In the currency playground, the United States is the world’s biggest bully. With the world’s reserve currency Uncle Sam doesn’t use the dollar for diplomacy but for destruction. Responding to Russia’s attack on Ukraine in 2022, the U.S. “responded with an extraordinary amount of sanctions and cutting off Russia from the dollar-based system in almost every way imaginable,” Bloomberg’s Joe Weisenthal said on the Odd Lots podcast.It was Woodrow Wilson’s theory that sanctions are a “peaceful, silent, deadly remedy” against recalcitrant foreigners that replace the “need for force.” But, as Justin Raimondo explained “the slow death of economic strangulation can so degrade an entire people that they are reduced to a pre-civilizational state, modern savages living at a subsistence level.”China
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