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I couldn't possibly have any less sympathy for Russian oligarchs so this is no defense of theirs in anyway but I think that the asset seizures was the beginning of the end of the U.S. dollar empire. The system has to be neutral or participants will look for another system. In a sense, the US defaulted on its obligations when it picked sides and punished the side it didn't like. That will have consequences.

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Great interview, Chris. I love your work.

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