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In this video, I discuss the move to freeze Russian FX reserves as part of sanctions against Russia.
This is easily the biggest financial news story of 2022, and will have many unintended consequences and repercussions for many years to come, as countries and central banks realize that US Treasuries and other fiat currency bank deposits are no longer a neutral store of value.
This is a giant blow to the global US dollar financial system and the US dollar as a global reserve asset. It will only serve to accelerate the movement into neutral money like gold and Bitcoin.
Not investment advice! Consult a financial advisor.
What if Russian currency reserves are not money:
https://www.wsj.com/articles/if-currency-reserves-arent-really-money-the-world-is-in-for-a-shock-11646311306
Banks stopping Russia from accessing reserves:
https://fortune.com/2022/03/03/russia-sanctions-central-bank-ruble-us-eu-foreign-reserves/
Snapshot of Russian FX reserves:
https://twitter.com/M_C_Klein/status/1496927339984277536
China is not freezing Russian reserves:
https://www.politico.eu/article/will-china-fund-moscows-war-chest-amid-western-sanctions/
Russia gold reserves:
https://tradingeconomics.com/russia/gold-reserves
Why you should never store your gold in London:
https://www.bbc.com/news/business-59733321
Federal Reserve Bank of New York gold vault:
https://www.newyorkfed.org/aboutthefed/goldvault.html
Major holders of US Treasuries:
https://ticdata.treasury.gov/Publish/mfh.txt
US debt clock:
https://www.usdebtclock.org/
Money printer go brrr:
https://www.youtube.com/watch?v=O1hCLBTD5RM&ab_channel=TimvanHelsdingen
Why Bitcoin is much better than gold:
https://www.youtube.com/watch?v=UuwbYCyVQR8&ab_channel=TraderUniversity
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Russia
#Gold
#Bitcoin
Disclaimer
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Russia sanctionsglobal reserve assetUS Treasuries
