Thomas Sowell kinda said that liberals think you can accurately analyze the world and make good predictions. Conservatives think the world is more complicated and if you poke the world in one place it may poke out where you least expect it. Conservatives give more weight to traditions and customs than liberals.
Seizing Russian assets?
Who then pulls money out of the US or west? USD as reserve currency? What will Russia seize? EU has more assets in Russia than the US. Russia has more assets in EU than in US. FAFO.
https://t.me/myLordBebo/29463Russia warns West against driving ‘nail in coffin’ of own economy
The seizure of Moscow’s frozen assets by the US and EU would set “a dangerous precedent,” Kremlin spokesman Dmitry Peskov has warned.
The US and its allies have blocked around $300 billion in Russian central bank assets as part of the sanctions imposed on Moscow over the Ukraine conflict. Most of the funds are being held in the EU. Washington has been insisting for months that international law allows for the appropriation of the funds, but
Germany and France have expressed concerns that such a move could have negative consequences for the Western financial system. Earlier this week, US Joe Biden signed a bill permitting the seizure of some $6 billion in Russian state assets that are sitting in American banks.
Peskov said on Sunday that it is too early to speak about all $300 billion being confiscated by the US and EU. However, he offered the reminder that “Russia has Western money from various structures."