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IPFS News Link • General Opinion

Lesson Of The Day: If You Weaponize The Dollar And Confiscate Assets, Expect Retaliation

• https://www.zerohedge.com by Mish Shedlock

Russia Seizes Western Yogurt and Beer

As backdrop to the Raiffeisen bank story, consider the Bloomberg report, Russia Seizes Western Yogurt and Beer.

President Vladimir Putin signed a decree in April allowing for "temporary" state control over the assets of companies or individuals from "unfriendly" states — which include the US and its allies.

Sunday's move is the second time the Kremlin has used the decree to seize assets. Previously, Russia took control of utilities owned by Finland's Fortum Oyj and Germany's Uniper SE.

Russia and Ukraine accounted for about 13% of Carlsberg's total sales and about 9% of operating profit in 2021. The company employs about 8,400 people in Russia and had previously separated the operations there from the rest of the group.

1 Comments in Response to

Comment by PureTrust
Entered on:

What's wrong with the article? It didn't go far enough. The dollar has ALWAYS been weaponized against the American people. But it was/is so slow that it is barely noticeable, until you get BIG INFLATION, and prices skyrocket. You can see how it works in in one easy way. When you get a bank loan, you repay the loan over the years, right? But the bank doesn't need your repayment. Why not? Because it turns your promissory note into money, so it gets paid right away. It was a creation of new money, which made your money worth less, which caused inflation, which harmed you by lessening your purchase power. Look at how the prices have gone up in the stores. --- When the government borrows money to give to Ukraine, as that money flows back into the US market, your purchasing power goes down. Forget Russia. Focus on how the banks are against America.



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