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Warren Buffett: "There could be... Things happen in the United States that... make us want to own a lot of other currencies." (www.reuters.com)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 days ago (1 children)

The EU’s seizure of Russian foreign assets, without legal justification, isn't helping either. By unilaterally appropriating these holdings, the bloc has set a precedent that any nation outside the West would reasonably question: what assurances exist that the EU wouldn’t replicate this tactic against their assets in the event of political conflict?

https://www.reuters.com/business/finance/europe-hand-billions-frozen-russian-cash-western-investors-sources-say-2025-05-02/

[–] [email protected] 2 points 2 days ago

Don´t get me started with the assets seizure (and interest straight robbery), let alone banning apolitical players just for being born within the wrong coordinates. The harm here will be felt for years to come and in the hundreds of billions just for a posture thought by a handful of heads in Washington and Berlin that actually could care less for their own economies, let alone Ukrainians. Switzerland was rapid to stop that and already taking some of the funding usually would have gone to the EU... bu the eyes for capital is looking toward Asia.