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Do We Need to Worry About This?
There is some ush for thats as countries like china try to avoid future sanctions. Every time the united states does something that on a financial point of vew other countries are annoyed by this conversation bubbles up again. This has been happing back ang back and back since the 19 eighties. And every single time, the dollar becomes more central. The big shift this time around is that the japanese and the europeans both basically sublimated their own sanctions programme to the us Fed and the us Dollar. So they have seen a significant reduction in their global use over the course of the last few months. It doesn't take a reach. Nobody wants roubles and nobody