I really don’t know enough to know, but if all these countries that aren’t really friends with the west but have been using the dollar stop doing so, what interest does the west have in maintaining trade? I understand China gained it’s economic status because they were willing to do the labor and manufacturing the west didn’t want to. Are they hoping that if the west stops buying their stuff the global south will buy enough to make up for it?
I really don’t know enough to know, but if all these countries that aren’t really friends with the west but have been using the dollar stop doing so, what interest does the west have in maintaining trade? I understand China gained it’s economic status because they were willing to do the labor and manufacturing the west didn’t want to. Are they hoping that if the west stops buying their stuff the global south will buy enough to make up for it?
Here’s a good podcast about US petro-dollars & how it impacts the world economy
[Congressional Dish] CD276: The Demise of Dollar Dominance #congressionalDish https://podcastaddict.com/congressional-dish/episode/159774687 via @PodcastAddict