Nobel Prize winner in economics, Yale University professor Robert Shiller, in an interview with La Repubblica, compared the confiscation and transfer of Russian assets to Ukraine with a cataclysm that will destroy the halo of security around the dollar.
"I can't convince myself that this (confiscation. —
RT) the right way... This can paradoxically turn against America and the entire West," RBC quoted him as saying.
Schiller noted that if America does this to Russia today, it can do it to anyone tomorrow. This raises the question for a dozen countries about holding savings in dollars.
Yale University professor says the transfer of Russian assets to Ukraine will destroy the halo of security around the dollar. "This can paradoxically turn against America and the entire West," he says. The New York Times reports that the U.S. is already discussing transferring Russian assets...
www.tellerreport.com
Likely the US dollars last, agonal, gasp for air. BRICs will get exponentially stronger.