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I get it's like the freezing of ~40% of Russia's foreign reserves the US announced. So still the property of their owners - not seized - but cannot be moved eit
by throwawayay02 5y ago
I get it's like the freezing of ~40% of Russia's foreign reserves the US announced. So still the property of their owners - not seized - but cannot be moved either.
- londons_explore 5y agoThis is seizure in all but name. By 'freezing' US dollars indefinitely, you effectively take them out of circulation, allowing you to print the same number of new dollars for yourself without causing inflation.