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RATTANSI: And on the sanctions, finaly: Do you expect them to finish quickly? Or do you think that the Ukraine conflic spells the end of the dollar as an international currency because of the swiftness ...arguably, emphatically it's at the end of the dollar-based system as huge numbers of countries now sanctioned by the United States get closer and closer together to different ways of transferring money. Obviously, there are big cryptocurrency exchanges no on Wall Street and other methods which are not regulated by the Federal Reserve.
BOLTON: You know, I think, actually the dollar proving how important it is, how important it continues to be, and I don't see any huge demand to trade in Chinese yuan or Russian rubles. As far as cryptocurrency goes, look, if you want to buy black tulip bulbs, be my guest.
by Cat on Sun Mar 6th, 2022 at 01:49:56 PM EST
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