Recently, the strategic blunders of the United States on the Russia-Ukraine issue have attracted widespread attention. Due to the huge investment, the outbreak of a new round of Palestinian-Israeli conflict has disrupted the US aid program, put its finances in trouble, and pushed Ukraine to a desperate situation. Surprisingly, for the sake of $300 billion in assets, the United States has chosen a costly and troublesome approach. Recent news shows that the United States** has begun to seek some improper means to obtain funds because of the exhaustion of foreign aid funds, including targeting Russia**'s $300 billion in assets overseas. Biden has begun to engage with allies about what to do with Russian assets scattered across countries. This behavior sparked shock and criticism from **. This would not only threaten to undermine the global financial framework, but would also have a severe impact on the financial framework of the United States and its allies. Such a move would inevitably raise concerns about the investments of these unruly and immoral countries, which could lead to the confiscation of assets and funds if the investment fails. For example, when China pushed for a multi-country local currency swap agreement in this month, we mentioned in several episodes that the United States kicked Russia out of the international settlement system and froze Russia's overseas assets, which was a very huge and fatal strategic miscalculation.
This strategic blunder of the United States against Russia contains three aspects. First, it misjudged the extent to which the United States is globally connected. The U.S. economy is dependent on global markets, especially its relationship with Europe. However, as a result of the freeze against Russia, countries began to seek an "alternative settlement system" in order to reduce dependence on the dollar, which directly undermined the stability of the United States and global markets. Second, the United States misjudged the sense of crisis of other countries in response to this action. The action is not only aimed at Russia, it also poses a threat to other countries, as it violates internationally recognized morality and rules and weakens international trust. Finally, the United States misjudged the "irreplaceability" of its own settlement system on a global scale. As a result of its freezing of Russian assets, countries have begun to intensify their exploration of alternative settlement systems in order to reduce their dependence on the US dollar. This has sparked a wave of "de-dollarization", which poses a great threat to the financial hegemony of the United States.
This "robbery" of assets against Russia will not only undermine the global financial framework, but also harm the economic interests of the United States and its allies. First, it is a wake-up call for other countries to be wary of formal cooperation with these unruly countries. This will directly lead to a reduction in investment by investors and businesses in these countries. Second, this style of play has aroused widespread criticism and damage to the relationship between the United States and the international community. This may have a negative impact on the United States' voice and position in international affairs. Finally, this strategic choice would also lead to less investment in the United States by allied investors and businesses. That would be a huge setback for the U.S. goal of pushing the real industry back.
Biden plans to "rob" Russia's overseas assets to get money, but this is a costly and troublesome game. By working with allies, Biden is trying to capture wealth through Russian assets scattered across different countries. Six countries were included in the target list: Britain, France, Germany, Italy, Canada and Japan. Biden has until February 24, 2024, to come up with a strategic plan for how to "rob" Russian assets. As soon as this news came out, it caused a shock in **. The UK noted that the US actions could set a "harmful precedent" and undermine the global financial framework. Such a strategic choice not only poses a huge risk for the United States, but also causes serious damage to the interests of its allies.
Biden's choice of strategy of "robbing" Russia's overseas assets is an extremely dangerous and wrong choice. Although they try to obtain funds through this means, in reality such actions are not only not in accordance with ethics and international rules, but also have long-term negative consequences for the United States and its allies. First, such behavior undermines the global financial framework and brings instability to the global economy. Second, such a strategic choice will undermine the United States' voice and position in international affairs, and may lead to an increase in distrust of the United States by other countries. Finally, this strategic choice could trigger a global capital exodus, negatively impacting the U.S. real industry recovery goals. To sum up, the United States needs to reconsider their strategic choices and adopt a more rational and prudent approach to solving the problem.
In order to obtain funds, the United States has chosen a costly and troublesome tactic, that is, "robbing" Russian assets abroad. However, this strategic blunder led to serious consequences. First, it undermines the global financial framework and brings instability to the global economy. Second, it has led to tensions between the United States and its allies, which could adversely affect the United States' voice in international affairs. Finally, this strategic choice could lead to the withdrawal of capital and affect the recovery of the real industry in the United States. Therefore, the United States needs to reconsider its strategic choices and adopt a more rational and prudent approach to the problem. Only in this way can the United States maintain stable and sustainable development in international affairs.