Yeah imagine that. You steal other countries reserves that are in your banks and suddenly everyone is really mad at your “world reserve currency”
(Iran, Russia, etc)
https://www.reuters.com/world/world-court-rule-iran-us-frozen-assets-claim-2023-03-30/
The ruling class of today have completely blown up the hegemony that their predecessors built over decades, in the span of a couple years with incredibly stupid schemes that have backfired.
2 of the major factors that held up dollar hegemony were the US military threatening to blow you up and the modern industrial manufacturing built by and after WW2.
To make a quick buck the manufacturing was outsourced. To make a second quick buck military spending was increasingly shunted towards high tech wonder weapons while cutting other more conventional spending.
Well, now people that needed dollars to buy American goods can just make the goods themselves or buy them directly from other countries. One of the reasons Chinese chip manufacturing has a bunch of NATSEC ghouls freaking out: chips were one of the bleeding edge things the USA still made and could control.
The failures of the occupations of Iraq and Afghanistan, and more lately Prosperity Guardian in Yemen are proving that the effectiveness of the US military isn’t quite what they had feared all those years.
Quite a situation to find yourself in when your sole reaction to anything you dislike is to go Big Dicking around the globe.
Old Yellen
Cheering as the beast bleeds out.
They’ve betrayed the founding principle of the west (no matter what, rich people’s money will be safe).
