[WatchDog]

Foreign assets are only as good as your alliance with those foreign nations.

When you lose your only bargaining chip(oil), things start to look dicey.

[winter_blue]

You're implying that the U.S. securities worth hundreds of billions held by a nation will be under threat of theft (by the U.S. government itself?) because the nation doesn't "have bargaining chips"?

So the U.S. will begin to rob and plunder the bank accounts of countries that don't have a bargaining chip?

Is that where the U.S. heading? The daylight roberry of the bank accounts of foreigners?

[chii]

The Russian reserves are taken just as you described. The trust is eroded by a bit, despite the general acceptance that it was justified.