President Donald Trump says he’s pulling back on his threats to widen attacks in Iran to include an array of bridges, power plants and other civilian targets, subject to Iran agreeing to a two week ceasefire and reopening of the Strait of Hormuz.
How can they sanction us when global finance still overwhelmingly depends on the dollar though?
The world has been gradually de-dollarizing for over a decade now. USD held as global currency reserves has fallen from 70% to 40%. BRICS nations are implementing their own payment systems based on the renminbi, and the eurozone obviously can operate independently already.
A lot of global value is tied up in US investment systems, sure. But a nuke drop would make that value not very valuable anymore. It would suck and the world would be stuck in another great depression, but the rest of the world has plenty of functional financial systems to keep moving on.
The world has been gradually de-dollarizing for over a decade now. USD held as global currency reserves has fallen from 70% to 40%. BRICS nations are implementing their own payment systems based on the renminbi, and the eurozone obviously can operate independently already.
A lot of global value is tied up in US investment systems, sure. But a nuke drop would make that value not very valuable anymore. It would suck and the world would be stuck in another great depression, but the rest of the world has plenty of functional financial systems to keep moving on.