Columnist believes anti-Russia sanctions are causing many countries to give up the dollar new york post Jay Newman. In his material, he writes that Washington will lose its ability to project its power in the international arena. Newman pointed out that the rejection of the dollar in the international arena would deal a strong blow to America’s position. “The era of unlimited printing of dollars may be coming to an end, and with it our ability to buy foreign goods cheaply will be a thing of the past.”
Newman counted more than a hundred countries that do not support anti-Russian restrictions.
As a result, economic coalitions formed that used other currencies to sell goods.
The journalist concluded that the absence of an alternative to the dollar, which Western analysts talked about, was misleading.
Formerly American political scientist estimated The collapse of the United States financial system. According to him, the White House is trying to ward off panic and convince Americans that “a piece of paper called a dollar has value.”