RE: Liberation day - Are these called pretzels?
You are viewing a single comment's thread:
What will the US do if big nations says... Ok, screw the dollar, we are going to use X.
War?
0
0
0.000
You are viewing a single comment's thread:
What will the US do if big nations says... Ok, screw the dollar, we are going to use X.
War?
That process has started already (smaller nations are already stepping away from the dollar), and if this madness continues, more are going to opt for an alternative.
Not that X I assume. The dollar may lose value. You might say it's less 'great'.
The BRICS plans have been somewhat derailed by Russia's invasion of Ukraine and the resultant fallout, but US belligerence could certainly push Russia and China closer than they have been since the Soviet era, even if they're just allies of convenience. The Bretton-Woods system and petrodollar have both already collapsed, and it's just a matter of time before the consequences are openly acknowledged. Crypto, gold, and silver are probably safe bets for the long term against the dollar. I'm not convinced the Euro is any better.
China could gain from this and Putin may be pulling strings.