Thought this was a interesting read, and evidence based. I hope we can try to avoid the partisan attacks, but raises a good discussion
- China doesn’t need the dollar to trade because they are using CNY instead of USD.
- BRICS doesn’t need the dollar to save because they are buying gold instead of US bonds.
- Russia doesn’t need the dollar to live because they are the fourth largest economy after being shut out of the US economy.
- Yet the US needs as much of the world as possible to accept the dollar, as it’s borrowing at levels beyond COVID, beyond WW2, beyond any empire in history.
I never realized that even with the sanctions - we haven't really hampered Russia's economy effectively and they are now the fourth largest in the world
Last edited:
