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“All Americans — both those who are well off and those who are near the bottom of the income distribution — are better off now.”

~ Janet Yellen, Secretary of the Federal Reserve(or defense, take your pick)

War costs YOU money, not the government.

That’s why it’s the new non-negotiable.

The US government need not negotiate their salary, they can always pay them so long as you agree the government’s goals are absolutely necessary.

Like the war in Ukraine, for example…

Putin recently slid some peace terms “across the table” to NATO, which NATO quickly rejection.

Moscow basically wants Ukraine to stay out of NATO, and give them sovereignty over five regions. Four of those regions, voted to join Russia in 2022, but…

That’s a non-negotiable.

The Russian Times reports:

Putin names conditions for Ukraine peace talks

“I stress: the entire territory of those regions as defined by their administrative borders at the time they joined Ukraine [in August 1991],” Putin stated.

“Our side will order a ceasefire and start negotiations the minute Kiev declares that it is prepared to take this decision and starts actual withdrawal of troops from those regions, and also formally informs us that it no longer plans to join NATO,” the Russian leader pledged.

Putin outlined the conditions after condemning Kiev’s Western backers for allegedly preventing it from holding peace talks with Moscow while accusing Russia of rejecting negotiations.”

It’s unfortunate, but the peace between Russia and the Ukraine is far from near.

What it has done, however, is persuade the United States to make de-dollarization a non-negotiable.

They’ve decided that less of the world needs dollars.

Yet, the US desperately needs dollars used and spent…

And because of their own sanctions the United States will have less nations wanting dollars.

Here’s what sanctions look like…

The US has basically cut Russia off from the National Settlement Center, a clearing house to settle currency exchange in US dollars.

The Russian Times reports:

“To trade currencies on the Moscow Exchange, banks and other players send ‘buy’ and ‘sell’ bids to the exchange throughout the day. 

These buyers and sellers do not trade with each other directly but rather though the exchange’s clearing house, the National Settlement Center (NSC). 

In the evening, these trades would be settled by the clearing center, which had correspondent accounts in foreign banks for each currency. In other words, currency trading on the exchange involved the participation of foreign banks. 

It was not an enclosed system such as trading in Russian stocks (where the shares of Russian companies are bought and sold in rubles by investors without the involvement of any foreign entity).

It is exactly this ability to clear currency trades that has been taken away by the new sanctions. American correspondent banks will now be barred from carrying out settlements with the NSC.”

And that means less US dollars will be required for circulation.

On the other hand, more US dollars will be needed to pay for mounting US Federal budget deficits as well as interest on sovereign debt.
When asked recently how the US could reduce it’s Federal deficit, our unelected, Secretary of the Federal Reserve, Janet Yellen responded:
 

‘It’s difficult to cut costs… More than half it is defense. It’s really not possible to make cuts there.’

It seems war is the non-negotiable.

Not healthcare programs, or social security, or even LGBTQ+ programs.

War.

That is because the government does not pay for war.

There is no accountability, just the hidden costs which show up around the world, and then back home in the United States.

Here’s my non-negotiable:

Governments, and especially government institutions are for the real prosperity of the people. Not “economists” whom everyone is afraid to question, and which most people feel dumb to negotiate with.

But there is hope,

Powell recently became the first Federal Reserve Chair to admit that the White House might be cooking the books on the jobs report.

The cracks, and the fault lines are becoming undeniable.

And that means, at some point in the near future, the non-negotiables will become the negotiables.

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