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E.J. Antoni and Peter St. Onge: Uniparty is only a few steps away from gutting the dollar
By E.J. Antoni and Peter St. Onge
The Heritage Foundation, Washington, D.C.
Tuesday, February 27, 2024
America's political establishment has less respect for the U.S. dollar than our foreign adversaries.
That was made clear when Tucker Carlson recently interviewed the Russian strongman President Vladimir Putin, who clearly articulated how the uniparty in Washington is destroying America's greatest strategic and economic asset—her currency.
Last year, led by the chairman and ranking member of the relevant House and Senate committees, a bipartisan and bicameral bill was introduced that would hand another $300 billion to the Ukraine, this time in the form of the confiscated U.S. dollars owned by the Russian central bank and the Russian people.
There are now renewed calls for this measure as both the budget battle at home and the war in the Ukraine drag on.
Not during the Vietnam or Korean wars or at any point during the height of the Cold War did America do this to the Soviet Union. U.S. statesmen understood then, as our adversaries do now, that the dollar's reserve currency status is among our most important global assets, both economically and strategically.
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