China, Saudi Arabia, India, and Russia are forming a pact to not use American dollars for transactions. For India to go that way just shows what a worthless piece of crap Biden is. US will be a third world country soon.
Yes , US will lose world reserve currency within a year
No, I live in fantasy land and can't face reality. I will believe the lies Dan Rather tells me.
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Is it all over for America , since India, Saudi Arabia, Russia, and China will not be using American dollars for transactions, and it is all on Biden?
The U. S and Europe together has a GDP of over 40 trillion.
India/China cannot even approach that. Russia's GDP is the size of Texas and by the time this is done, it will be the size of Vermont.
Get the fuck out of here.
The U. S alone. . .
$22.99 trillion
Current-dollar GDP increased 10.0 percent, or $2.10 trillion, in 2021 to a level of $22.99 trillion, in contrast to a decrease of 2.2 percent, or $478.9 billion, in 2020 (tables 1 and 3). Jan 27, 2022
Your the one that don’t understand how finance works. The dollar has such value because of the petro-dollar. If you cut away a massive chunk of oil you cut apart the value of the dollar. Furthermore China owns most of the US debt which we can’t even pay back in a year taking 100% of our taxes for that alone… furthermore Russia don’t need to worry about their currency if this splits the world between their ruble and our dollar considering our dollar will have no value in the economy they setup and they have nearly exclusive control of oil production in Europe. Nvm the fact Russians a MASSIVE land of untapped resources.
Imagine cutting the value of the dollar in half, giving our debt to the enemy, promoting strengthening ties between multiple enemies and thus allowing them to make a new system to rival our own… and you say this won’t effect us?
@VanillaSalt Yawn. . . so you know how finance works. Haha!!!
Does anyone believe China would recall the U. S. debt when that would affect the worth of the dollar?
You hold a trillion dollars of U. S. debt, you call all that debt in and by the time you get it, it is worth less than half that?
You guys are hilarious.
CHINA IS THE BIGGEST HOLDER OF DEBT? THAT IS A LIE.
MOST OF THE US DEBT IS HELD BY OUR VOTING PUBLIC.
CHINA IS THE SECOND BIGGEST OUT OF FOREIGN DEBT OWNERS.
Japan owns more debt as China. No one in their right mind challenges the U. S. economy, outside of Europe there is no economy as robust and as diverse. We sell oil products, wheat, electronics, machinery, automobiles, services, etc. any idiot begging on the street knows it is an economy's ability to produce that is the true metric. We have carried debt for decades. And it when trump added to that debt, not one trumpturd said a single solitary word.
So stop watching your political youtube channel for knowledge and read something is objective fact.
Major Foreign Holders of U. S. Public Debt Japan is the largest holder of U. S. debt. Japan $1.3T China $1.07T United Kingdom $647.4B Ireland $334.3B Luxembourg $323.5B Cayman Islands $261.9B Taiwan $251B Brazil $244.5B Hong Kong $225.7B France $224.4B
China would recall it's debt in gold bricks... not shitty paper dollars, empty out Fort Knox (if there's anything in there) the other federal reserves and probably slam down a nice confiscation order as you guys had before, will be funny watching mumble rappers pulling out their teeth/grills
@jamesgoldman haha!! Let them try. Try to go to your bank and withdraw gold. You guys have no idea how finance works or how the US economy runs. China holds US bonds. Which is less than 4% of our total debt. That’s what happens when you do no research and watch YouTube. Again Japan owns more bonds.
The bonds will be trash... look up trade dollars that exact how things used to work and China is one hungry motherfucker in regards to gold, they have about 20,000 tonnes by decent estimates and won't turn down adding more to their current import list
@jamesgoldman haha! So now the bonds will be trash. So why would China sell them back? And why would we not be able to sell them to other people? I just posted that US citizens, banks, businesses buy more bonds than all foreign nations combined.
You guys are hilarious.
Again. The US debt. YouTube graduates pay attention.
Bonds are just lottery tickets for the rich, only difference is you can knock them off your tax bill hence it's great to buy if you are using the domestic currency primarily If you don't hold it you don't own it so digital shit and junk paper ain't worth a silver dime
Are you stupid giving only 2 choices? You must be to give only 2 super biased choices…
It’s simple. America will split or war between itself OR highly unlikely due to the upcoming suffering we’ll have for all of Biden’s term and probably the first year or 2 of most likely trumps 2024 term and come together again to rebuild America and nato under its own separate system. Fact is we’ll be seeing a new world order very soon where NATO and the EU countries cannot maintain relations perhaps at a Russian Cold War level. And it’s proven lacking trade relations between groups gives greater risk of and lesser deterrent to war.
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Anonymous
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+1 y
China's economy is already in trouble and India's economy is soon to face trouble. Both countries depend on cheap labour to trade manufactured goods competivley but the problem they face is the next wave automation in the west making it cheaper for the west to manufacture at home. Saudi Arabia depends on oil profits to support themselves but they are running our and the Saudi Prince's are too greedy, b4 the Saudis kept a lid on extremism by free cash to their people but now Saudis are having to get jobs and pat tax. A revolution is coming. Russia is being got out of the way as a regional power in Eastern Europe and central asia. After this is over the US will have control of the black sea and with Georgia be able to reach the caspian sea to Central asia. This is to cut Russian oil/gas profits. This has been planned out for 20 years. Biden has no control. America controls 80% of the world's wealth.
You are right America's days are numbered. The socialists /liberals have destroyed the dollar and the system. They put good people in prison and let murderers rule the streets.
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