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Class War (lemmy.world)
submitted 2 years ago by to c/politicalmemes@lemmy.world
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[–] -1 points 2 years ago (10 children)

I never said they did. However they do insist that everyone participate in their "rules based trade system." What happens to the countries that don't want to participate or would rather have another trade system? What about countries that don't want dollar dominance? It doesn't go well.

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  • [–] 5 points 2 years ago (9 children)

    If you don't follow the rules of trading then don't be surprised if no one wants to trade with you. It is not our job to support you playing queen bee.

    And if you want to do your deals with some Banana Republic Monopoly Money, feel free to do so but be aware you have to pay higher prices as risk compensation if you want to trade with me.

    People don't trade With Dollar and Euro because they MUST but because it is the most economical method. Stop believing the Propaganda of Left, Right and Islamo Extremists.

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  • [–] -1 points 2 years ago (8 children)

    Do you think the rules were made fairly? They weren't, they were designed to entrench US dominance. Furthermore they've been weaponized to punish "competitors," either rightly or wrongly. For this reason several countries are making moves to undermine dollar dominance, and it appears to be on its way out. Stick your head out of the Western media bubble and have a more objective opinion on the situation.

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  • [–] 1 point 2 years ago* (7 children)

    Bro, whatever you have taken. Lessen it.

    The Rules of Free Market are not "made" but "accepted". I know, for conspiracy paranoids this is hard to grasp but sometimes things are just the way they are by nature.

    And that Dollar and Euro dominate the financial market is nothing magic but simply the fact that they are free, stable, reliable and backed by huge industrial power. But feel free to use the Eritrean Nakfa instead to pay your bills. Tells us how well it worked.

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  • [+] 1 point 2 years ago* (last edited 2 years ago) (6 children)
    [removed by mod]
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  • [–] 0 points 2 years ago (5 children)

    Talk like an adult, at least if you are one.

    How well other currencies work we see in the Russia-India Trade Relations. Russia must accept India Rupies for which the Russians can not buy one single thing they actually need. And the Renminbi from the Chinese are forced upon them at an exchange course so far from reality that it is easier to buy dollars on the black market for Russia. Iran and Russia do not even trade in money anymore as both currencies are so volatil and non-usable that they now do barter trade.

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  • [–] 1 point 2 years ago (4 children)

    Why are you such an ass? If you're actually trying to teach me something then you're failing miserably due to your attitude. TaLk lIkE aN aDuLT, ffs. Who do you think you are?

    Anyway, for any curious readers who have, for some reason, dived this deep into this comment thread: Here's some relatively recent shit from JP Morgan that doesn't quite line up with the snark my new friend is regurgitating. There may be subtle signs that de-dollarization is beginning, for example:

    ...some Indian refiners have begun paying for Russian oil purchased via Dubai-based traders in dirhams, while others are considering doing so in yuan. Saudi Arabia is reportedly exploring the acceptance of payments in other currencies. In addition, major Russian commodity producers have started issuing bonds in yuan. In September 2022, state-owned oil company Rosneft made a public offering of 10 billion yuan in bonds, followed by a second tranche of 15 billion yuan in March 2023.

    There's a bit more in the article, but where there's a will there's a way. It'll take awhile, but global dollar dominance is on its way out.

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  • [–] 1 point 2 years ago

    Not sure why this was removed from the thread, but in case anyone was curious:

    The rules were definitely made and were accepted by most of the world for awhile. That is currently changing, to what, we don't know. Yes, the Dollar and Euro are stable for now, but other major players in the world are uneasy with the way sanctions are being used, thus they are actively seeking to undermine this regime.

    Hey so maybe stop being a dick too? This discussion really isn't that exciting.

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  • [–] 0 points 2 years ago (2 children)

    Why are you such an ass?

    Aw, did my little Friend just met someone who is not impressed by his angry foot stomping? How cute...

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