Nice Going Biden: China, Brazil strike deal to ditch U.S. dollar for trade.

MAGA Macho Man

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Apr 19, 2022
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Biden is showing he has no business savvy like Trump on the international stage. His whole goal is to weaken the US and its currency.



 
France signed a deal with China for LNG (Total Petroleum) payable in yuan.


Saudi-China oils and petrochemical agreement.


 
Wow. The BDS is thick here.

Anyways, good to see that most conservatives still don't understand economics. They actually think the economy of the entire world is supposed to run on dollars.
By all means please explain in detail how the world no longer using our currency is a good thing
 
By all means please explain in detail how the world no longer using our currency is a good thing
The world has always used other currencies to trade with if it so wishes, there is no international law that requires one to use US dollars only for trading.
 
The world has always used other currencies to trade with if it so wishes, there is no international law that requires one to use US dollars only for trading.
Not my question

Explain in detail how our currency no longer being the reserve currency around the world is a good thing
 
It is the number one most traded currency globally, accounting for a daily average volume of US$2.9 trillion. There are several reasons for its popularity.

Top 10 Most Traded Currencies in the World | IG International

It was over 95% of the world's middleman trade as the global currency after WW 2. No around 50% and dropping. Living off of other people does this. We are too busy in our personal self-importance to worry about it. All of the accusations of killing groups from mostly Progs will come true at some point y our own individual belief of deity status.
 
It was over 95% of the world's middleman trade as the global currency after WW 2. No around 50% and dropping. Living off of other people does this. We are too busy in our personal self-importance to worry about it. All of the accusations of killing groups from mostly Progs will come true at some point y our own individual belief of deity status.
Other industries and markets grew and so they took the share from WWII Japan was one of the first, remember the 1980s?
 

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