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The article from Bloomberg states the US dollar is "inaccurately" portrayed as “becoming a risky instrument in international settlements” I think this is partl
by nimbius 8y ago
The article from Bloomberg states the US dollar is "inaccurately" portrayed as “becoming a risky instrument in international settlements” I think this is partly true.
- US Dollars are the first thing frozen by US Banks in an RIAA/MPAA dispute. that such a small lobby has such a critical control over a world currency is shocking.
- Arbitrary domestic political pandering can, and has, frozen a number of assets for countries with literally no other enemy but the US
- We can and do deny credit processing and financial transactions using broad-stroke legislation without real due process (wikileaks) other than a senator suggesting we should.
- Republicans shut down the US Government four times under the last president. our credit rating was lowered and government debts could not be serviced. the only thing that was immediately resolved was most airlines abilities to ferry senators home for the weekend.
- wang_li 8y ago>- Republicans shut down the US Government four times under the last president. our credit rating was lowered and government debts could not be serviced. the only thing that was immediately resolved was most airlines abilities to ferry senators home for the weekend. The shutdowns during Obama's term as just as much the Democrats fault as the Republicans. Regardless, the US paid its debt. There have only been two federal defaults, one in 1790 and one in 1933.
- akimball 8y ago1861 and 1979.