Quote from: viljy on Today at 07:58:26 AM

Quote from: coupable on May 10, 2025, 07:15:14 PM

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But how long can Russia tolerate selling its products to China for yuan, which it is forced to reuse to purchase Chinese goods only, since it cannot purchase anything on the global market. The issue is very complex and all we see are attempts and not solid projects with a clear vision.

I think for a very long time. What can you buy on the international market that is not Chinese, if almost everything in the world is made from China? The United States imports all its goods from China and lives well by consuming Chinese products. In general, the currency of trade is essentially a unit of measurement, not a value in itself. Only the product is important. This began to be forgotten when the dollar began to gain self-worth. Why did this happen? Figuratively speaking, because "dollar production" has become the main "industry" of the United States.

Theoretically, given the importance of the Chinese economy, which represents the factory of the modern world, the Chinese yuan could be used as an alternative to the dollar. It could replace the dollar as a medium of exchange, as a commodity, and as a unit of measurement. Theoretically, there is nothing to prevent this, but only if America accepts it, which is unlikely to happen. The American economy is very fragile, and it has recently become clear that it is heavily dependent on American influence, which is primarily based on military power and the dominance of the dollar. Despite all evidence that dealing in the Chinese yuan is a good substitute for the dollar, few will follow this path for several valid reasons; First, their local currencies are pegged to the dollar, and therefore they must continue to support the dollar by all means available. Second, there is dependence on America, as most regimes are loyal to America and do not implement policies that conflict with American interests; otherwise, no one can predict the repercussions. Third, there are new fears of Chinese encroachment on the world, after it has imposed economic hegemony, and now imposes financial hegemony through the yuan. This is very likely to happen because China is not an angel of peace.

Getting rid of the dollar is a slogan raised by everyone, especially those who oppose American influence, and I can say that this is a legitimate ambition. But what are the alternatives and how can they be established? No one has the answer yet.