My years of swimming among the sharks of the financial world I was given many lessons by generous or ruthless mentors....one thing they counseled, don't start a war you cannot finish. Don't ask a question you do not know the answer to, don't underestimate your adversary....

That is exactly what the Biden administration did in Ukraine. The outcome of their foolish foreign adventure is that now there is a financial alliance of the BRICS that are aligned against us and we are in a box. I hope our goose isn't cooked. We are the ones who must have regime change, not Russia's regime change.

Tim adds:

The petro dollar - the name alone tells us why we are in trouble. This Administration is supremely hostile to petroleum in all it's forms, and has done it's level best to kill the primary source of energy that drives our economy. What does that mean? It means we are trying to kill our own petroleum based currency! This is no idol issue; the Biden war on petroleum products has driven the prices way up, which in turn empowered those who had lots of oil - meaning Russia, among others. Russia's funding for this war comes entirely because they are flush with windfall profits from the big spike in oil prices. If prices had dropped back to Trump-era levels Putin would long ago have run out of cash to finance the war. At the same time everyone who wants Russian oil is willing to trade with the Russians and ignore the boycott - and this only strengthened BRIX, driving the non-aligned nations into the pro-Russian camp. And the decline of the dollar, due to a massive upsurge in currency via the Federal Reserve, is losing out as the world's reserve currency. OF COURSE when we are attacking the very thing that backs taht currency. The Feds increased the M2 supply entirely because of overspending by the Biden Administration. So America is bleeding money like a stuck pig and the rest of the word - not so enamoured of the Green New Deal and "decarbonization" are happy to buy Russian oil and trade with Russia and China instead of an increasingly impoverished and overbearing America.