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It would be naive not to use the UNSC entry as leverage for the border dispute with India and other issues, long term China won't support it. Excellent move.
What ?
I thought we were brothers !
Jokes aside; thats not a bad idea...fits perfectly with real politick !
you are welcome to dump the dollar if you want. let see who will suffer most. I place my bet it is not the US. the debt is to pay back in dollar. and in case you don´t know the US central bank can create billions of dollar out of thin air.
second, you may study more facts than spew nonsense. bretton woods as we know it is long dead. the central element of bretton woods system is gold, or more precise the gold reserves hoarded in the US and 43 other signatory countries. $35 per ounce of gold. No, not your brics bank or other chinese propaganda, it was the unsustainable cost of the Vietnam war that crashed the dollar and ended the system. since then what we see it is just a mix of fixed and flexibel peg of all world currencies against the dollar. the yuan included.
Nixon and the End of the Bretton Woods System, 1971–1973 - 1969–1976 - Milestones - Office of the Historian
Agreed.you are welcome to dump the dollar if you want. let see who will suffer most. I place my bet it is not the US. the debt is to pay back in dollar. and in case you don´t know the US central bank can create billions of dollar out of thin air.
second, you may study more facts than spew nonsense. bretton woods as we know it is long dead. the central element of bretton woods system is gold, or more precise the gold reserves hoarded in the US and 43 other signatory countries. $35 per ounce of gold. No, not your brics bank or other chinese propaganda, it was the unsustainable cost of the Vietnam war that crashed the dollar and ended the system. since then what we see it is just a mix of fixed and flexibel peg of all world currencies against the dollar. the yuan included.
Nixon and the End of the Bretton Woods System, 1971–1973 - 1969–1976 - Milestones - Office of the Historian
Vietnam war crashed the dollar?
Oh Vietnamese boy, you have been brainwashed by the VCP.
If you actually believe the US won't lose if the dollar loses market share then you are an economic illiterate.
There is a reason the Fed can create trillions and have low inflation. Can you tell me why?
you are welcome to dump the dollar if you want. let see who will suffer most. I place my bet it is not the US. the debt is to pay back in dollar. and in case you don´t know the US central bank can create billions of dollar out of thin air.
second, you may study more facts than spew nonsense. bretton woods as we know it is long dead. the central element of bretton woods system is gold, or more precise the gold reserves hoarded in the US and 43 other signatory countries. $35 per ounce of gold. No, not your brics bank or other chinese propaganda, it was the unsustainable cost of the Vietnam war that crashed the dollar and ended the system. since then what we see it is just a mix of fixed and flexibel peg of all world currencies against the dollar. the yuan included.
Nixon and the End of the Bretton Woods System, 1971–1973 - 1969–1976 - Milestones - Office of the Historian
Agreed.
OP fails to explain why china is holding american bonds and foreign reserves in dollar then. Fake it till you make it ?
Agreed.
OP fails to explain why china is holding american bonds and foreign reserves in dollar then. Fake it till you make it ?