Riyadh denied the Bloomberg report, saying it did not threaten to sell euro and French bonds as a way to influence the G7 into not seizing $280 billion of Russia’s frozen assets.
Money is not true value, currency is a placeholder for true value that is used to facilitate trade. Rich people are worth less than the profits they extract from coordinating labor. But they extract enough to think they’re still better than those they exploit.
Money is not true value, currency is a placeholder for true value that is used to facilitate trade. Rich people are worth less than the profits they extract from coordinating labor. But they extract enough to think they’re still better than those they exploit.