This seems like the US complaining about the idea that it is possible any where in the world for financial transactions to happen that it cannot completely and directly control.
I think I'm pretty ok with that. If that means that someone got to sell some cocaine in Russia I'm fine with that too.
The US, with it's 135% debt to GDP, broken politics, import everything it needs and produce nothing attitude, and multitude of more organized competitors is not the hegemonic powerhouse it was when Bretton Woods or the Petrodollar arrangements happened but it expects the same concessions as it got in those eras. I think the people who expect these privileges as a birthright are in for a rude awakening.
I think I'm pretty ok with that. If that means that someone got to sell some cocaine in Russia I'm fine with that too.
The US, with it's 135% debt to GDP, broken politics, import everything it needs and produce nothing attitude, and multitude of more organized competitors is not the hegemonic powerhouse it was when Bretton Woods or the Petrodollar arrangements happened but it expects the same concessions as it got in those eras. I think the people who expect these privileges as a birthright are in for a rude awakening.