dubz.... what are you thoughts on the dollar denominated world debt? I tend to agree that the US dollar is "closer than the last couple decades but still a ways off" partly due to the fact that the vast amount of foreign debt being held in the dollar. There will come a time when these dollars will be harder to come by and needed by foreign entities to pay off, essentially resulting in a dollar squeeze....after that then, the plumet....that's a theory anyway.
Many a wars have been fought for the defense of keeping a Country's world currency reserve.... ask Great Britain, France, Holland, Spain and Portugal (in that order) how that turned out....
America First
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@dubz4dummyz
dubz.... what are you thoughts on the dollar denominated world debt? I tend to agree that the US dollar is "closer than the last couple decades but still a ways off" partly due to the fact that the vast amount of foreign debt being held in the dollar. There will come a time when these dollars will be harder to come by and needed by foreign entities to pay off, essentially resulting in a dollar squeeze....after that then, the plumet....that's a theory anyway.
Many a wars have been fought for the defense of keeping a Country's world currency reserve.... ask Great Britain, France, Holland, Spain and Portugal (in that order) how that turned out....
Don't know enough about the exact question...don't have a economics background kinda just talk in lamen terms...are you referring to countries debts to the world bank in USD and if the world bank "called" for those debts to be paid?
I was just generalizing that to change the world currency is such a big undertaking and the world is basically 1 big well-oiled machine right now as far as efficiency of trade....sure their are squawks between countries about trade but usually business goes on....now if there was a huge physical war between US/Russia-China that would disrupt the machine....and if there was a shift in power during that physical war that would be a very opportune time for a change.....
One other thing...if I'm not mistaken a good chunk of the Chinese economy is dependant on the American consumer....so as much as we say all this the 2 countries are very intertwined on a business level
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@kcblitzkrieg
Don't know enough about the exact question...don't have a economics background kinda just talk in lamen terms...are you referring to countries debts to the world bank in USD and if the world bank "called" for those debts to be paid?
I was just generalizing that to change the world currency is such a big undertaking and the world is basically 1 big well-oiled machine right now as far as efficiency of trade....sure their are squawks between countries about trade but usually business goes on....now if there was a huge physical war between US/Russia-China that would disrupt the machine....and if there was a shift in power during that physical war that would be a very opportune time for a change.....
One other thing...if I'm not mistaken a good chunk of the Chinese economy is dependant on the American consumer....so as much as we say all this the 2 countries are very intertwined on a business level
https://time.com/6262985/china-saudi-arabia-iran-ukraine-peace-talks/ Leveraging that China is now the largest consumer of middle east oil has dismantled tensions between Iran and Saudi Arabia. United states has failed the beejing government is now focused as states men in Ukraine and Russia theater And moving to end the war in Ukraine. America caught flat footed is realizing China has moved to a position . In Moscow has stated a new world order is to begin... As their sphere of influence economically financially and diplomatically has come while Washington is declining ... The Petro dollar is being replaced by the Petro yuan....
Just bumping the most this most important thread on the realities of the geopolitical world going on outside of you all's "Western media blinders".... Americans are asleep at the wheel, just like Sleepy Joe.... wake up. The world is shifting and the gap between America and the next power(s) has closed tighter than any time in the majority of our life times. We slippin....too little, too late.
America First
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Quote Originally Posted by nature1970:
https://time.com/6262985/china-saudi-arabia-iran-ukraine-peace-talks/ Leveraging that China is now the largest consumer of middle east oil has dismantled tensions between Iran and Saudi Arabia. United states has failed the beejing government is now focused as states men in Ukraine and Russia theater And moving to end the war in Ukraine. America caught flat footed is realizing China has moved to a position . In Moscow has stated a new world order is to begin... As their sphere of influence economically financially and diplomatically has come while Washington is declining ... The Petro dollar is being replaced by the Petro yuan....
Just bumping the most this most important thread on the realities of the geopolitical world going on outside of you all's "Western media blinders".... Americans are asleep at the wheel, just like Sleepy Joe.... wake up. The world is shifting and the gap between America and the next power(s) has closed tighter than any time in the majority of our life times. We slippin....too little, too late.
Add France to China's new global partnership..... Xi is putting together his "team".... France is first European Country to fall, there will be more.....
Add France to China's new global partnership..... Xi is putting together his "team".... France is first European Country to fall, there will be more.....
There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future.
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There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future.
There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future.
Donald Trump calls Chinese dictator Xi Jinping, "top of the line" and "brilliant" in the Tucker Carlson's interview.
"President Xi is a brilliant man. If you went all over Hollywood to look for somebody to play the role of President Xi, you couldn't find it. There's nobody like that. The look, the brain, the whole thing,"*
Former Pres. Trump has also praised two other dictators, Russia's Vladimir Putin and North Korea's Kim Jong-un, as very smart.
0
Quote Originally Posted by thirdperson:
There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future.
Donald Trump calls Chinese dictator Xi Jinping, "top of the line" and "brilliant" in the Tucker Carlson's interview.
"President Xi is a brilliant man. If you went all over Hollywood to look for somebody to play the role of President Xi, you couldn't find it. There's nobody like that. The look, the brain, the whole thing,"*
There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future.
A Google search and a Charles Swabb answer. Real good except for an obviuos mistake.
About half of global trade is conducted in dollars. And about half of international loans and debt-securities trading on offshore markets are denominated in dollars.
Your 80% of global trade is a FALSE statement. Maybe 80% of financial market transactions, NOT global trade.
But all it takes is eyes and ears my friend. Saudi's, Iran and China?? Russia & China? France saying move away from United States? BRICS?
If I was a muslim in the middle east and saw the United States filling the white house with men pretending to be women and embrassing cross dressers teaching children guess I would run to a more structured society like China.
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Quote Originally Posted by thirdperson:
There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future.
A Google search and a Charles Swabb answer. Real good except for an obviuos mistake.
About half of global trade is conducted in dollars. And about half of international loans and debt-securities trading on offshore markets are denominated in dollars.
Your 80% of global trade is a FALSE statement. Maybe 80% of financial market transactions, NOT global trade.
But all it takes is eyes and ears my friend. Saudi's, Iran and China?? Russia & China? France saying move away from United States? BRICS?
If I was a muslim in the middle east and saw the United States filling the white house with men pretending to be women and embrassing cross dressers teaching children guess I would run to a more structured society like China.
Quote Originally Posted by thirdperson: There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future. Donald Trump calls Chinese dictator Xi Jinping, "top of the line" and "brilliant" in the Tucker Carlson's interview. "President Xi is a brilliant man. If you went all over Hollywood to look for somebody to play the role of President Xi, you couldn't find it. There's nobody like that. The look, the brain, the whole thing,"* *https://www.businessinsider.com/trump-calls-xi-jinping-brilliant-hollywood-good-looks-brains-2023-4 Former Pres. Trump has also praised two other dictators, Russia's Vladimir Putin and North Korea's Kim Jong-un, as very smart.
And you have a problem with that???
Of course you do.
0
Quote Originally Posted by Europa:
Quote Originally Posted by thirdperson: There has been a long term trend toward currency diversification in global trade. One of the reasons is US weaponization of dollar against other countries. De-dollarization became a priority for Russia after 2014. Since 2018, China is also nervous due to Trump's trade war. But non-dollar transactions are still small. For example, yuan accounts for 2% of global trade in 2022 compared to over 80% for US dollar. Although a less dominant US dollar is possible, it is unlikely to lose its status as world reserve currency in the near future. Donald Trump calls Chinese dictator Xi Jinping, "top of the line" and "brilliant" in the Tucker Carlson's interview. "President Xi is a brilliant man. If you went all over Hollywood to look for somebody to play the role of President Xi, you couldn't find it. There's nobody like that. The look, the brain, the whole thing,"* *https://www.businessinsider.com/trump-calls-xi-jinping-brilliant-hollywood-good-looks-brains-2023-4 Former Pres. Trump has also praised two other dictators, Russia's Vladimir Putin and North Korea's Kim Jong-un, as very smart.
After leading a bipartisan delegate team and meeting with Taiwan's President Tsai Ing-wen in Taipei, U.S. Representative Michael McCaul (R) has been sanctioned by the Chinese.
China's action is "a badge of honor,", according to Rep. McCaul.
McCaul's statement over China's sanction:
"Ironically, this baseless action serves U.S. interests by bringing more attention to our international partners and revealing the CCP’s (Chinese Communist Party's) blatant aggression."*
Upon the Chinese sanction, Rep. McCaul will not be allowed to visit China, his asset in China will be frozen. Yet, Trump has praised China's Xi as "top of the line" and "brilliant".
0
After leading a bipartisan delegate team and meeting with Taiwan's President Tsai Ing-wen in Taipei, U.S. Representative Michael McCaul (R) has been sanctioned by the Chinese.
China's action is "a badge of honor,", according to Rep. McCaul.
McCaul's statement over China's sanction:
"Ironically, this baseless action serves U.S. interests by bringing more attention to our international partners and revealing the CCP’s (Chinese Communist Party's) blatant aggression."*
Upon the Chinese sanction, Rep. McCaul will not be allowed to visit China, his asset in China will be frozen. Yet, Trump has praised China's Xi as "top of the line" and "brilliant".
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