Feed Post
Jayant Mundhra
•
Dexter Capital Advisors • 4m
Today, G7 has officially turned 🇷🇺🇺🇦 war into a money-making biz 📛📛 The G7 nations (Canada, France Germany, Italy, Japan, the UK and the US) have signed on a new, first-of-its-kind deal to back Ukraine. What’s so special about the deal? Let’s dive in! .. What deal? To give a loan of $50bn to the war-torn country, to fund its war against Russian invasion. -> A loan, which Ukraine would never have to pay back. -> Rather, the G7 will be using $280bn of Russian forex assets to pay themselves back. .. What Russian assets? The $280bn that Russian central bank invested abroad. This was frozen by the US and other G7 nations when the Ukraine war erupted. .. What does this mean? Two things. 1️⃣ The G7 has now officially turned the Russia-Ukraine war into a money-making business. They will be giving a $50bn loan to Ukraine to fight the Russian armed forces and earn back the same using frozen Russian assets, which are under their control 2️⃣ They are literally using Russian money to arm Ukraine in the fight against Russia. Russian money being used to push Russian soldiers to coffins .. This isn't the first time frozen assets have been used in international conflicts. During World War II, the US seized Japanese assets and used them to fund the war effort. However, the scale and complexity of the current situation are unprecedented, making it a unique case study in financial warfare. .. Now, just imagine, what if a war had broken out between India and Pakistan? -> India too has assets (particularly gold) stored in multiple different nations abroad -> What if any of those nations were to turn friendlier to Pakistan and freeze our access to our own assets? -> As far-fetched as it might seem, just 25 years back, that was a solid possibility And geopolitics change pretty quick 📛📛 .. In that light, one must appreciate RBI’s move to bring back 100 tonnes of gold which was stored in the UK and Switzerland. I hope, gradually, more of what remains abroad is brought back. What do you think?
Replies (1)
More like this
Recommendations from Medial
Jayant Mundhra
•
Dexter Capital Advisors • 2m
So baffling that copper prices are shooting because of war over beer! 😂😂 This is totally nuts. Yet, it is what it is. .. Congo, the world’s No.3 producer of copper banned the import of beer from neighbouring Zambia. And retaliating, Zambia has
See More
Download the medial app to read full posts, comements and news.