just military power. I’m talking economic power. As long as the dollar is the world’s reserve currency we are fine. But we have to keep it that way. Bring manufacturing back stop giving away free money we can’t afford.
Fight the Cold War with dollars not tanks.
accomplished this. I am interested in the details, but am very happy for all Ukrainians if they maintained their independence.
Given the history of the Iran Deal and pallets of cash,like to know if this was accomplished with threat or bribe. If it was with threat (economic or arming Ukraine for instance), then great, kudos will be due to Biden on his first meaningful accomplishment.
But I give him credit for threatening Russia.
…..then I am very happy.
If this was the case, it will help preserve Taiwan and world order also.
And if you believe any of that...
sanctions would crush their ability to sell oil and natural gas. Can’t understand why the world doesn’t understand the power of the US dollar as the world’s reserved currency.
I cannot trade for gas and oil unless it is based on the dollar. If you can’t get dollars you are not able to trade.
All world commodities are traded in dollars. Period.
I deal with petrochemical and commodities traders almost every day, BTW.
dollars. If you have a different experience I would like to here it. So I know that if you are a European or Asian petroleum supplier you need to pay in dollars. There was an attempt some time ago to pay in Euro’s but was short lived.
I’ll admit I don’t know everything if you have a different experience I would be interested.
Best
...the world's reserve currency.
China has made some forays to attempt to change that ...but has not met with any success as yet.
(My post was, however, merely poking fun at BIden and his belief, in his own mind, what a tough guy he is.)
to remind him. Xi is in the same situation. Imagine what we could do to China if they invaded Taiwan. Business is the new denominator not tanks or guns.
We just need to get our house in order.
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than me so you know better. Right? If you have a point make it. Or are you just a Trump cultist.
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We are borrowing your 2 daughter's money, your grandkids' money to bribe Afghan, Ukraine...these corrupted countries. You are a joke. I tried to save some of your face by NOT touching your other points. But you're begging for being ridiculed.
Did you know Russia has dumped almost U.S. dollar based assets?
https://www.bloomberg.com/news/articles/2021-06-10/russia-sold-5-billion-in-may-as-part-of-oil-fund-dollar-dump
priced in US dollars. So regardless of our internal issues on spending issues, other countries need to hold dollar reserves to exist. Russia and China included.
So we are the cleanest shirt in a dirty laundry basket. Don’t you get that? So Putin’s oligarchs told him what would happen and he backed away.
Are we running our economic basket well? No. But we are the world’s safest bet. And can damage other country’s economies because of that.
Do we deserve that? No, but no one is able to meet our safety.
So we backed Putin down because he was convinced an invasion of Ukraine would send his country into a depression.
Do you understand any of what I’m posting or are you just a Trump vs Biden guy?
As I told you Russia no longer have U.S. dollar as reserve. As the whole world but you know China of 1.3 billions in population can take all the Russia gas and oil export. China would be the real winner of the cold war that you are longing for. Meanwhile you and your cold warmongers are destroying u.s. dollars, and making your kids and grandkids pay your cold war price.
So if you know anything it’s in US dollars. Same with China. What currency does the world’s commodity sellers demand for payment? US dollars. So if you know that, which you don’t obviously, what do other countries need for commerce?
US dollars. So other countries need to buy dollars right? Are you this dense?
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that can deliver that to its citizens and the world. Seems some believe we are not Rome anymore. Putin now knows where global power is based. Xi still needs to learn.
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