Contrary to years of "Russia! Russia! Russia!", the president-elect seems ready and far more willing than Joe Biden ever was to throttle the Russian economy.
Economic sanctions are an act of war. Weaponizibg the US Dollar through sanctions will only accelerate the move away from the Dollar. If the Dollar is replaced the result will be massive loss of value and nobody will buy US Treasuries, ending the ability of the US Government to borrow new money into existence. Trump's advisors have doomed the American Empire to its final act of folly.
If they could move away from the dollar they already would have. Russia has an economy smaller than Texas. China's non-convertible currency is facing disaster due to its demographic implosion and impending deflationary spiral. Who's left, the Euro?
It's telling that after Trump got elected Putin announced (contra all prior statements) that he has no intention of challenging the dollar.
Economic sanctions are an act of war. Weaponizibg the US Dollar through sanctions will only accelerate the move away from the Dollar. If the Dollar is replaced the result will be massive loss of value and nobody will buy US Treasuries, ending the ability of the US Government to borrow new money into existence. Trump's advisors have doomed the American Empire to its final act of folly.
"The rumors of my death have been greatly exaggerated." - The U.S. Dollar
If they could move away from the dollar they already would have. Russia has an economy smaller than Texas. China's non-convertible currency is facing disaster due to its demographic implosion and impending deflationary spiral. Who's left, the Euro?
It's telling that after Trump got elected Putin announced (contra all prior statements) that he has no intention of challenging the dollar.