US Should Not Use Dollar As A Weapon

U.S. Shouldn't Weaponize the Mighty Dollar - Bloomberg View: "....There is no credible alternative to the dollar because of the size of the U.S. market and because U.S. debt is such a convenient investment instrument. Since the collapse of Bretton Woods, however, the world has lived with a monetary system based in part on goodwill. Here, the dollar is more than U.S. legal tender: It is the embodiment of trust. If the U.S. exploits its ownership prerogatives, other governments may sacrifice convenience to nationalism. For a glimpse of such a future, look to Russia, now aggressively seeking to expand ruble and yuan trade with China, and working slowly, awkwardly, but steadily to hasten the erosion of U.S. monetary dominance."


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