Hacker News Reader

That would take the USD falling from world currency reserve status - which would be the end of modern finance. That kind of economic collapse would make sanctions irrelevant.

View on HN

That’s hyperbole. The USD has been losing its power as a reserve currency, continuously, for the past several decades. See: Yuan.

Modern finance still exists.

tell me who wants to hold yuan as a currency (not just a little bit for liquidity of trading), instead of holding USD.

The hundreds of millions sanctioned by the US are a good start.

Not so much now perhaps but a digital Yuan exists. Where that is headed is not clear but it has the possibility of disrupting the current order.

Reply on news.ycombinator.com