I’m not sure there’s anything Trump can do. In the short term he can bring pain, however in the long term the path is already set.
What do you say to Brazil, if they say they’ll use the dollar, but reserve the right to trade with other nations via barter?
I’ve watched the entire 🇷🇺 🇺🇦 mess since 2013. The US does not have the military to bully the entire 🌍, nor can we do without trade. We can be advantageous to our own near term desires, but that sets up long term changes.
There may yet be a BRICS “currency”, but I expect it to be more of a government balancing tool between partners, whereas the $USD is currently used as a currency within foreign nations alongside national currencies. As well as the Eurodollar market.
There really is no need for $USD between say 🇷🇺 & 🇨🇳. It can all be a trade ledger. And if/when things get out of control it can be rebalanced with… gold.
…also can Trump undertake not to ‘weaponise’ the dollar? Even if he do, can anyone trust him as he seems only to care for America at the expense of others friend or foe.
Do politcians mind seeing themselves in replays contradicting their present views? Most people would be embarrassed. I'm betting politcians don't care even when they are unable to explain why they've changed their mind. The fact is that Mr Trump doesn't mention anything about gold in his present campaign, and doesnt stop talking about BTC. If BTC is or becomes a US centric asset, it won't be a gold substitute. Anyone in the world can buy and own gold outside of the western financial system, without being prevented.
I 110% prefer Donald to the drunk globalist dummy and her commie fellows, but sometimes I feel so betrayed from his own choices of people and words that I start thinking that he too is only a puppet, a piloted one as all the ones before him...
China has a 800 billion usd active balance, mostly directly invested in "enemy" treasuries. Not a good place to stay in a cold war 2.0/ww3 situation.
What if they just decide to buy with that amount a lot of the outstanding usd denominated debt of "Countries of their interest"? Both for diversification and depowering/substitution of the US creditors? And at the expiration change the denomination in yuan of whatever?
Maybe I'm thinking wrong, but aren't them the second most important source for paper Usd??? (beyond the original printer of course...)
I’m not sure there’s anything Trump can do. In the short term he can bring pain, however in the long term the path is already set.
What do you say to Brazil, if they say they’ll use the dollar, but reserve the right to trade with other nations via barter?
I’ve watched the entire 🇷🇺 🇺🇦 mess since 2013. The US does not have the military to bully the entire 🌍, nor can we do without trade. We can be advantageous to our own near term desires, but that sets up long term changes.
There may yet be a BRICS “currency”, but I expect it to be more of a government balancing tool between partners, whereas the $USD is currently used as a currency within foreign nations alongside national currencies. As well as the Eurodollar market.
There really is no need for $USD between say 🇷🇺 & 🇨🇳. It can all be a trade ledger. And if/when things get out of control it can be rebalanced with… gold.
Vince it can't be a linear BRICS adoption, right? Those countries still have to transact in dollars and still face a shortage of dollars. https://www.scmp.com/economy/china-economy/article/3285363/chinas-issuance-us-dollar-bonds-bolster-ties-saudi-arabia
Absolutely. People write in absolutes. Nothing is linear here.
…also can Trump undertake not to ‘weaponise’ the dollar? Even if he do, can anyone trust him as he seems only to care for America at the expense of others friend or foe.
Do politcians mind seeing themselves in replays contradicting their present views? Most people would be embarrassed. I'm betting politcians don't care even when they are unable to explain why they've changed their mind. The fact is that Mr Trump doesn't mention anything about gold in his present campaign, and doesnt stop talking about BTC. If BTC is or becomes a US centric asset, it won't be a gold substitute. Anyone in the world can buy and own gold outside of the western financial system, without being prevented.
Or else?
I 110% prefer Donald to the drunk globalist dummy and her commie fellows, but sometimes I feel so betrayed from his own choices of people and words that I start thinking that he too is only a puppet, a piloted one as all the ones before him...
China has a 800 billion usd active balance, mostly directly invested in "enemy" treasuries. Not a good place to stay in a cold war 2.0/ww3 situation.
What if they just decide to buy with that amount a lot of the outstanding usd denominated debt of "Countries of their interest"? Both for diversification and depowering/substitution of the US creditors? And at the expiration change the denomination in yuan of whatever?
Maybe I'm thinking wrong, but aren't them the second most important source for paper Usd??? (beyond the original printer of course...)