The economic weapon

The New York Sun/Seth Lipsky/3-13-2022

“There is the larger risk that the Russia sanctions, by in effect weaponizing finance and the greenback itself, might also damage the central role of the American dollar in the global finance system.”

USAGOLD note: If the deep thinkers quoted in this editorial turn out to be correct, we may witness the most damaging instance of unintended consequences in the history of money and finance. Will it bring about, as Robin Harding worries, the death of the dollar-based post-Bretton Woods monetary system? The article immediately below examines what such an event might mean for the price of gold.