Financial Media Warn of the Wane of the Weaponized Dollar and Euro

The Wall Street Journal ran a column March 3 headlined “If Russia’s Currency Reserves Aren’t Really Money, the World Is In for a Shock.” “Sanctions have shown that currency reserves accumulated by central banks can be taken away. With China taking note, this may reshape geopolitics, economic management and even the international role of the U.S. dollar,” wrote the Journal. (https://www.wsj.com/articles/if-currency-reserves-arent-really-money-the-world-is-in-for-a-shock-11646311306)