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If the 21st Century Peace through Strength Act, which would empower the US executive branch to seize and transfer frozen Russian assets held in the country to Ukraine, ultimately becomes law and goes into effect, it will set a disastrous precedent against the existing international financial order.
The world s gold market is experiencing an unprecedented surge as prices soar to record highs, propelled by increasing bets for US monetary easing and gold s appeal as a safe haven asset. The frenzy in safe haven assets reflects rising uncertainty in the global market and anxiety shared by investors. Such worries should by no means be underestimated.
The awkwardness of AUKUS is surfacing. It is not workable on so many levels. Relevant parties’ calculations and internal divisions may at the end of the day lead to an acceleration of the sinking of AUKUS.