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China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
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China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

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China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

China and Russia have been spearheading a movement to shift away from using the U.S. dollar in international trade. At the moment, the shift is happening gradually, but at some point a tipping point will come (for example if Saudi Arabia were to declare that it will no longer take U.S. dollars for oil) and the entire global financial system is going to change. When that tipping point comes the global demand for U.S. dollars is going to absolutely plummet and nightmarish inflation will come to the United States. If such a scenario sounds far out to you, then you have not been paying attention. In fact, China and Russia have been working very hard to move us toward exactly such a scenario.

Just the other day, China and Germany agreed to start conducting an increasing amount of trade with each other in their own currencies.

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar -

I would not characterize China's and Russia's behaviour here has "ruthless"; rather, it appears to be a form of asymmetric economic warfare, given that the US government has been relentlessly encircling both countries with bases, and developing defense deals with surrounding countries adjacent to both Russia and China.

Neither Russia nor China want an overt war against the US, so they are going with a trade war against the dollar.

And with the US government debt at 103% of its gross domestic product, leadership of both countries understand, very clearly, what the most likely end-games for the US will be; a potential revolution in this country, or a complete economic collapse.

That they are moving trade away from the dollar at this point, given the state of the American economy, may well appear to be the prudent thing to do, from their perspective.

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