Comment by re-thc
7 days ago
> thinking you can get away with anything because you are special
Might have been the case some many years ago. Not anymore with many nations not all that far behind.
7 days ago
> thinking you can get away with anything because you are special
Might have been the case some many years ago. Not anymore with many nations not all that far behind.
>Not anymore with many nations not all that far behind.
Nothing has changed. The dollar simply has no alternatives. The EU? After the freezing of Russian assets? Uncompetitive. BRICS? Even worse, you have one dictator literally controlling all monetary policy. Gold and bitcoin are too volatile.
What about Chinese Yuan? China seems like an economically strong country with reasonable trade policy. Also, BRICS has at least two dictators.
By BRICS I've mean China and the Yuan. And in China there is exactly one person, who is deciding how reasonable or unreasonable any policy will be tomorrow.
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