this post was submitted on 02 Jul 2023
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(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.

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[–] Nine@programming.dev 2 points 2 years ago (5 children)

The only reason some of these countries are pushing for this is because they would like to be able to do what Russia did in Ukraine, without consequences.

[–] Korkki@lemmy.world 9 points 2 years ago (4 children)

Or they see that US has a economical nuclear bomb in the dollar and it's increasingly more reckless in it's use and they naturally want to isolate their economies from the fate that Washington just decides that they are not "free", "democratic" or somehow against US interest and decide to unilaterally sanction them and keep wrecking their economy until US demands are met. You do know that third of world's countries are under some sort of US sanctions and very few of them were or are on war footing towards anybody. World wants out of the dollar because US is no longer seen as reliable.

[–] Nine@programming.dev -1 points 2 years ago (3 children)

All of these countries are either failed democracies or dictatorships. Not sure where you are from, but it's in my interest that democracy remains strong. If that means sanctioning non-democratic countries when they want to undermine democracies, then so be it.

[–] misterslime12@lemmygrad.ml -2 points 2 years ago

Sanctions don't hurt dictators, only people. This only makes a country's population like their dictator more than the US.

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