RE: Be patient20 Feb 2023 21:59
Trump saw China and Germany as the main adversaries of the US going forward cos of the Yuan and the EURO. Without them the two currencies would not exist and so USD would remain economically dominant and with it the US hegemony around the globe. It is also highly likely that the world is moving towards fewer currencies and we can expect currency pacts been made in the future eg. only last week Brazil president met Argentina's president and creating a common currency was on the agenda; GCC countries have been talking about common currency for a while now. Further, countries like India are increasingly looking to arrange bilateral trade in their own currencies marginalising the USD. Also, what is clear is that countries in Europe or countries depended on US for protection eg. South Korea and Japan against China, are towing the US line on sanctions but increasing trades in their own currencies. Countries like India weighs up its own interests before taking positions; so with Russia, India struck a deal in trading in oil and gas in ruppees and trades normally. There will come a time when Chinese will start sanctioning and it will carry more weight than US sanctions, but that is decades away. I can also see the world adopting single currency in the distant future. ...a World Currency Unit. When WCU arrives, there's no need for gold to be kept in reserve anymore as world will be one and at peace with each other. At this point gold will collapse in value. But this is at least more than 100 years away. Until then, GOLD is KING and there's no better value at present than POLY.
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