EU sets out plans to limit US dollar reliance, reduce sanctions risks
The European Union has set out plans to strengthen the international role of the euro, as its seeks to erode the dominance on the U.S. dollar and lessen the bloc’s vulnerability to financial risks, including U.S. sanctions.
Chachacheah 3 year ago
Getting out of US$ will neutralise USA's power to implement illegal unilateral sanctions on other nations at will... Will have to compete & earn its keep like any other nation. US$ will drop to a more realistic value... 🤔👏👏
Oh ya 3 year ago
In short this means the world sees the world reserve currency the USD is headed for the ditch just like all reserve currencies before it. And when it loses that status the people of the US will see unhappiness like they have never seen before. The US Government is doing this to themselves by all the money printing they are doing. So be sure to thank you own government when your dollar is worth 25 cents