Were the above and other countries to indeed find a means to avoid the dollar in trade entirely, this would imply a severe reduction in the dollar’s global monetary role. Could the weaponisation of the dollar have, in fact, been counterproductive? Imagine Messrs Putin, Xi, Modi and Erdoğan channelling Napoleon (as discussed in yesterday’s edition of Fortune & Freedom): “Never interrupt the Americans when they are making a mistake!”
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This article from Nigel Farage was also shared on ZeroHedge:
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