3 ms·
Wonder how far the US is ready to go to keep that tool functioning. Will we soon see it sabotage the EUR ? USD is such a fundamental leverage for the us diplom
by bsaul 3y ago
Wonder how far the US is ready to go to keep that tool functioning. Will we soon see it sabotage the EUR ?
USD is such a fundamental leverage for the us diplomacy, i don’t think they’ll let it go without a fight. The end of USD hegemony would also probably mean the greatest economy crash since the 1920s…
- PKop 3y agoSoon? It's already been happening. This a main thrust of opposition to Nord Stream, as the Euro was essentially a "petro"-Euro for cheap Russian gas that Europeans had control of. Also, Saddam Hussein switched to the Euro for his oil exports in 2000. Then later the US invaded and switched it back to the $. Low-key maneuvering against the Euro has been ongoing for years.