Australian Politics Forum - Americas decline

tallowood

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Australian Politics

Posts: 5807

Re: Americas decline
Reply #15 - Oct 31^st, 2024 at 10:44am

Quote:

And both Russia and China are depending on US money.

Not so much anymore.

Quote:

in 2023, the use of the Russian ruble and China’s yuan in trade between the two countries reached 95%.

https://www.brasildefato.com.br/2023/12/21/de-dollarization-95-of-the-trade-between-china-and-russia-didn-t-use-the-us-dollar

Same goes for India and some other, mostly BRICS, but not only, countries.

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Reality is a figment of imagination

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tickleandrose

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Re: Americas decline
Reply #16 - Oct 31^st, 2024 at 11:11am

tallowood wrote on Oct 31^st, 2024 at 10:44am:

Quote:

And both Russia and China are depending on US money.

Not so much anymore.

Quote:

in 2023, the use of the Russian ruble and China’s yuan in trade between the two countries reached 95%.

https://www.brasildefato.com.br/2023/12/21/de-dollarization-95-of-the-trade-between-china-and-russia-didn-t-use-the-us-dollar

Same goes for India and some other, mostly BRICS, but not only, countries.

As I understand it. In order for say the Chinese to buy or sell any goods to any other country, they would have to trade in US dollars. The same with Russians.

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tallowood

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Re: Americas decline
Reply #17 - Oct 31^st, 2024 at 11:24am

tickleandrose wrote on Oct 31^st, 2024 at 11:11am:

tallowood wrote on Oct 31^st, 2024 at 10:44am:

Quote:

And both Russia and China are depending on US money.

Not so much anymore.

Quote:

in 2023, the use of the Russian ruble and China’s yuan in trade between the two countries reached 95%.

https://www.brasildefato.com.br/2023/12/21/de-dollarization-95-of-the-trade-between-china-and-russia-didn-t-use-the-us-dollar

Same goes for India and some other, mostly BRICS, but not only, countries.

As I understand it. In order for say the Chinese to buy or sell any goods to any other country, they would have to trade in US dollars. The same with Russians.

Used to be but after US weaponised dollar more and more countries turned away from the dollar and euro in international transactions and relied more on China's yuan and Russia ruble.

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Reality is a figment of imagination

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Frank

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Re: Americas decline
Reply #18 - Nov 1^st, 2024 at 11:48pm

tallowood wrote on Oct 31^st, 2024 at 11:24am:

tickleandrose wrote on Oct 31^st, 2024 at 11:11am:

tallowood wrote on Oct 31^st, 2024 at 10:44am:

Quote:

And both Russia and China are depending on US money.

Not so much anymore.

Quote:

in 2023, the use of the Russian ruble and China’s yuan in trade between the two countries reached 95%.

https://www.brasildefato.com.br/2023/12/21/de-dollarization-95-of-the-trade-between-china-and-russia-didn-t-use-the-us-dollar

Same goes for India and some other, mostly BRICS, but not only, countries.

As I understand it. In order for say the Chinese to buy or sell any goods to any other country, they would have to trade in US dollars. The same with Russians.

Used to be but after US weaponised dollar more and more countries turned away from the dollar and euro in international transactions and relied more on China's yuan and Russia ruble.

At the and of WWII the British pound was superceded by the US dollar as the price of support.
The US dollar will similarly superceded. That will be the end of US supremacy, as it was the end of the British one.

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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