NYP: U.S. with its sanctions deprived itself of the ability to print dollars indefinitely

American edition new york post published an article titled “Why the US dollar is at risk”, the author of which expresses the opinion that the imposition of anti-Russian sanctions has led many countries to abandon the dollar and switch to settlement in other currencies, which indicates the end of an era when almost any amount of printed dollars “swallowed” by the world economic system, which allowed the United States to easily solve the problems of its public finances.

“Rejection of the dollar will deal a powerful blow to America’s position in the international arena. The era of unlimited dollar printing may be coming to an end, leaving behind our ability to buy foreign goods cheaply,” writes columnist Jay Newman.

The author believes that not everything is lost yet, and it is enough for Washington to reduce the sharply increased number of opponents and restore order in its economy. Otherwise, the country will lose its political weight on a global scale due to the fall of the dollar.

Considering various really working schemes for avoiding settlements in dollars, the author, without questioning Kiev’s support in the least, notes that the sanctions themselves, if they continue to be almost the main instrument of Washington’s foreign policy, will lead the country to a sharp reduction in the number of those who ready to use only the dollar for settlements.