But Don’t Expect a Death of the Dollar Scenario to Unfold
Surprise, 2018 is continuing the same trend of engineered de-dollarization which picked up speed last year. Setting the tone right out of the gate, President Trump tweeted the following about Pakistan:
“The United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit, thinking of our leaders as fools. They give safe haven to the terrorists we hunt in Afghanistan, with little help. No more! “
This follows an annual State Department report from a few days ago where it was stated that $255 million of military aid would be withheld from Pakistan because of its poor performance on fighting terrorism, as well as its inability to reduce threats to American forces in Afghanistan.