RE:Russia-china alliance Raising interest rates makes it harder for foreign countries to pay their debt. Because most of the debt is financed in USD. AS well as buying commodities. The USD is still the dominate currency. If the USD weakens, those countries will send all those USD back to where they came from. And destroy America. I think raising raising rates is the only way to win this battle. But a lot of pain would be felt at home. For a long time. IMO