Philip Patrick

Listen, a world run by Putin or the Chinese is a frightening proposition for us in the West.

But listen, if you're Russian, it doesn't make sense for you to hold dollars anymore.

If you're Chinese, it's making less and less and less sense.

The reality is we forced their hands, and now they're capitalizing.

The answer is absolutely yes.

And we're seeing it.

Gold is hitting record high after record high after record high.

And the reality is this.

It didn't achieve anything.

Didn't stop Russia invading Ukraine.

It didn't stop them continuing the invasion.

Right.

It didn't really affect their economy very negatively.

It just forced them to create new trade partnerships with India and China to move Russian Russian gas.

If Russia were not fighting a war today, their economy would be thriving.

So not only did it incentivize the world to move off the dollar, it didn't achieve anything.

It was a foolish move.

Had we saved that silver bullet, waited for the Chinese to mobilize at the South China Sea, that would have been much more effective, but we didn't do it.

So not only did we do something that wasn't effective, that has affected us significantly, we also lost our silver bullet.

I mean, it was an unmitigated disaster.