Several weeks ago I predicted that US sanctions against Russia would fail and hurt us more than Russia. Russia has a lot of resources that not only the US needs but the entire west needs and Putin just took the dollar out of that money stream. This will have a highly negative effect on all of us as our inflation rate will soar even more than it is now due to having so many dollars not being used for monetary transactions around the world as nations are now buying from Russia using rubles, not dollars. This will cause the value of the ruble to rise significantly
The US made an absolutely stupid move as Putin's reaction is going to hurt us big time. Too bad we don't have politicians wise enough to have foreseen all of this.
The US made an absolutely stupid move as Putin's reaction is going to hurt us big time. Too bad we don't have politicians wise enough to have foreseen all of this.