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That would take the USD falling from world currency reserve status - which would be the end of modern finance. That kind of economic collapse would make sancti
by koheripbal 6y ago
That would take the USD falling from world currency reserve status - which would be the end of modern finance. That kind of economic collapse would make sanctions irrelevant.
- dannyw 6y agoThat’s hyperbole. The USD has been losing its power as a reserve currency, continuously, for the past several decades. See: Yuan. Modern finance still exists.
- chii 6y agotell me who wants to hold yuan as a currency (not just a little bit for liquidity of trading), instead of holding USD.
- sudosysgen 6y agoThe hundreds of millions sanctioned by the US are a good start.
- lebuffon 6y agoNot so much now perhaps but a digital Yuan exists. Where that is headed is not clear but it has the possibility of disrupting the current order.