Comment by dustincoates
Comment by dustincoates 2 days ago
Honestly? Because they can't. If any other country had control of the world's reserve currency, they would do it, too.
It's the same reason why the US can place sanctions on Russian individuals in a way that, say, India cannot.
That is a completely warped and incorrect view. There is no political will to do so. I’ve never even seen it suggested even by the cringiest parties in any country in which I have lived. Besides, the simple fact that North Korea and Eritrea have comparable policies, and only them, is a strong indication that this idea is completely wrong. Neither has any kind of international clout to enforce this, and yet they have it for a reason.
Assuming that everyone else would do just like the US if they could get away with it is pure projection. Yes, it’s how the US work. No, it is not normal or even common.