SuburbanFarmer wrote: ↑Thu Apr 28, 2022 8:12 am
StCapps wrote: ↑Thu Apr 28, 2022 7:53 am
forcing others to use their currency doesn't make their currencies any more desirable outside of their own nations
I’m not even sure how to respond to that one
that just gives other nations a way to dump more me worthless Rubles and Yuan for something actually valuable
no country on earth prefers rubles or yuan to dollars, including Russia and China, that hasn't changed, and it won't change because of molehills you are determined to pretend are mountains
Russia's economy is the size of Canada's
probably smaller now, after this Ukrainian blunder
they can't bring the dollar down by selling their oil for rubles, fool
especially when they are selling a lot less of it
I’m not predicting some kind of overall transition to rubles - that’s idiocy. Yes, dollar is still the top dog.
But it is no longer alone. The pillars of dollar’s strength are being kicked out. Hegemony is no more. Simply the best in a bad neighborhood for the time being.
being the best in a bad neighborhood is good enough
the dollar was never alone, there was always shitty competition
that hasn't changed
the hegemony isn't done, until the US Navy refuses to defend the strategic choke points that most of the oil supply runs through
and even if that happens, the dollar still won't have a replacement, and will remain top dog
Russia and China have made no moves on those choke points, the pillars all remain intact and untouched
Chins in particular doesn't want to bring the dollar down, as it's the thing propping them up
if Russia actually tries to bring the dollar down , China would side with America
China is far more dependent on America than they are on Russia
the idea that Russia and China will team up to bring America down, is pure fantasy