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Will there? I think what's behind all this reckless spending is the fact that the US armed forces are the biggest and most powerful in the world. While they ha
by ChatGTP 3y ago
Will there?
I think what's behind all this reckless spending is the fact that the US armed forces are the biggest and most powerful in the world. While they have the most guns and are prepared to use them, it's not going to be easy to change this world order.
Like, who's going to stand over the 7ft 300lb thug?
The US wont just sit around while their position is eroded,at least in my opinion.
We're also relatively good allies and I think this goes a long way too.
If China had a 10x more powerful military and Navy than the USA, had experience in combat and was willing to use it. It wouldn't take long for the Yuan to win.
- RandomLensman 3y agoYou need a currency that buys stuff and that other people want to have - military might alone isn't sufficient at all. The ruble was never a great currency, no matter how mighty the USSR was, for example.
- bobthepanda 3y agoChina does not want the yuan to “win.” The Chinese state views control over capital flows as more important than the prestige of reserve currency. They can, and have, clamped down significantly on foreign outflows when they deem it necessary.