RE: Ruble9 Apr 2022 22:25
To set the record straight:
1) USA is worlds largest importer. You wants to sell to the US (China, EU do) you have to take $ or else you don't sell to the US.
2) Russia will be shipping oil and gas to China, India and others at a discount. Along with other products, at a discount. This will displae those products bought at a highr price. Guess what happens, world market price for those products will go down (perhaps a little, perhap more) as the Indian and China demand goes to Russia at the reduced price.
3) People selling to the US receive $'s. what do they do with those $'s. They use them in theor trade too or they park them in US Treasuries ready to liquidate some other time for some or other product in $'s.
Russia, with all its commodities and a population able to cope with hardship is not in a good place. The US $ is not finished yet and won't be for a while. The primary global currency tends to be under the control of the country with the biggest and sophisticated military too that is able to police shipping lanes.