4 ms·
The problem is not the midterms. The problem is that the world has been thoroughly spooked by the West cutting off Russia from trade and payment systems. Countr
by mav88 5y ago
The problem is not the midterms. The problem is that the world has been thoroughly spooked by the West cutting off Russia from trade and payment systems. Countries like India, China and Saudi Arabia are already moving to other currencies for international trade. When that trickle becomes a flood, then the dollar will crash - because there's nothing holding it up apart from its reserve status. You already have $5 per gallon gas. Then it will be $10 and you'll have to find ways to buy food without getting in a car and driving the few miles to the grocery store. It's going to be nasty.
- astrange 5y agoNah, the USD will be fine. Where are you going to go? China won't let you use the yuan and everyone knows they'd be even more controlling with it. See Question D on https://www.igmchicago.org/surveys/ukraine/ https://www.igmchicago.org/surveys/ukraine/. Also, USD has actually gotten stronger in the last month, and the sanctions were mostly on EUR anyway.
- mav88 5y agoRussia is just going to trade with China and the rest of Southeast Asia and vice-versa. India is going to trade with Russia. Saudi Arabia is going to trade with Russia. Russia has things that nations actually need: wheat, oil, gas, nickel and so on.