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RE: US Debt Interest Payments A Reported $1.3 Billion Per Day.

in LeoFinance11 months ago

It's awful wrong to blame other countries for the current and potential US fiscal irresponsibility and the consequences. The divestment from using the dollar in International trade is borne out of the years of economic repression of other countries by the US, weaponizing the dollar, and the likes. The neo-colonialistic tendencies of the US, have shown them to be detrimental partners. Countries who are shying away from the dollar, do so to save their economy, people and sovereignty. To say it doesn't solve the problem shows that one might not even understand the problem in the first place or maybe for that person, it's a case of the only problem that matters, is the impact on the US. US policies have been wreaking havoc on developing and underdeveloped nations of the world and if they seek to fix that by shying away from the dollar, they are very much in their right and thinking of their best interest like they should have always done.

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Who is blaming other countries as this is all self inflicted. This post has nothing to do with the weaponizing of the US Dollar and more about how the Government has chosen to use an economic theory that does not work over a long period of time. The weaponizing of the dollar is another story entirely and will have consequences for many countries who cannot afford to lose their trade with the US.