow that it is barely noticeable, until you get BIG INFLATION, and prices skyrocket. You can see how it works in in one easy way. When you get a bank loan, you repay the loan over the years, right? But the bank doesn't need your repayment. Why not? Because it turns your promissory note into money, so it gets paid right away. It was a creation of new money, which made your money worth less, which caused inflation, which harmed you by lessening your purchase power. Look at how the prices have gone up in the stores. --- When the government borrows money to give to Ukraine, as that money flows back into the US market, your purchasing power goes down. Forget Russia. Focus on how the banks are against America.