3 claims in “economics, international relations”
Bianco acknowledges that the restructuring plan has significant downside risk if it fractures the world order, leading to tariff wars, defensive trade policies, and economic deterioration, but argues this is still preferable to the status quo which cannot hold
Developing an alternative to the US dollar system is hard and takes a long time; gold serves as the neutral reserve asset that currencies and nations are weaponized, making gold the default alternative; central banks have been accumulating gold, and a Shanghai physical gold exchange window has disrupted gold markets
In February 2024, Japan and Ukraine negotiated a bilateral tax treaty that prevents double taxation of companies and individuals, removing a barrier for Japanese investors to pour money into Ukraine during the conflict.