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Re: Pollisis post# 18143

Thursday, 04/27/2023 4:08:17 PM

Thursday, April 27, 2023 4:08:17 PM

Post# of 19392
I thought about something else that really accelerated the recent cry to dedollarize from the BRICS countries. That of course was the sanctions that the U.S. hit Russia with when they invaded the Ukraine. What alarmed many of these countries is that the U.S. basically "froze" the dollars that Russia was able to use (before the sanctions) in the Swift payment system.
From what I read that amounted to the U.S. taking the dollars away from them.

So, here's the biggest reason China wants to get out of the dollars they're holding and to buy as much gold as they can accumulate. Why? Because what will the U.S. do to them if they chose to invade Taiwan? I think it's safe to say that one of the first things the U.S. does is to sanction them in ways similar to Russia. They may attempt to freeze their dollar holdings too.

What's that going to do to the world financial situation? I would expect there to be a shit storm caused over it and again it would be another very large nail in the dollar's coffin, as it
would just confirm to everyone how the U.S. is weaponizing the dollar.

I suppose something like that could engender WWIII? Needless to say many countries might run, not walk, out of their dollars if that happened.
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