Western Countries Sanctions: How Cryptocurrency Pose Threat to US Dollar And Helps Normal Russians
March 13, 2022 - Sunday, 04:52 PM
As Ukraine and Russia's current war enter on its twentieth day chill'hustler's, I'll share my personal thoughts and opinion about the current situation, especially the sanctions being imposed by the Western Countries.
If you are always on the latest news, for sure you already know what's currently happening in the world right now chill'hustler's and the threat it poses and holds to the entirely PEACE of the whole wide Earth. We will not focus mainly on the current war but on the sanctions imposed by almost all the other big and powerful countries against Russian President Vladimir Putin and also all the Russian Oligarchs. If you wanna know my views about this chill'hustler's, then I'll start right away before my sleepiness strikes again! Hehe...!!!
Wide and Broad Sanctions
With Russian forces continues to invade Ukraine all the Western Countries can do to react against these actions are just wider and broader sanctions in order for them to currently hold off the situation and di-escalate it with hopes that Putin will soon stop its aggression in Ukraine.
Russian President Vladimir Putin already warns in the beginning that any intervention of west countries will be responded with fast and devasting answer to it. This action leaves the, United States of America (USA), United Kingdom (UK), Canada, Australia and all other North Atlantic Treaty Organization (NATO) with fear to further escalate the current situation and that ks why they can only imposed sanctions.
Five days ago, US President Joe Biden imposed another Sanctions to even freeze all the assets of Russian Oligarchs that are close to Russian President Vladimir Putin. In hopes that this time the Russian Oligarchs convince Putin to stop this war.
Many Russians Oligarchs already expresses their thoughts that they are also against this war with Ukraine. All of their assets from, yacht to businesses, properties and company shares are all currently frozen and only relays on cash now. Others are even sending their yachts to countries that US doesn't have rights to seize their assets on that country like the Maldives.
On the first week of the war when the first sanctions were implemented, many Russian Citizens were hassled and some are even stranded in other countries because all of their Banks in Russia are being closed. It was followed with Russia being removed fron SWIFT Banking System which makes all Automatic Teller Machine (ATM) in whole Russia useless.
Does Sanctions Really Works
Sanctions is effective but not just for the sole target of the sanctioned individual or the country, it affects the entire world. But knowing that Russian economy is just 1.2% of the entire economy of the world, Russia being left out of the world isn't gonna affect the entire world economy.
Adding to this, Russia is the supplier of 17% gas in the world, which also makes the worlds economy and the energy department of each country shocked with the ripple soars of oil and gas prices all over the world. Gas alone record its new All Time High in the last fifteen years.
The ripple effect of the sanctions are very hard for normal Russian Citizens because most of the world biggest company in their country stops all its operation on its country which lefts the biggest malls in Russia having ghost bumps vibe.
So for me chill'hustler's, sanctions really works as early in this stages of war but also affects all of us, not just directly because we're not in Ukraine but with the food and supplies from other countries that are vital to our daily necessities.
Crypto Against US Dollar
US Dollar is the world's global currency as of current times because it is the one being favor and believe to that has the stable measure of value. Infact, 90% of the worlds transactions is done with US Dollar and that is why MONEY was being primarily used by the US and its allies to counter Russian Invasion in Ukraine.
As of yesterday, March 12, 2022 to be exact, Russian Ruble plunged to 30% and it is the biggest drop ever. This alone leaves normal Russians facing an almost triple on its daily buying of necessities for survival. Sanctions are already being felt in Russia and many Russians Citizens are out in the street protesting to their president to STOP the WAR NOW..!!!
With Russians Citizens struggling on their finances and daily lives because banks are closed, Google, PayPal, Apple, Samsung Pay, Visa, Mastercard and Netflix are also blocked, more and more Russians today jumps to Bitcoin and cryptocurrency. Wanna know why? It's because Crypto concepts are decentralized and untraceable, which is also being taken by American Government as anti-american currency. The rise of VPN user's in Russia soars to 400% since Google stop their services in the country and also crypto transactions in the area doubles.
Now with the rise of Cryptocurrency and even China launched and releases it own crypto backed token by its government, US Government also having their eyes in having their own crypto government backed token. Its obvious that the US won't let China overtake them in leading the Global Currency game because it has the second biggest economy next to them. So the future of crypto is now being realized by the government and who knows after this war, crypto will rise especially if many will know about Bitcoincash (BCH) and SmartBCH having the lowest fees and fastest transaction confirmations.
The future is bright and promising BCH enthusiast and supporter. Hehe...!!!
Final Thoughts
If the war is happening in the past, I will surely believe that sanctions are effective but this time around with the presence of Cryptocurrency, this on going war and conflict are a one single mistake away of being escalated into World War which is we are not wanting to happen. With both sides not being able to have a peace talk and negotiation, the longer it takes to happen, the more casualties and number of lives rises every seconds of the day.
My thoughts and prayers are always with all those who were killed and left fighting a mighty force in Russian Army and all the lives charged and counted as casualties to this war goes on. May the Kingdom of Heaven open its gate to y'all who were perished in this unfortunate and unwanted WAR.
Again, we all know that there is no WINNER in WAR and only casualties are the results of it. So let's all hope and pray that the two parties finds the vest solution to its current situations chill'hustler's and that everything will be okay the soonest.
Hello there Chill'hustlers!! 🙋🏽♂️ That's it
for today and as always, I'm glad you
reach the end again, thank y'all for
always sharing your day with me, see you
on the next one Chill'hustler's. Have a
chill vibe month of March and stay hopeful
cause better days are comin', Good vibes
always, Jah bless and PEACE ✌️!!! 🙏🙇
Adieux..!!!
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Title : Western Countries Sanctions: How
Cryptocurrency Pose Threat to
US Dollar And Helps Normal
Russians
Author : @Carewind - 77th Article
March 13, 2022 - Sunday, 04:52 PMMy Previous Articles
Kailan ba matatapos ang war ng Ukraine at Russia huhu. Ang rami ng inosenteng nadadamy 😭