Post
Topic
Board Economics
Re: Petrodollar to be substituted with goldbarrel?
by
EastKing
on 30/10/2015, 09:17:21 UTC
PetroYuan or PetroBitcoin is the future. China will use more oil than America for the same per capita consumption. However, China does not have strong military.
China does not have strong army? Are you kidding? Their army is 2nd in the world right not. And probably will be first in matter of years now.
Soon they will have everything (top army adn economy) to back up yuan and petroYuan will be real.

Chinese military is weak. Personally, I wouldn't put them even into the top 3 strongest (toughest) armies. Japan would knock them back into the Stone Age (again) if they were given such an opportunity...

Maybe the number of military personnel is large. It is quite corruptive. It has not been in war for many decades. It will take many battles for it to grow strong.