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The US has done virtually everything it can for nearly two generations to preserve the dominance of the USD as the global reserve currency - going as far as lau
by trafficante 4y ago
The US has done virtually everything it can for nearly two generations to preserve the dominance of the USD as the global reserve currency - going as far as launching coups and troops-on-the-ground campaigns.
I think that’s what I find most alarming about this Ukraine thing (discounting nuclear escalation, of course). Weaponizing the reserve currency against Russia was obviously going to have this effect, so why in the world did they score such an obvious own-goal against one of the key pillars of American Empire which has been maintained at nearly all costs since WWII?
Incompetence is the obvious answer but is a bit too pithy for my liking. Maintaining the reserve currency has been an undisputed priority across party lines for my entire life and publicly weaponizing it against Russia for little gain (even in the best case scenario) simply doesn’t make sense to me.
- aaaaaaaaata 4y agoIt's the only viable weapon (in the court of public opinion) in the current political landscape.