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Yellen Finally Admits: US Sanctions Backfire, Dollar in Decline!

Mr. Anderson Jul 17
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Article Summary

Janet Yellen’s got some bad news—again. The US Treasury Secretary admitted to the House Financial Services Committee that US sanctions have backfired, hitting the US dollar where it hurts. Yellen warned that the more sanctions Uncle Sam dishes out, the more countries (think: BRICS) will scramble to ditch the dollar.

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