Biden’s attempt to pressure Russia backfired and destroyed
our bank system instead.
1) The sanctions and Biden’s energy policies caused a spike in energy prices.
2) that rise created a rise in inflation rate.
3) Inflation rise encouraged the Fed to raise rates.
4) The rate increase destroyed existing bond value.
5) Loss of bond value rendered banks insolvent.
6) The US forced the Saudi’s hand in accepting non-USD payments which was probably the final nail in the corrupt/illegal Petrodollar’s existence.
AC
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