Not only will Joe Biden's sanctions not affect Russia, but they're also going to DESTROY our country. We explain why. Also, Florida's "Don't Say Gay" bill doesn't say gay. Joy Reid thinks you're racist for caring about the Ukrainian people. And because Biden hasn't ruined enough things, he's going after crypto.

How Sanctioning Russia Will RUIN America | Louder with Crowderwww.youtube.com

JOY REID SAID YOU’RE RACIST AGAIN

• Joy Reid knows why people care so much about the war in Ukraine. It’s because they’re racist!!! SOURCE: Twitter
• Reid’s comments are quite similar to what Trevor Noah had to say about Ukraine last week. SOURCE: YouTube
• People care about Ukraine because the impact on Western society is massive.
  • Largest military action in the Western world since WW2
  • Europe has been relatively peaceful for the last 70 years; the Middle East has been at war forever.

BIDEN CRYPTO

• Former Vice President Biden will sign an executive order TODAY in a “Whole-of-Government” push to regulate Cryptocurrencies. SOURCE: Whitehouse.gov
  • 40M American adults traded in Crypto last year.
• CLAIM: But the order as written is a response to Russian aggression. SOURCE: WSJ.
  • “Cryptocurrencies may undercut U.S. sanctions and efforts to fight money-laundering, a senior administration official said. [...] concerns have been heightened as the U.S. has leveled sanctions on Russia in response to its invasion of Ukraine.”
  • TRUTH: The November 2021 report from the President’s “Working Group on Financial Markets” shows that this was in the works LONG before the invasion. SOURCE: DeptOfTreasury.
• CLAIM: This order will help “Protect U.S. and Global Financial Stability.” SOURCE: Whitehouse.gov.
  • TRUTH: This is ACTUALLY about increasing revenue from digital assets, passed last November in the Infrastructure Bill. SOURCE: TIME
    • “[The Law] will require brokers — aka cryptocurrency exchanges [...] to notify the IRS directly of crypto transactions.”

DON’T SAY GAY

• Florida Bill H1557--or as the left calls it, the “Don’t Say Gay Bill”--passed the Florida Senate yesterday and is on its way to Governor Desantis’ desk. SOURCE: CBS
  • Mark Hamill even tweeted, SOURCE: Twitter
    • “gay gay gay gay gay gay gay gay [...] gay gay gay gay gay gay gay gay gay *rainbow emoji*”
  • The media leaves out key details of the bill like: SOURCE: FloridaSenate.gov
    • “Classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age appropriate or developmentally appropriate”
  • Here’s Ron DeSantis setting the record straight. SOURCE: Twitter

DESTROYING THE DOLLAR AND OUR ALLIES

Destroying the dominance of the dollar.

• Have you ever wondered why the US can afford to take out huge amounts of debt or why it’s so cheap for Americans to buy foreign products?
  • The short answer is because of the dollar’s status as the world’s reserve currency.
• As of 2020, about 59% of central bank reserves around the world are held in USD. SOURCE: Investopedia
  • Basically, the dollar dominates international finance. SOURCE: ForeignAffairs
  • This is why US sanctions hurt.
• When the US sanctions Russia economically, it pushes them to use someone else’s currency.
  • Who might that be? SOURCE: ForeignAffairs
    • “Biden’s flexing of American economic muscle will only embolden Russia and other U.S. rivals, notably China, to deprive the United States of the very power that makes sanctions so devastating.”
    • “Russia and China will expedite initiatives to ‘de-dollarize’ their economies, building alternative financial institutions and structures that both protect themselves from sanctions and threaten the U.S. dollar’s status as the world’s dominant currency.”
• Last week, we reported Visa and Mastercard suspended operations in Russia.
• Well, Russia will now issue cards with UnionPay, the Chinese state-owned payment system. SOURCE: Newsweek

Destroying our allies.

• It’s not just Russia and China, India also fears the US might use similar economic measures against them. SOURCE: TimesofIndia
  • No way the Biden administration would do anything stupid like sanction India.
  • Oh… they’re actually considering doing that right now. SOURCE: Reuters
• India HATES China
  • They bought a missile defense system from Russia, largely to protect against China.
• Now, China is praying the US sanctions India, so they can swoop in. SOURCE: Xinhua
  • On Sunday, Foreign Minister Wang Yi said:
    • “China, India should be partners rather than adversaries”
• India is a major partner the US needs to hedge against China in the Pacific.
  • They are part of the “anti-Chinese” collective called the QUAD along with the US, Japan, and Australia.
• If more countries follow, what does it mean for you?
  • Increased inflation
  • High interest rates
  • Our debts are called in
  • Weaken the dollar’s power in international trade
  • Weaker American world standing
• The combined population of Russia, China, and India is about 2.9 Billion.
  • If these three countries move away from the dollar as their main reserve currency, it would increase interest rates and inflation in the US and make it much more difficult for the US government to fund itself.

MISC.

• Stephen Colbert said he’s willing to pay $15/gallon if it means holding Putin accountable. SOURCE: Twitter

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