SobieskiSavedEurope
Gold Member
- Banned
- #1
Yeah, Russia is supposed to be an enemy, but what about China?
China, Russia declare war on US dollar dominance
China, Russia declare war on US dollar dominance
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Neither is an enemy. And there is no war on the US dollar.Yeah, Russia is supposed to be an enemy, but what about China?
China, Russia declare war on US dollar dominance
The problem is that the US wields its dollar hegemony as a weapon
I’m confident that such a gross abuse of the role of the US dollar as a world reserve currency will undermine that role
With the US being the world's big dog when it comes to oil why should we care?
With the Hong Kong mess that's decade in the future.Russia doesn’t matter. However, the Russian central bank is well run. They’ve been buying a lot of gold to reduce their reliance on dollar reserves.
China does matter, and the yuan will grow in importance. However, it will never replace the dollar as the global reserve currency unless it dramatically changes its banking system, convertibility of its currency, and the opinion of global investors that it abides by the rule of law.
How many trillions in USDs do the ChiComs hold?Yeah, Russia is supposed to be an enemy, but what about China?
China, Russia declare war on US dollar dominance
How many trillions in USDs do the ChiComs hold?Yeah, Russia is supposed to be an enemy, but what about China?
China, Russia declare war on US dollar dominance
Yeah, they'll be real interested in devaluing them.
The ruble has dropped like crazy since they invaded eastern Ukraine.Russia doesn’t matter. However, the Russian central bank is well run. They’ve been buying a lot of gold to reduce their reliance on dollar reserves.