All this happens when an empire comes towards its end and it becomes more desperate to maintain its hegemony over the world order....lol. The problem is that it is already game over for the US and China has already won. China is the top trading partner for over 120 countries. The next clever move the U.S needs to do is kick Chinese banks off SWIFT, freeze China's U.S bond holdings and their mission to destroy the U.S dollar is complete
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You see people are gonna buy Chinese goods regardless of what US does the same way countries continue to buy Russian oil. They will just not use the U.S Dollar or any banks connected to the western financial system. There are plenty of Chinese Banks around world to facilitate bilateral trade with China. China makes goods at a price point that cannot often be beaten. Goods often that are not made in other countries and it is a huge consumer market going into the future. Countries like Saudi Arabia will continue to sell oil to their number one client - China but no longer in USD. The Europeans...well good luck to their industrial base if they follow U.S into the abyss. Ask
Germany what their auto industry would look like without China for example even though demand for their cars in China is falling as China is now the worlds biggest automaker.
One in three German cars are sold in China. The world's largest car market is increasingly developing into a lifeline for manufacturers during the coronavirus pandemic. But this also creates risks.
www.dw.com
Anyway fun times ahead as U.S is doing everything possible to speed up de-dollarization sadly. There has to be people who work in the U.S government that no very well that all these actions will backfire liek Russian sanctions and are wilfully working against the U.S best interests as no one can be that naive in U.S I hope
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