nostr:npub106dam65ww9ztdqj26xvh08dyuc7lj7nmkrtrujwsmyq2n6g3r33saq3m89 nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h It's an enormous gap to bridge for the RMB. It seems far more likely to reach a state of multipolarity, where a majority of legacy trade deals and renewed trade deals are done in dollars because it makes more sense than direct currency trade, and specific cases where direct trade makes more sense, and specific cases where using a coalition-dollar like BRICSbucks makes more sense, reaching some equilibrium where the US still has legacy pull, but will be forced to become competitive again in the face of a new multipolarity of power.
nostr:npub1wmxn3vqkzhd2a47gkt6hdjwp49cxzl3m0l67pzkrn9kllhrkhfhqfxv89s nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h the dollar had ~ 8% official inflation last year (or the year before) and our international credit rating was just downgraded slightly.
i don't know how long the USA can rely on inflation, debt and wars propping it up.
nostr:npub106dam65ww9ztdqj26xvh08dyuc7lj7nmkrtrujwsmyq2n6g3r33saq3m89 nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h Well, three years longer than the majority of people thought so far. And let's not ignore that I'm the owner of collapse.pub in this discussion, I kinda have vested interest in collapse and pretending that what has worked for them for so long is going to stop working because... they're doing the exact same things they were before, will somehow result in crash as compared to recession cycles of differing degrees, is wishful thinking.
