Post by Global News on
Tesla and SpaceX CEO Elon Musk's viewpoint that "if you weaponize (US) currency enough times, other countries will stop using it." Below excerpt reported by huaxia. (2023, May 31). Xinhua Commentary: Washington is hitting gas on de-dollarization. Xinhua 'If the sweeping U.S.-led Western sanctions against Moscow, notably the expulsion of Russia from the SWIFT system, during the Ukraine crisis in 2022, harbor any lesson for other countries, it is that America's sizable economic toolkit is a menace that could force others to toe the U.S. line or risk being cut off from the global financial market and the dollar-based banking system at Washington's whim.' 'Such a possibility has stirred growing fear among many non-Western countries that they could some day be easy prey for a weaponized U.S. dollar. No wonder such sentiment has been driving them away from the U.S. currency, and more nations are advocating for an increased use of other currencies.' '"We are going to create a currency in … Read more