De-Dollarization the Path to Global Financial Freedom

Economic and financial sanctions often backfire. The most notable example is the weaponization of the dollar against Russia. The measure has sparked a global movement to de-dollarize, the opposite of the punitive move’s strategic intent. ‘US weaponization of dollar is backfiring as BRICS and wider developing world accelerate away from dollar-based trade and holdings’ The historic miscalculation didn’t stop US Senator Marco Rubio of Florida from introducing a bill in Congress to punish countries that de-dollarize. The bill seeks to ban financial institutions facilitating de-dollarization from the global dollar system. Rubio’s bill, ominously called the Sanctions Evasion Prevention and Mitigation…