Trust is the foundation of lending and banking, and nobody trusts the U.S. and other Western governments with their money anymore, and for good reason. From Eve Ottenberg at counterpunch.org:
Frans Hogenberg – Geheugen van Nederland – Public Domain
With the explanation that it had to punish Russia for its war in Ukraine, the west stole over $300 billion of Moscow’s money. With the explanation that 9-11 families deserved compensation, the U.S. stole $7 billion from Afghanistan (oh no, it had nothing to do with revenge for losing the war, how could you even think such a thing?) With the explanation that, well, it just didn’t like Venezuela, the U.K., or rather the Bank of England, stole roughly $2 billion of that country’s gold.
See a pattern? Leave your nation’s money in a western bank, and it might not be yours for very long, especially if you in any way bother western politicos, like having an economic system they disapprove of, or sending them packing when they invade your country, or telling NATO where to get off when it threatens to absorb a neighboring nation and plant missiles there. In this last instance, it would have been far better had Moscow waged economic war on NATO countries, instead of an actual war on Kiev. But as it happened, Ukraine got clobbered militarily and dreadfully, and the west launched an economic blitzkrieg on Moscow, accidentally firing all its financial missiles at itself.
STRAIGHT LINE LOGIC 