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America Sanctioning Itself Into Economic Decline

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All those US sanctions now on steroids against Russia over Ukraine war are working to disincentive many important countries from paying for trade, especially energy resources, in the good ‘ol dollar'. 

This will likely cause the current the 60% of world’s reserves held in dollars to begin heading south.

China, fearing US world dominance, has joined into alliance with Russia, buying their oil with Chinese yuan. India is considering doing same with rupees. Fair weather ally Saudi Arabia is also dumping the dollar in trade with China. That’s only 3 countries but over 35% of world population.

Will that effect the US economy? Let us count the ways..

Read the rest of the story HERE:

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked (more...)
 

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