Post
Topic
Board Economics
Re: Strong russia and china narrative vs weak usa but the thing is
by
DrBeer
on 23/06/2022, 22:16:34 UTC
Russia and China are powerful countries. Russia is developing its economy thanks to sanctions, China supports it in this. India joined this alliance and I think these powerful powers have every chance to bypass the USA. Negotiations are currently underway to switch trade completely from dollars to rupees. This is a big breakthrough and support for the economies of these countries. Now new centers of power are emerging and this must be taken into account. These countries have large territories, a large population, a powerful army, and high technology. There is something to think about...

I have an assumption that you have not heard an entertaining and instructive story, how did Russia decide to "punish the whole world" and switch with China to settlements in yuan and rubles? I'm sure you haven't heard. The result - China refused to pay in rubles, but began to sell everything to Russia for yuan. In yuan, a couple of years ago, "unparalleled Russian economists" began to form foreign exchange reserves. Half a year later, the yuan collapsed, and all attempts to "play on the course" led to the fact that Russia lost billions of foreign exchange reserves in dollars! In a word, if you want to understand what it means to "shoot yourself in the foot" - follow the actions of Russia, they show it there almost every day Smiley