They’re not even going to stop buying Russian gas & oil lol.
They can’t, the economy would drop into a sinkhole.
It’s been kind of hilarious to watch Europeans talk smack and their leaders pretend how Europe is now independent from Russia, while the only thing that allows European economy to continue to hobble along is buying Russia energy at a markup through third parties.
The US has already demonstrated, by seizing Russian central bank assets denominated in USD, that the USD isn’t worth the paper it’s printed on and can’t be trusted further than you can throw it.
The Euro is already getting hit hard by the growing trade and balance of payments deficit with regards to the USD, showing the world the Euro isn’t a safe and trustworthy currency by unilaterally seizing the assets of a sovereign central bank would only make the problem worse and add longer term consequences.
Lol compared to what?
China? India? Russia?
A huge defining fact in a currency is how stable it is. Those competitors aren’t as stable and more than half of those are far more politically unstable.
Meaningless
Wait, wait, wait, you seriously think that China is less politically stable than the US? 😂😂😂😂
Actually that was the one I didn’t because Xi has it pretty tied up.
Ironically that’s why people wouldn’t also trust China. He will do what you’re all pointing at the US/EU doing to Russia far more because he has already, often.
So again how is anyone better than the dollar?
That’s the most delusional thing I’ve ever read. Go look up world perception of China outside the western bubble, especially relative to perception of US. The dollar will be used by US and the states US managed to vassalize, everybody else will move on. It’s already happening, but people living in the belly of the beast still can’t see it.
And I’m asking you who will they use?
Because it won’t be the countries I named. China isn’t financially stable, India isn’t politically stable, Russia is lol.
So who will they choose?
The fact that you think China isn’t financially stable simply illustrates your ignorance of the subject you’re attempting to debate here.
However, the reality is that you don’t need to have a global reserve currency. Anybody who has any historical literacy would know this. Trade can be done in local currencies the way it is already being done increasingly.
All that said, the reality is that yuan is being increasingly used for trade and even western media openly acknowledges this.
- https://asia.nikkei.com/Business/Markets/Currencies/China-s-yuan-rises-to-4th-most-used-currency-in-global-settlements
- https://finance.yahoo.com/news/chinese-yuan-gives-us-dollar-093000096.html
- https://www.bloomberg.com/opinion/articles/2023-12-07/yuan-shows-some-muscle-increases-share-of-global-trade
Maybe spend more time educating yourself instead of trolling here?
