The Rise of US Financial Sanctions

The growing number of states espousing anti-dollar viewpoints and adopting anti-dollar policies does threaten to weaken the future potency of US financial sanctions. Most congressional hearings in the United States these days involve demonizing China. So punishing China for having its own sovereign domestic monetary policy is not illegal, it's not criminal. We're in a new Cold War and Washington constantly demonizes Beijing. And this subcommittee on national security featured a lot of demonization of China.