Myopic Finance Capitalists’ International Interventions Undermine the Dollar

Finance capitalists’ foray into the world of political economy has backfired. Mordor cut Russia out of SWIFT and froze $300 billion worth of financial assets held by the Russian Central Bank. But instead of ruining the Russian economy, Russia found other trading partners. Meanwhile, this financial aggression did not go unnoticed by the rest of the world as some countries simply switched to trading in local currencies. This growing distrust of the dollar can also be seen by the increase in world central banks of buying gold.
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