Someone watch this and lemme know how much is pure western c o p e.
you can block their dollar transaction and there’s nothing they can do about it?
So… if I have $10m, and I use it to, uh, buy a bridge in Kenya…the US can say “no fuck off”? How does that work? Can they stop it in a way other than by pressuring Kenya to not accept it?
both scenarios are the same and nothing has changed about your financial position?
Maybe I’m being a dumdum. But…practically your situation hasn’t changed, right? If everything increases at the same rate, then only the numbers get bigger?
Unless there are things which money can buy that doesn’t increase in price. Like labour power, usually. Or when govts give big corpos $1 trillion in loans they use to buy real shit for essentially free.
The SWIFT system can block your transaction.
And if somehow the Chinese store the USD in their own bank and use their own transaction system, then the US will sanction them and Kenya to prevent the dollars from being used anywhere outside the two countries. At that point it’ll just be Monopoly money with the hopes of it being worth something if sanctions are lifted.
Then the US will block any companies doing business with the bank (or the entire country like Russia and Afghanistan or Cuba), any organization giving aid to Kenya, and that bank probably has a lot of customers who will be angry if they can’t access the American market. Not to mention, it’ll pressure other countries who claim to be sovereign and equal to bow down to their masters, and now China and Kenya is blocked off from the western world.
