The choices of US President T. Biden to expel Russia from the international banking system SWIFT and to block the access of the Russian Central Bank to most of its foreign assets, worth 630 billion, bring disastrous consequences for the dollar. dollars.
The move pushes countries close to Russia and China to replace the dollar as a global reserve currency as they now see it as “unstable” and under the control of the US government.
Republicans attack Biden for dollar
The Republicans had warned Biden that “the only reason the US government can impose international sanctions is the dollar, which is the world reserve currency.”
Republicans are now talking about “global economic shock triggered by Biden’s decision.” Trump’s alter-ego, Tucker Carlson, reveals what’s coming into the global economy.
“No one is opposed to sanctions against Russia. But that is forcing countries to abandon the dollar. Russia began to abandon the dollar from its foreign exchange reserves last summer. The Chinese have noticed this and Beijing is promoting the digital yuan as the most stable currency of the “dollar”.
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