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→digression on sanctions
{{Quotebox|''Financial sanctions are ultimately not as successful as their advocates once believed because money is not a natural global monopoly. International banks are certainly susceptible to US dollar sanctions. But not all banks in the world operate in dollar markets. The use of secondary sanctions has become a first-order instrument in the US’s diplomatic toolkit in this century. But it falls into the category of instruments which lose their value the more you use them. Even amongst US economists, we see a lot of complacency about this. It was friction combined with network effects that favoured the emergency of a single dominating currency – the pound sterling, the dollar later. The danger to the dollar is not the euro, or renminbi. It is that micro-channels are becoming viable as technology reduces the frictions.'' [https://www.eurointelligence.com/]}}
{{Quotebox|''Financial sanctions are ultimately not as successful as their advocates once believed because money is not a natural global monopoly. International banks are certainly susceptible to US dollar sanctions. But not all banks in the world operate in dollar markets. The use of secondary sanctions has become a first-order instrument in the US’s diplomatic toolkit in this century. But it falls into the category of instruments which lose their value the more you use them. Even amongst US economists, we see a lot of complacency about this. It was friction combined with network effects that favoured the emergency of a single dominating currency – the pound sterling, the dollar later. The danger to the dollar is not the euro, or renminbi. It is that micro-channels are becoming viable as technology reduces the frictions.'' [https://www.eurointelligence.com/]}}
[[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|''The Truth. Just Putin It Out There'']]</sup> 13:22, October 20, 2024 (EDT)
[[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|''The Truth. Just Putin It Out There'']]</sup> 13:22, October 20, 2024 (EDT)
[[Glenn Diesen]] adds this:
{{cquotebox|''Too many economic disputes are instead militarised, and the expensive US military is itself overburdened with responsibilities around the world. As the US military transitions to confronting great powers, rival powers have another reason for why they should not invest in US Treasuries or use the [[dollar]] as this entails financing their own military containment. The attacks on China’s tech sector and the theft of Russia’s sovereign funds have sent shock-waves throughout the international system as all rules are seemingly suspended under the so-called international [[rules-based order]].'' [https://glenndiesen.substack.com/p/economic-collapse-and-the-post-american]}}
[[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|''The Truth. Just Putin It Out There'']]</sup> 19:08, October 21, 2024 (EDT)
==France unable to honor its commitment of 3 billion euros in Ukraine aid for 2024==
==France unable to honor its commitment of 3 billion euros in Ukraine aid for 2024==