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Whoa. Downvotes ... As if world power had something to do with technicalities, IT-systems, which currency to transact in. Sorry guys. This is not how the worl
by chvid 8y ago
Whoa. Downvotes ...
As if world power had something to do with technicalities, IT-systems, which currency to transact in.
Sorry guys. This is not how the world works.
The USD is dominant currency not because of the lack of alternatives.
The USD is the dominant currency because USA is the dominant military power by an order of magnitude.
As long as that is the case it means the EU can get only token independence. Ultimately if the US says no - you cannot deal with Iran. Then that is the way it is.
Does it mean that the EU is going to be nuclear bombed by the US? Of course not. It is much cheaper to go: One of your banks. It is not allowed to trade in USD anymore.
- quantummkv 8y agoYou know the brits used to have such delusions back in the day. Look where they are at now. >The USD is the dominant currency because USA is the dominant military power by an order of magnitude. Wrong. The USD was dominant currency because USA was the only major country untouched by WW2. Every other major country had it's infrastructure bombed and shattered. It is the dominant currency today because everyone is lazy to change the status quo as long it is working. If USA upsets the status quo it will be replaced. Just ask your cousins across the Atlantic how that works. P.S. your armed superiority is a joke. You were unable to defeat a bunch of untrained rice farmers. Your only armed victories in the last 50 years were against civilian militias. Any serious war with the standing armies of Russia, China or India will get you creamed. The only reason you are tolerated is because no one wants to be the one to start a war.
- gandhium 8y ago> Every other major country had it's infrastructure bombed and shattered. Spain? Portugal? Brasil? Australia? > your armed superiority is a joke. Ah, comrade, I understood now. Check the score of recent clash with your "Wagner" mercs. How many US lost? Yes, zero.