“Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for #Ukraine’s long-term reconstruction.” https://apnews.com/article/yellen-russia-ukraine-war-central-bank-finance-85e080fd78e9d37951e1e7dcd58fdc87
@GottaLaff - take your time, Janet, take your time. It's not like people in Ukraine are suffering or anything.
@johncarlosbaez @GottaLaff 2/3 of the assets are in the EU and Congress needs to act on the other 1/3
@GottaLaff Brilliant idea!
@GottaLaff Tricky, the dollar is the worlds reserve currency. We tell other nations it's safe to invest in dollar backed assets Confiscating a nation's dollar backed assets seems counter to that narrative and could lead to the further decline of the dollar if countries start pulling out.
It simply is the right thing to do. The Russian aggressors should not get away with their destruction and war crimes. Payback time.