(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsEverything Apple Plans to Show at WWDC: XR Headset, iOS 17 and MoreBrazil and China recently struck a deal to settle trade in the

(Bloomberg) – All around the world, a backlash is brewing against the hegemony of the US dollar.

  • CandelestineEnglish
    64·
    2 years ago

    Nobody is forcing people to use the US dollar. I mean, I know we Americans can be pretty brash and aggressive sometimes, but we won’t invade you just for not using our currency.

    Probably.

    • englishladEnglish
      111·
      2 years ago

      Saddam wanting to trade oil in other currencies was at least a part in the build up to the invasion of Iraq. The Petrodollar is still a large part of the US’s financial strategy.

    • monobot@lemmy.mlEnglish
      8·
      2 years ago

      Not sure if you are sarcastic, but that is exactly what most wars US created were about.

    • Derbicus@kbin.social
      5·
      2 years ago

      Global trade is conducted in US dollars, so they kind of are forced to use the dollar if they want to trade.