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It’s called a mixture of communism-socialism-absolutism-authoritarianism
The moment someone brings out a asset backed decentralized pot of let’s say DXY++ that remains steady with USD opposed to growing with debasement or declining due to tightening - I’d imagine that will eat into the Eurodollar market and without that the $ is essentially destined to loose reserve status - I don’t believe $ flood back into the US like some state as the 350t$ Eurodollar market would cancel itself out as debts repaid with $ or $ equivalentAll this happens when an empire comes towards its end and it becomes more desperate to maintain its hegemony over the world order....lol. The problem is that it is already game over for the US and China has already won. China is the top trading partner for over 120 countries. The next clever move the U.S needs to do is kick Chinese banks off SWIFT, freeze China's U.S bond holdings and their mission to destroy the U.S dollar is complete
You see people are gonna buy Chinese goods regardless of what US does the same way countries continue to buy Russian oil. They will just not use the U.S Dollar or any banks connected to the western financial system. There are plenty of Chinese Banks around world to facilitate bilateral trade with China. China makes goods at a price point that cannot often be beaten. Goods often that are not made in other countries and it is a huge consumer market going into the future. Countries like Saudi Arabia will continue to sell oil to their number one client - China but no longer in USD. The Europeans...well good luck to their industrial base if they follow U.S into the abyss. Ask Germany what their auto industry would look like without China for example even though demand for their cars in China is falling as China is now the worlds biggest automaker.
https://www.dw.com/en/are-german-carmakers-too-dependent-on-china/a-55400204
Anyway fun times ahead as U.S is doing everything possible to speed up de-dollarization sadly. There has to be people who work in the U.S government that no very well that all these actions will backfire liek Russian sanctions and are wilfully working against the U.S best interests as no one can be that naive in U.S I hope
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All this happens when an empire comes towards its end and it becomes more desperate to maintain its hegemony over the world order....lol. The problem is that it is already game over for the US and China has already won. China is the top trading partner for over 120 countries. The next clever move the U.S needs to do is kick Chinese banks off SWIFT, freeze China's U.S bond holdings and their mission to destroy the U.S dollar is complete
You see people are gonna buy Chinese goods regardless of what US does the same way countries continue to buy Russian oil. They will just not use the U.S Dollar or any banks connected to the western financial system. There are plenty of Chinese Banks around world to facilitate bilateral trade with China. China makes goods at a price point that cannot often be beaten. Goods often that are not made in other countries and it is a huge consumer market going into the future. Countries like Saudi Arabia will continue to sell oil to their number one client - China but no longer in USD. The Europeans...well good luck to their industrial base if they follow U.S into the abyss. Ask Germany what their auto industry would look like without China for example even though demand for their cars in China is falling as China is now the worlds biggest automaker.
https://www.dw.com/en/are-german-carmakers-too-dependent-on-china/a-55400204
Anyway fun times ahead as U.S is doing everything possible to speed up de-dollarization sadly. There has to be people who work in the U.S government that no very well that all these actions will backfire liek Russian sanctions and are wilfully working against the U.S best interests as no one can be that naive in U.S I hope
US should hire uncle Martin cuz Sam is too oldAll this happens when an empire comes towards its end and it becomes more desperate to maintain its hegemony over the world order....lol. The problem is that it is already game over for the US and China has already won. China is the top trading partner for over 120 countries. The next clever move the U.S needs to do is kick Chinese banks off SWIFT, freeze China's U.S bond holdings and their mission to destroy the U.S dollar is complete
You see people are gonna buy Chinese goods regardless of what US does the same way countries continue to buy Russian oil. They will just not use the U.S Dollar or any banks connected to the western financial system. There are plenty of Chinese Banks around world to facilitate bilateral trade with China. China makes goods at a price point that cannot often be beaten. Goods often that are not made in other countries and it is a huge consumer market going into the future. Countries like Saudi Arabia will continue to sell oil to their number one client - China but no longer in USD. The Europeans...well good luck to their industrial base if they follow U.S into the abyss. Ask Germany what their auto industry would look like without China for example even though demand for their cars in China is falling as China is now the worlds biggest automaker.
https://www.dw.com/en/are-german-carmakers-too-dependent-on-china/a-55400204
Anyway fun times ahead as U.S is doing everything possible to speed up de-dollarization sadly. There has to be people who work in the U.S government that no very well that all these actions will backfire liek Russian sanctions and are wilfully working against the U.S best interests as no one can be that naive in U.S I hope
.this is it. usa looks like a wounded animal increasingly in the corner.All this happens when an empire comes towards its end and it becomes more desperate to maintain its hegemony over the world order....lol. The problem is that it is already game over for the US and China has already won. China is the top trading partner for over 120 countries. The next clever move the U.S needs to do is kick Chinese banks off SWIFT, freeze China's U.S bond holdings and their mission to destroy the U.S dollar is complete
You see people are gonna buy Chinese goods regardless of what US does the same way countries continue to buy Russian oil. They will just not use the U.S Dollar or any banks connected to the western financial system. There are plenty of Chinese Banks around world to facilitate bilateral trade with China. China makes goods at a price point that cannot often be beaten. Goods often that are not made in other countries and it is a huge consumer market going into the future. Countries like Saudi Arabia will continue to sell oil to their number one client - China but no longer in USD. The Europeans...well good luck to their industrial base if they follow U.S into the abyss. Ask Germany what their auto industry would look like without China for example even though demand for their cars in China is falling as China is now the worlds biggest automaker.
https://www.dw.com/en/are-german-carmakers-too-dependent-on-china/a-55400204
Anyway fun times ahead as U.S is doing everything possible to speed up de-dollarization sadly. There has to be people who work in the U.S government that no very well that all these actions will backfire liek Russian sanctions and are wilfully working against the U.S best interests as no one can be that naive in U.S I hope
Problem for China is its easy to cut their energy off - they are however operating Russians eastern energy infrastructure but should be putting their infrastructure commitments to a direct connection for the entire country and then internally to send to the eastern seaboardThere is a huge risk that if in an unlikely event such a bizarre law was to come to pass in U.S then global investors would restructure and maybe HK banks and brokers would benefit. It will all just hastens the decoupling from the dollar. It will make the dollar weaker against foreign currencies making debt easier to pay back. When your not paying China in dollars any more your gonna be paying them in something else
I just don't get the U.S motives sometimes. It has to be private interests rather than any real sense of righteousness or thought through geopolitical strategy. The U.S anti-China sentiment by some officials has very little long term logic to it. Janet Yellen warning China is a joke also. They talking about China as if its small undeveloped vessel banana republic like Bahamas rather than the worlds second biggest economy and a super power....lol.
Anyway U.S have been taking L's everywhere from Vietnam, Iraq, Afghanistan and Somali. Even now with Houthis in Yemen they cannot even stop them and have zero chance of defeating them...lol. Thoughtful diplomacy is the best way to achieve results not military power or economic threats and sanctions. They should learn on how far that got them with Russia as China has ability to export inflation big time sadly.
America absorbed the German industrial plant
Perhaps internationally - but domestically they are setup to remain a strong country
