We are so screwed.
Yep....nothings stopping the trajectory...it’ll be each man for himself when all is said and done.
Countries in Asia are banding together in order to rid themselves of using the dollar in international trade.....if China does so the rest will surely follow.
“There is a thing called the Shanghai Cooperation Organization, an agreement between China and Russia, whereby they tie up the whole of Asia as their backyard. The objective of the is basically to settle international trades between these countries without using the dollar.....
Add to this that the Middle East now sends exports to China and India, so there’s no pressing reason to use the dollar there.
Anyone think Wallyworld will either quit selling Chink-junk or only take Yuan?
As long as we are their biggest customer, they will keep making sure we can buy without problems.
Most of the PRC’s sabre rattling has more to do with internal situations than international ones. The last thing the PRC wants is 4 billion pissed off unemployed Chinamen. Like many authoritarian regimes, they need to keep the nationalism whipped up with a nice enemy to point to.