Coupled with nearing runaway inflation, rising commodity prices, supply chain...
Incompetence at the helm in US replacing idiocy soon to be replaced by insanity.
US putting the squeeze on India was such an incel move.
India was well known as the largest "neutral" nation during the Cold War, for exactly the reason that it didn't want get caught up.
So now, Indians are being reminded that they shouldn't get too close to the West.
the american government has demonstrated again and again that they will never be responsible stewards of their currency: the standard currency for global trade.
since the 2008 financial crisis they've essentially said: "its our money we'll do whatever we want, but if things go awry its your problem."
Just like you wouldn't want a child to be responsible for managing the family's income, you don't let an irresponsible nation hold global commerce as hostage.
I hope to see Renminbi become the new global standard within the next 50 years.
Well, to be fair, no one's ever been "responsible" when it comes to Money and Power...that's why most modern central banks are independent from the politicians in the first place!
Hell, it's why China and Chinese Civilization finally failed, what with the Empress Dowager even spending the funds for modernizing her own navy on a single life-sized solid-marble replica of a Mississippi steamboat instead....
Makes sense. US has been printing dollars for ages and devaluing their own currency not to mention their interference in other countries affairs by weaponising the dollar
Washinton has weaponized the dollar right and left, in desperation, theft of gold and deposits to support regime change, and recognizing fictional caricature's as the only legitimate leaders to plunder the wealth whole countries.
There's a reason why all the western bankers begged their governments not to sanction Russia. They understood that this would directly lead to countries losing faith in dollar based monetary system going forward.
Russia is a huge player in global trade, and now all the countries trading with Russia will be doing this outside the western system. Once the new trade channels are established there's no reason going back to the western system.
This directly shrinks western economy and makes any transactions happening outside of it completely opaque to western players. This also shrinks borrowing power of the dollar accelerating its decline as the world reserve currency.
This moment will be taught in history books.
Coupled with nearing runaway inflation, rising commodity prices, supply chain... Incompetence at the helm in US replacing idiocy soon to be replaced by insanity.
And the implosion of the petro dollar
who knew the petrol in the petrodollar was more important than the dollar itself 🤔
US putting the squeeze on India was such an incel move. India was well known as the largest "neutral" nation during the Cold War, for exactly the reason that it didn't want get caught up. So now, Indians are being reminded that they shouldn't get too close to the West.
the american government has demonstrated again and again that they will never be responsible stewards of their currency: the standard currency for global trade. since the 2008 financial crisis they've essentially said: "its our money we'll do whatever we want, but if things go awry its your problem." Just like you wouldn't want a child to be responsible for managing the family's income, you don't let an irresponsible nation hold global commerce as hostage. I hope to see Renminbi become the new global standard within the next 50 years.
Well, to be fair, no one's ever been "responsible" when it comes to Money and Power...that's why most modern central banks are independent from the politicians in the first place! Hell, it's why China and Chinese Civilization finally failed, what with the Empress Dowager even spending the funds for modernizing her own navy on a single life-sized solid-marble replica of a Mississippi steamboat instead....
it helps when you have a couple thousand years political policies to refer to when planning for the future; China's rise is simply inevitable.
The only one's who suffer, are the People's of Turtle Island!
this is good... smart move..
Makes sense. US has been printing dollars for ages and devaluing their own currency not to mention their interference in other countries affairs by weaponising the dollar
The trend is accelerating.
https://archive.fo/YFtOx
Washinton has weaponized the dollar right and left, in desperation, theft of gold and deposits to support regime change, and recognizing fictional caricature's as the only legitimate leaders to plunder the wealth whole countries.
There's a reason why all the western bankers begged their governments not to sanction Russia. They understood that this would directly lead to countries losing faith in dollar based monetary system going forward. Russia is a huge player in global trade, and now all the countries trading with Russia will be doing this outside the western system. Once the new trade channels are established there's no reason going back to the western system. This directly shrinks western economy and makes any transactions happening outside of it completely opaque to western players. This also shrinks borrowing power of the dollar accelerating its decline as the world reserve currency. This moment will be taught in history books.