Ditching the Dollar

Sameer Ahmed

Dhu al-Qa'dah 19, 1439 2018-08-01

Letters To The Editor

by Sameer Ahmed (Letters To The Editor, Crescent International Vol. 47, No. 6, Dhu al-Qa'dah, 1439)

The easiest way to confront American gangsterism is not by military means but by ditching the US dollar as global reserve currency. While this will take time, in the interim, countries can divest themselves of US treasury bonds. Russia is busy doing just that. Were China, the largest holder of US treasury bonds at $1.183 trillion, and Japan ($1.048 trillion) to shed their treasury bond holdings, it would put Uncle Sam in his place!

Sameer Ahmed
Keego Harbor, MI, US