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North Korea has found the way to do this. I'm sure Russia will get there as well
The same lawrov whose daughter owns a money laundry in London?
China has found a way to do this. They have their own satellites, they have CIPS-back up for SWIFT, they have Union pay so banning mastercard or visa won't matter too. They don't use Facebook, Twitter, Instagram, Whatsapp. The only thing west would be putting sanctions on is McDonald's.North Korea has found the way to do this. I'm sure Russia will get there as well
China has found a way to do this. They have their own satellites, they have CIPS-back up for SWIFT, they have Union pay so banning mastercard or visa won't matter too. They don't use Facebook, Twitter, Instagram, Whatsapp. The only thing west would be putting sanctions on is McDonald's.
Russia needs to get there as well.
Given the size of the economy, Yuan should float freely anyway. It should spread blessing and curse among all people equally. The supply and demand will help find its value position. The problem is always with socialist's mentality that prefers planning, which always benefits some at the cost of others. It is also a common fallacy that inflicts even economists to see the obvious and ignore the obscure. The latter could be magnitude larger than the obvious.China has benefitted much from a controlled Yuan through the years.
With more and more transactions shifting to Yuan, its value will appreciate over time and this dynamic will have wider implications for Chinese manufacturing industries among other effects.
Americans have advocated for a weaker USD on the other hand:
The benefits of a lower dollar: How the high dollar has hurt U.S. manufacturing producers and why the dollar still needs to fall further
The current decline in the dollar will provide a much-needed stimulus to the U.S. economy. The falling dollar will bring especially welcome relief to the internationally competitive U.S. manufacturing sector, which has suffered disastrous consequenceslost jobs, reduced profits, and decreased...www.epi.org
American manufacturing enterprise will benefit from weaker USD in short. This will lead to increase in American EXPORTS by extension.
Tell all that to North KoreaChina has found a way to do this. They have their own satellites, they have CIPS-back up for SWIFT, they have Union pay so banning mastercard or visa won't matter too. They don't use Facebook, Twitter, Instagram, Whatsapp. The only thing west would be putting sanctions on is McDonald's.
Russia needs to get there as well.
That is the beauty of the freedom of speech. Now you know what kindergarten tantrums look like.Is there anyone who can unplug Apollon from the internet? Please..?
This thread is spammed with kindergarten tantrums.