Having alternative cross border payment systems is great because its clear murica cant be trusted since they started weaponizing the swift system. *(In b4, um technically its not murica owned! If they weaponised it, might as well be)*
Nice to see china spread an alternative steadily for the inevitable moment murica screws up even more and makes everyone (but a few ultra rich oligarchs) run away from it.
AbductedAlien01 on
That’s not going to happen. For a currency to replace the dollar, its home country would need to be a massive net importer, since exporting large amounts of its currency is the only way to supply the global demand. That runs directly against China’s growth model. On top of that, China is a well-known currency manipulator, which makes it unsustainable as a global reserve currency.
antilittlepink on
Trump appears to be a Russian and Israel asset and by extension he is a China asset too – MAGA and far right just copy and paste Russian disinformation and their cult follows them into the abyss
3 Comments
Having alternative cross border payment systems is great because its clear murica cant be trusted since they started weaponizing the swift system. *(In b4, um technically its not murica owned! If they weaponised it, might as well be)*
Nice to see china spread an alternative steadily for the inevitable moment murica screws up even more and makes everyone (but a few ultra rich oligarchs) run away from it.
That’s not going to happen. For a currency to replace the dollar, its home country would need to be a massive net importer, since exporting large amounts of its currency is the only way to supply the global demand. That runs directly against China’s growth model. On top of that, China is a well-known currency manipulator, which makes it unsustainable as a global reserve currency.
Trump appears to be a Russian and Israel asset and by extension he is a China asset too – MAGA and far right just copy and paste Russian disinformation and their cult follows them into the abyss