(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsEverything Apple Plans to Show at WWDC: XR Headset, iOS 17 and MoreBrazil and China recently struck a deal to settle trade in the

(Bloomberg) – All around the world, a backlash is brewing against the hegemony of the US dollar.

  • Korkki@lemmy.worldOPEnglish
    63·
    2 years ago

    Or they see that US has a economical nuclear bomb in the dollar and it’s increasingly more reckless in it’s use and they naturally want to isolate their economies from the fate that Washington just decides that they are not “free”, “democratic” or somehow against US interest and decide to unilaterally sanction them and keep wrecking their economy until US demands are met. You do know that third of world’s countries are under some sort of US sanctions and very few of them were or are on war footing towards anybody. World wants out of the dollar because US is no longer seen as reliable.

    • Nine@programming.devEnglish
      63·
      2 years ago

      All of these countries are either failed democracies or dictatorships. Not sure where you are from, but it’s in my interest that democracy remains strong. If that means sanctioning non-democratic countries when they want to undermine democracies, then so be it.