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
the russian ruble in a singley. day. hurray. good for us .stop cel but onceeb we stopped celebratig our win, the destruction of the russian economy, they deserve it. have to re, is thectory? downside to this? could it be a pyrrhic victory? let s see. cies h these policiesav have driven russia, china, india, turkey and other countries to accelerate their flight from u.s.the u.s.. ty of th now, to be clear , that s the majority of the global economy. b this may be the most recklessess and destructive thing any american president has ever done for the united states . so that was last year.ear and at the time it was really just gehling into the wind. those views were considered absurd, even treasonous.nsideren biden and his republican alliesa described sanctions against russia as morally essential. so we seized oligarchss yachts at anchor. mo closed the apple store in moscow. nt we were all assured these were important victories. and anyone who has questions about their long term e