We're caught in between two realities at the moment, one in which the world treat's $USD as a stable and fundamentally sound currency with which all parties are comfortable completing transactions(if not treating it with a massive preference above other sovereign currencies), and one in which the dollar is dead, doomed to the crypt of dead currency. We were already on a collision course for the demise of the $USD, the events that have occurred over the past 2 weeks have only hastened it. The world now knows beyond a shadow of a doubt that the entire American empire is built upon the dollar, and its ability to be used as a weapon, by drawing the ire of Globohomo Russia has displayed to every other country that the dollar is nothing more than a tool by which America enslaves other nations. Sanctions mean nothing(especially when you're still buying energy from them lmao) effectively the west has shot themselves in the foot by exposing the last and final trump card they had to play; seemingly few countries outside of Europe and North America are eager to jump onto the sanctions bandwagon, leaving huge portions of the globe open for business with the Russians who have widely sought after commodities for sale. Any of the normal sperging about GDP, the stock market, etc is meaningless at this point because we don't live in the world we once did, we just have to wait for everyone else to catch up.
Both the Macro and Micro economics of the world will change drastically because of the events in ukraine, it will just take some time for it to occur. Really to me Ukraine isn't that important of an event, its the response of western nations and the course they've chosen that is of key importance. Even if Russia lost the war in Ukraine the cats already out of the bag, and we already have nations refusing to comply with demand for sanctions.
