ok
W
Smart move. Then Russia can use the Yuans they get to buy anything they want in China, which China makes nearly everything.
America has a monopoly on the world through currency because most countries pay for oil in American dollars. This is why American dollar is called the petro dollar, and allows them control over all trade in an indirect way. This removes a chunk of their power, and it matters so much to the US that pretty much and world leader that was going to stop using their currency as a pedro have all been assassinated or had their country attacked and decimated.
Over for zogmerica their little Ukrainian project came back to bite them
The US is becoming more and more cucked, to the point that even other countries are abandoning them and their faggotry. I get them less than ten years for complete societal collapse.
W
Say Russia is selling $200 billion a year to China and buying $150 billion a year from China. They might as well at least accept $150 billion equivalent in Yuan. As it wouldn't cost them anything considering they are going to be buying Chicom manufactured stuff anyway.
yep this
Saddam, Gadaffi, they trying with Asad.
The US now has no choice but to attack so buckle up
Most countries are trading oil in US dollars, because
• US has the strongest military to defend any attackers,
• b[UWSL]est currency for any sort of financial operations[/UWSL]
[UWSL]• If US government don't like certain billionaires they will get taken to court rather than killing or kidnapping them like in Russia or China [/UWSL]
[UWSL]• Overall less likely to have quick spikes due to unexpected financial policy changes[/UWSL]
[UWSL]• Preffered currency to hold virtually anywhere, especially unstable economies, even in Turkey where you would instinctually think turks hold their reserves in euro or british pound.[/UWSL]
[UWSL]• They can start a war against middle east and african countries if they refuse to cooperate[/UWSL]
[UWSL]• Network effect everyone is afraid to be the first one to step aside[/UWSL]
• Canada, Australia, Britain, China and Russia that have somewhat working currency, suffer from tyranical and unpredictable governments
• When trading in trillions of dollars any sort of small instability like -0.001 means losing billions and oil companies don't like that
As of the reasons mentioned above US dollar is the currency of choice and the demand keeps the price stable.
Russia and China are determined to create instability hoping to cause regular american citizens to riot and big wall street men in suits to take their money out thus destroying west from within
Russian ruble can rise in price when Russia demands to get paid for oil, gas, electricity and minerals in ruble
Chinese yuan can rise in price exact moment chinese government stops artificially undervaluing it
Then basic FOMO theory people see 3x stonkmoney and want to buy it
It is daredevil idea, but in case it works out it's all worth it
They fighting to completely collapse the US$. If more countries join then eventually more and more will ditch the $.
American debt is higher than the GDP, any small thing and they done.
America is over stretched.No empire lasts for ever so these are the days of the end of empire.
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