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The Role of the Dollar in Geopolitics
The U.S. dollar is the global reserve currency and if foreign countries have debts that are denoted in dollars, they can rapidly spiral out of control. The US constantly has to add Iranian institutions to its list because the Iranians are Constantly trying to get out from underneath the sanctions. If we use the Iran example sure if you could cut Russia's oil exports by half I mean that's gonna reverberate throughout the Russian economy. You're gonna see shortages and all kinds of really negative things happening in the Russian economy in three to six months. So that's how it works.