And Then There Was None

Doc7505

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To Avoid Sanctions, Countries Are Ditching The US Dollar

11 Aug 2022 ~~ By Micaela Burrow

  • Countries are attempting to divest from the U.S. dollar as sanctions dig into Russian and Iranian economies, with the yuan, ruble and other currencies emerging as alternatives.
  • Russia has found new buyers for its coal and petroleum exports in non-dollar denominated currencies, keeping its economy afloat despite sanctions.
  • “The current round of turbulence is likely to increase interest” and “momentum in the creation of a rival reserve currency or currencies to help supplant the oversized role of the dollar,” Anthony Kim, a research fellow at the Heritage Foundation, told the Daily Caller News Foundation.

U.S. dollar hegemony is not going away any time soon, Kim told the DCNF. “The bottom line is that with all of its … alleged or real downsides, the U.S. dollar has proved its resilience” and “credibility over time.”
The Russian, Chinese and Iranian foreign ministries did not immediately respond to the DCNF’s requests for comment.



Commentary:
Under the undaunting leadership of our 46th president and his Progressive Maoist/DSA Commie Democrats, America is devolving into a third world power,
Joe's decisions from day one have been to hurt America and it citizens by make poorly advised moves. Whether it was closing the Keystone Pipeline, surrendering to the Taliban or goading Outin into a war with the Ukraine, each move has been calculated to destroy America's prestige on the world stage, including the appearance of being weak. All this leads to the undermining of the U.S. dollar.

Mod Note: Edited title to avoid all caps. Doc7505 This one's free. LOL
 
Last edited by a moderator:
It sucks that horrible people seem to control the bulk of the world's energy supply. How much should we appease these monstrous regimes merely for the sake of getting the traditional petro-dollar discount on their crude?
 

To Avoid Sanctions, Countries Are Ditching The US Dollar

11 Aug 2022 ~~ By Micaela Burrow

  • Countries are attempting to divest from the U.S. dollar as sanctions dig into Russian and Iranian economies, with the yuan, ruble and other currencies emerging as alternatives.
  • Russia has found new buyers for its coal and petroleum exports in non-dollar denominated currencies, keeping its economy afloat despite sanctions.
  • “The current round of turbulence is likely to increase interest” and “momentum in the creation of a rival reserve currency or currencies to help supplant the oversized role of the dollar,” Anthony Kim, a research fellow at the Heritage Foundation, told the Daily Caller News Foundation.

U.S. dollar hegemony is not going away any time soon, Kim told the DCNF. “The bottom line is that with all of its … alleged or real downsides, the U.S. dollar has proved its resilience” and “credibility over time.”
The Russian, Chinese and Iranian foreign ministries did not immediately respond to the DCNF’s requests for comment.



Commentary:
Under the undaunting leadership of our 46th president and his Progressive Maoist/DSA Commie Democrats, America is devolving into a third world power,
Joe's decisions from day one have been to hurt America and it citizens by make poorly advised moves. Whether it was closing the Keystone Pipeline, surrendering to the Taliban or goading Outin into a war with the Ukraine, each move has been calculated to destroy America's prestige on the world stage, including the appearance of being weak. All this leads to the undermining of the U.S. dollar.

Stop using these overused "progressive/Maoist" far left/far right terminologies. The Democratic party is simply sold out to globalist business groups who want to assimilate America into their empire as the biggest, greatest, and most useful trophy ever...after China.
 
It sucks that horrible people seem to control the bulk of the world's energy supply. How much should we appease these monstrous regimes merely for the sake of getting the traditional petro-dollar discount on their crude?
Murica controls enough of the energy supply to make it cheap for everyone across the globe....Why are you fascists asswagons against cheap energy?
 

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