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Isn't it far more important to ensure that they can't use dollars, than avoiding giving them more? They already have dollar reserves. If we can make dollars wo
by mortehu 5y ago
Isn't it far more important to ensure that they can't use dollars, than avoiding giving them more? They already have dollar reserves.
If we can make dollars worthless for them, they will have given us the gas for free from their perspective.
- sangnoir 5y ago> Isn't it far more important to ensure that they can't use dollars... It's in America's National Interest to maximize the usage of dollar reserves. Denying China the use of dollars would have a (relatively small) detrimental direct effect, and will set a precedent and likely accelerate the popularity of other reserve currencies.
- eptcyka 5y agoThat's like using high-velocity lead to remove an ingrown nail.
- mortehu 5y agoMany sanctions so far are limiting Russia's ability to use money (in exchange for securities, other currencies, goods or services). I am only proposing that we proceed along the current path. As an example, denying them imports is reducing the value of their dollars.