Quote:
Originally Posted by RainMaker
Genuinely curious how the left is destroying the dollar. I don't think they've controlled monetary policy in over 100 years.
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I think the sanctions on Russia woke up a whole bunch of nations. They weaponised the dollar. Huge mistake. Now everyone knows if they cross the U.S. they could be financially punished. That is why so many countries are moving away from the dollar in the last few months.
I am not against trying to make life hard for Russia bit just a flat out dumb move IMO. This lit a fire under the ass of many nations who are at odds with the U.S. No idea what direction they take, it could be the Yuan or Bitcoin. My guess something new. But they know they need to get away from the dollar ASAP now.