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> I'm wondering if the countries moving off the dollar reserve are countries we would even want on the dollar The US Government has gone to War with or at the
by shri_krishna 3y ago
> I'm wondering if the countries moving off the dollar reserve are countries we would even want on the dollar
The US Government has gone to War with or at the very least militarily involved with the entire World except for 3 countries: Andorra, Bhutan, and Liechtenstein. You vastly underestimate how much bad blood US Government has created over the years with various countries in their own capacities. Heck the USG spies on its own all-weather Allies and recently blew up the Nord Stream Pipeline (in a covert operation no less).
> I get that Russia, China would try to diversify — not a surprise though.
You might want to include India in the list too. And it should come as a surprise to you that there are plenty of other countries, who have been historically neutral, are badly wanting to diversify and de-dollarize. India now does trade directly in INR with 18 countries [1]. Just a year ago there were only 4 countries we traded in INR with (this is apart from the 18 new countries that we added recently). If this doesn't ring alarm bells nothing else will.
> (The article mentions the "Global South" - I had to look it up. That's a pretty broad region that includes all of South America, Mexico, all of Africa, South Asia.... it seems unlikely all these regions are moving off the dollar.)
You are unfortunately living in a bubble.
[1]: https://www.wionews.com/business-economy/rbi-allows-banks-from-18-countries-to-trade-in-rupees-what-does-it-mean-573123 https://www.wionews.com/business-economy/rbi-allows-banks-fr...
- legutierr 3y ago> The US Government has gone on War with or at the very least militarily involved with the entire World except for 3 countries: Andorra, Bhutan, and Liechtenstein. This is bullshit.
- mongol 3y ago> and recently blew up the Nord Stream Pipeline (in a covert operation no less) The truth is, there is no public common knowledge about who did this. So unless you are leaking confidential information here, you are just speculating.
- shri_krishna 3y agoI would be speculating if there wasn't any noise about destroying the pipelines from at least one of the parties involved. From all the sound bytes I have heard, I have never heard the Russians saying that they will blow up the pipeline. I have always heard Americans talking about how blowing up the pipeline will be a good measure to stop Putin (which to their great disappointment hasn't done anything but make it worse for Germany and Europe). Even Biden said openly that he would "bring an end to Nord Stream 2". When pressed by a journalist on how he would "bring an end to Nord Stream 2" he said it unambiguously: "We will, I promise you we will be able to do it". So there is no ambiguity as to who blew it up.
- kashunstva 3y ago> So there is no ambiguity as to who blew it up. There is no ambiguity about the Biden Administration’s intent to bring an end to the project. But his answer leaves open the question of the lengths the US was willing to go in order to see that intent fulfilled. It’s plausible but not unambiguously true that the US was involved. Unless, of course there is evidence I’m not familiar with.
- anon777778 3y agoThe "Nord Stream 1" was blown, not "Nord Stream 2". "Nord Stream 2" was completed, but blocked by sanctions (as a result of Ukrainian War). "Nord Stream 1" was operational, but Gazprom (Russia) halted delivery at least a month before the sabotage. So you could very easily twist the argument and say that blowing NS1 was an attempt (by Russia) to force NS2 approval and put more pressure on Germany to break sanctions. Note that immediately after that event gas prices went up, even though NS1 was not delivering gas at that time. If the winter was not mild, it could end in very favorable outcome for Russia.
- shri_krishna 3y agoBoth were blown. You might want to consult better sources for your information. Infact the first explosion was in Nord Stream 2, and 17 hours later Nord Stream 1 was blown up. It's literally a Google search away.
- sofixa 3y ago> The US Government has gone to War with or at the very least militarily involved with the entire World except for 3 countries: Andorra, Bhutan, and Liechtenstein Cyprus, Switzerland, Malta, Scandinavia, Finland, Luxembourg, Spain and Portugal (unless you count them allowing US bases as "militarily involved", but that doesn't cause bad blood so doubt it), Mongolia, Nepal, all of the former Soviet Union (except stuff like paying to get nuclear waste and weapons properly disposed of, which is even less of "militarily involved" and even less cause for bad blood), big chunks of Africa - Morocco, Algeria and Tunis (unless you count Operation Torch to free the Vichy France protectorates in favour of Free), South Africa, Rwanda, South Sudan, etc. Just off the top of my head, and I'm sure I'm missing a bunch even if I might be mistaken on one or two. All that to say, there's no need to exaggerate American warmongering, imperialism and neo-colonialism. It has done insurmountable damage to many counties and resulted in millions if not tens of millions of dead, all for profits of American corporations. Exaggerating it makes it more easily refutable and minimises the suffering caused. > recently blew up the Nord Stream Pipeline (in a covert operation no less). Citation very much needed. > You might want to include India in the list too. And it should come as a surprise to you that there are plenty of other countries, who have been historically neutral, are badly wanting to diversify and de-dollarize Historically neural implies something has changed by de-dollarising. Nobody owes the US trade in USD. If sovereign countries want to trade with their own currencies, more power to them.
- Dolores12 3y ago>Citation very much needed. https://www.youtube.com/shorts/FVbEoZXhCrM https://www.youtube.com/shorts/FVbEoZXhCrM
- sofixa 3y agoBloody hell I know the alternative was a near brain-dead wannabe neo fascist, but how did anyone vote for this guy? He can barely string a sentence together (not that Trump could, wow, the bar is extremely low in US politics), let him retire and live peacefully as an old man. And that proves absolutely nothing. Promises and threats are cheap.
- victorbjorklund 3y ago> The US Government has gone to War with or at the very least militarily involved with the entire World except for 3 countries: Andorra, Bhutan, and Liechtenstein. Which war do you claim that US has had with Sweden?
- TheCoelacanth 3y agoThe US has conducted a variety of military exercises[1] in cooperation with Sweden. Guessing they are counting things like that, because that's the only way you can remotely make sense of such a ludicrous claim. [1] https://www.stripes.com/branches/marine_corps/2023-04-18/sweden-aurora-marines-nato-9838327.html https://www.stripes.com/branches/marine_corps/2023-04-18/swe...