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cheesepope

5,208 Posts.

297

07/08/24

08:12

Post #: 75101533
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Originally posted by EyeoftheTiger: ↑

You fools

The world cannot dedollarize, there is only one economy that is large enough and where global trade is a relatively small proportion of its GDP that it can anchor global trade to, that is the US economy!

To dedollarize the world you have to destroy the entire US economy.

Sure the US Government has a debt problem, printing more dollars to pay for it via issuing treasury bonds is the fairest way to solve that in the short term, the other option is to simply default on the debt or renegotiate the debt. For countries and corporations that hold US debt / bonds they see it as an asset, it generates a stream of income in US dollars, you honestly think these debt / bond holders want to get rid of this income stream?

You think global trade can be conducted in the Yuan or the BRICS dollar, backed by gold? Ok that requires a lot of trust across multiple countries that are known to have manipulated their own currency and have a high rates of corporate fraud.

When I read this forum it disgusts me the amount of copy/ paste and regurgitation of conspiracy theorist nonsense. You all lack the ability to think critically about this topic.

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Out of the top 10 ports in the world in activity and volume 9 are in China.You wrong again the US dollar is slowly being replaced and will eventually die
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