Money-world splits into two: Is this the end of an era of US dollar as reserve currency?

Read more on this subject: Economy – International
News Story Source: https://joannenova.com.au
Just like that: The US froze Russian bank accounts. It broke all the rules. In return, Russia is freezing gas deliveries unless people pay in roubles. The US played a very big wildcard, and Joe Biden and the USA may lose in a big way. The World's Reserve currency is the US Dollar, and it's a powerful tool for the US. But if the dollar were weakened, by say 50 years of inflation, and the trust it is based on was blown, the bluff may be up.

One thing leads to another. Who will blink first?

Does Russia need the money more than Europe needs the gas?

Europe Is Facing Supply Disruptions As Russia's Gas-For-Rubles Deadline Looms

OilPrice:

Russia's insistence that its "unfriendly" nations pay in rubles for Russian natural gas risks disrupting European supplies as soon as this week as the deadline set by Putin for moving to ruble payments is drawing closer.

Europe, which depends on Russian natural gas for more than one-third of its demand—with s
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