Quote (ofthevoid @ Feb 19 2024 02:41pm)
The fundamental misunderstanding of the western world is thinking they can break a country that has a lot of 'real' resources that the world absolutely needs. These aren't financial engineered goods and services but tangible things that make the world go round. You have billions in Asia that are thirsty to get some of the basic things we take for granted here in the west and many of those things need energy. We can't stop Indian, Chinese, Indonesian, etc. consumption or people wanting a car, bigger house, and so on, so it's an inherently losing battle to try sideline a huge energy exporter.
Real tangible things have inherent value, where as a lot of the things that make the western world so rich are based on derivative value or inflated through enormous amounts of leverage. 50 years from now, the world is still going to need Russian energy, food, metals, etc. where as the pieces of paper or zeros on screens that are just proxies for value for us, that are increasingly being debased through debt & inflation, may not.
I mean it happened already in 91 and the West wasn't even trying.