effectively been the currency of the world for our entire lifetimes. there was virtually no place in the entire globe you could go that would turn down a 20. andrew jackson s face beside the famous seal of the u.s.as treasury was probably america s best known expor best. from dar es to sri lankapost in to the smallest gold mining outpost, the amazon basin. every shopkeeper on earthco recognizgnizede a twenty dollar bill . the dollar wa.s universal and not just universal.ct inio commerce, though,ns tha the majority of international wered iny held ae conducte dollars, but universally held as a long term store of value. globally, the world s central bank stockpiled us dollars far more than any other currency. now,e ot most americans may not have known that or they did,wary but it doesn t matter what goo they knew. it it wasd very good fore arr everyone who lives here because there were so many us dollars cu in circulation outside ofborrow the country. the cost of borrowi
happened. quote, a critical feature ofical a reserve currency is its apal nature, which biden is now gutting after both parties inthf washington destroyed the dollar s stability with inflation. now, the bush administrationlawh has chosen to wield the dollar as a weapon to gather theseuld two factors, send a message to foreigners, which is they should get out while they still can in response to russia s waro with ukraine. centra u.s. froze the dollar reserves of russia s central bank. to be clear , these were nots. american assets. these were dollars owned by the russian central bank and the russian peoplen people. the seizure was intendeded t to cause bank runs and collapsem russia s credit system. it didn t work. did willead, it exposed the bush administration s willingness to violate the trillions of ions oforeignerdollars that fors rightfully own. the danger of this precedent is difficult to overstate and quote now all of you saw that happening, but youny couldn t say anything b