Posted on June 9, 2022 Mike Whitney Unz Review “The ferocity of the confrontation in Ukraine shows that we’re talking about much more than the fate of the regime in Kiev. The architecture of the entire world order is at stake.” Sergei Naryshkin, Director of Foreign Intelligence
Jun 10, 2022·edited Jun 10, 2022Liked by Stuart Bramhall
Not to be picayune but shouldn't "substituted for" in the following be "substituted by"?
"Now– due to the economic sanctions on Russia– an entirely new order is emerging in which the dollar will be substituted for national currencies (processed through an independent financial settlement system) in bilateral trade deals until– later this year– Russia launches an exchange-traded commodities-backed currency that will be used by trading partners in Asia and Africa."
Not to be picayune but shouldn't "substituted for" in the following be "substituted by"?
"Now– due to the economic sanctions on Russia– an entirely new order is emerging in which the dollar will be substituted for national currencies (processed through an independent financial settlement system) in bilateral trade deals until– later this year– Russia launches an exchange-traded commodities-backed currency that will be used by trading partners in Asia and Africa."
I think you're probably right.