The Role of the Dollar in the World

The link between a nation's currency and its role as the relatively dominant political actor on the world stage is pretty clear. We need to remind ourselves that in the 16th century, the Spanish silver dollar was the dominant currency. It should therefore come as no surprise that he via the People's Bank of China would like to undercut both the dollar and sanctions proof the Chinese economy. This former top level Trump administration official actually went out of his way to demonize bricks, excluding India as an alliance of autocratic anti-US countries.