Much news recently suggests that Russia, China and the EU intend to cut out the USA Dollar from their trading. ( Especially Russian media outlets )
I am not sure what language to use and am ignorant of this topic, but I ask the board their thoughts on what happens when the USA currency is no longer used as a benchmark etc...
It occurs to me that the present USA Administration has over used it's international economic "power" and could be accused of unconscionable conduct thus abuse of that power. By over using economic sanctions to extort results etc...leading to nations basically deciding to work towards removing any dependency on USA currency as a push back against what could be seen as over reach by the Trump administration, intending to isolate/insulate/quarantine what may be considered as a rogue USA.
Has Trump gone too far?
care to discuss...
I am not sure what language to use and am ignorant of this topic, but I ask the board their thoughts on what happens when the USA currency is no longer used as a benchmark etc...
It occurs to me that the present USA Administration has over used it's international economic "power" and could be accused of unconscionable conduct thus abuse of that power. By over using economic sanctions to extort results etc...leading to nations basically deciding to work towards removing any dependency on USA currency as a push back against what could be seen as over reach by the Trump administration, intending to isolate/insulate/quarantine what may be considered as a rogue USA.
Has Trump gone too far?
care to discuss...