..............to bad Joe didn't listen to him.
Even our allies are selling Treasuries at an increasing pace because they don't want to hold assets that can be frozen or even confiscated by any US administration now or in the future. The world reserve currency status that we have enjoyed since Bretton Woods in 1945 is increasingly on life support as the BRICS+ countries as well as Japan, France and other of our 'allies' reduce dollar holdings significantly.
The weaponization of the Dollar will go down in history as one of the worst decisions ever made by a US Administration (along with our Open Borders Policy). The Dollar was of course in danger of course because of our profligate spending and trillion+ dollar deficits but this is the straw that is breaking the camel's back. We will eventually pay for these mistakes with the cruelest tax of all....massive inflation.
Link: https://www.zerohedge.com/markets/more-golden-and-black-gold-proof-dollar-totally-screwed
true. Our sanctions drove Russia to ally with China and the BRICs and it's doing fine. DFH, Curly, Chris, have been saying for over a year that Russia is on life support. I'm still waiting for its collapse and not holdiing my breath.
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Most of us now recognize them as serious threats.
You will disagree but my feeling is that Trump will not put us with their aggression any more than he did with XI when he bombed Syria while serving dessert and droned Soleimani.
Link: https://www.youtube.com/watch?v=9TyxxLHfBwE