Substitute dollar for Democracy in below quote.
“Democracy is the worst form of government, except for all the others.”
― Winston S. Churchill
And both still are.
China's dedollarization
- Thread starter VicBee
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“Democracy is the worst form of government, except for all the others.”
― Winston S. Churchill
And both still are.
economic has nothing to do with ideology but practicality. btw, churchill is a certified racist by today’s standard.
Practicality is using the dollar, or whatever is universally accepted at the time, not every currency under the sun. And BTW racism has nothing to do with trade.
that’s why de-dollar is gaining momentum. wait and see the next brics meeting.
It’s remarkable to see that the USD role in world trade has actually increased.
Nothing lasts forever and the USA certainly seems to be gradually self-destructing in precisely the manner predicted by paleoconservatives for the past 35 years… but for the time being, what de-dollarization?
Nothing lasts forever and the USA certainly seems to be gradually self-destructing in precisely the manner predicted by paleoconservatives for the past 35 years… but for the time being, what de-dollarization?
in the minds of some.
or ostrich syndrome
Yup.
I recently saw a video on YT with the thesis: there is no dedollarization, there is a flight from western banks. They still want Dollars but outside the West where they can be frozen at a moments notice