.Uncle Sam Just Used Its Financial Nuclear Weapon Again

Uncle Sam Just Used Its Financial Nuclear Weapon Again

Notes From The Field By Simon Black January 15, 2020  San Juan, Puerto Rico

In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.

Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.

Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.

It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.

But this weapon has nothing to do with America’s nuclear arsenal. It doesn’t even require bullets.

I’m talking about the US dollar.

The US is still the world’s dominant superpower, still the largest economy in the world. And the US dollar is still the world’s dominant reserve currency.

This means that the VAST MAJORITY of international trade and cross-border financial transactions take place in US dollars.

When Saudi Arabia’s state-owned oil company sells petroleum to the Chinese, that transaction takes place in US dollars.

To continue reading, please go to the original article here:

https://www.sovereignman.com/trends/uncle-sam-just-used-its-financial-nuclear-weapon-again-27056/