Russia And China Might Collectively Challenge The Dollar’s Reserve Status

• Russia And China Might Collectively Challenge The Dollar’s Reserve Status
  by QTR’s Fringe Finance, https://www.zerohedge.com/
  The war being waged by Russia in Ukraine shows no signs of coming to any type of peaceful end. Meanwhile, it appears to me that a separate war on the U.S. dollar could be “officially” waged at any moment, by Russia and China collectively, as the situation in Ukraine grows more dire, as Russia’s options wane and its ties with China grow closer.
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  While the hope is still to avoid a World War III type scenario, escalating sanctions from the West are forcing an increasingly unhinged Vladimir Putin to consider his options for pushback. For example, on Sunday, Putin put nuclear deterrence forces on high alert as a response to increasing pressure from NATO, in a move that the U.S. ambassador to the United Nations said “escalates the conflict unacceptably.”
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  When push comes to shove and things get down to brass tacks, people want to know what backs their currency, and it’s not just Russia in this case. While they’re going to be the obvious example, I think economic tensions between Russia and the West are going to stoke a far larger global discussion about the fiat system in general.
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  After all, heading into this massive conflict, we were already at the precipice of “The Great Reset”, right? Now, China and Russia may speed that “reset” along much quicker – and in much more volatile fashion – than Klaus Schwab would approve of. Sorry, Klaus.
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  The fact is that if Putin has his mind made up to “go the distance” in Ukraine, come hell or high water, he’s going to have to somehow address the crippling of his country’s currency and economy. Left with few “off-ramps”, my guess is that Putin will push back on economic sanctions by allying himself further with China, and even discussing with China the prospects of a monetary system outside of the current global monetary system.
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  While the idea will likely be written off by economic experts, it’s important to remember that, even if such an idea doesn’t succeed, it could still create chaos for global economic markets and life in the West. We’re already in the midst of a supply chain crisis here in the U.S. – now, add to that the facts that:
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