Free Republic

KEY TAKEAWAYS Biden’s unprecedented freezing of U.S. dollars owned by a foreign central bank has fundamentally jeopardized the currency’s hard-won reserve status. Janet Yellen dropped a bombshell last year, casually admitting that not only is de-dollarization happening, but Americans should expect more. At a minimum, it’d be multiple years of double-digit inflation like we’re used to seeing in third world countries. At worst, it’d be a full-blown Weimar Republic. 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...