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submitted 6 hours ago by Sunshine@piefed.ca to c/boycottus@lemmy.ca
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[-] SpicyLizards@reddthat.com 6 points 1 hour ago

They can't even follow the "rule-based order" they created. Yet they are very happy to quote it while funding a genocide.

[-] N0t_5ure@lemmy.world 30 points 5 hours ago

Let's take a moment and think about how dumb this is for the U.S. to do.

The U.S. sanctions mean the judges are now on a list of specially designated sanctioned individuals. Any U.S. assets they have will be blocked and they are put on an automated screening service used by not only American banks but many banks worldwide, making it very difficult for sanctioned persons to hold or open bank accounts or transfer money.

So basically, the U.S. has used it's "exorbitant privilege" arising from the status of the U.S. dollar as the reserve currency of the world to set up and control a financial system that gives it tremendous power. It is now using that system to bully citizens of allies because they are applying international law in investigating criminal conduct. In what world would any sane country not see the potential for further abuse, and immediately being working towards building an alternative system that does not rely on the whims of an unstable dictator? Add in the severe erosion of U.S. trade resulting from tariffs, and the likelihood of the destruction of the U.S. dollar as Trump gains control over the Federal Reserve, and it's pretty easy to see the days of the U.S. dollar as a reserve currency are numbered. This will crush the U.S. economy for decades.

this post was submitted on 22 Aug 2025
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