https://twitter.com/burningplat/status/1498284767703404545
RUSSIAN CENBANK: SAYS FOREIGN COUNTERPARTS CAN ALSO CONNECT TO RUSSIAN ALTERNATIVE TO SWIFT https://t.co/53brrbPefq
— First Squawk (@FirstSquawk) February 28, 2022
Payments: Russian banks may boost renminbi’s status via China’s ‘Swift’ https://t.co/9xydSeK4kP | opinion
— Financial Times (@FT) February 28, 2022
US steps up sanctions in effort to cripple Russia’s financial system https://t.co/jH5V19Mn7x pic.twitter.com/5fYpdKQVDU
— Robin Wigglesworth (@RobinWigg) February 28, 2022
RUSSIA BARS AIRLINES FROM 36 COUNTRIES, INCLUDING EUROPEAN COUNTRIES AND CANADA, FROM FLYING TO RUSSIA – IFAX
— Win Smart, CFA (@WinfieldSmart) February 28, 2022
Central Planners were in a bind. Inflation, Asset Bubbles, Terrible Approval.
War solves all these problems.
1. Blame Putin for all future Inflation
2. Gives cover to keep rates low/QE
3. Perfect diversion"Show me the incentives and I'll show you outcome." – Charlie Munger
— George Gammon (@GeorgeGammon) February 28, 2022
By openly weaponizing UST reserves, the US may have lit the fuse on a global "Murder on the Orient Express" strategy.
Remember the massive CB gold buying & repatriations of the past 10 years?
What's the difference between $7T in USTs & $0 in gold, v. $7T in gold & $0 in USTs?🤔 https://t.co/29Erf4bQVh
— Luke Gromen (@LukeGromen) February 28, 2022
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