Russian Chinese trade Just imagine what would happen if actually the world itself shift away from the dollar as it's major currency for trade. After reading on how the Chinese and Russian are now doing their trade on their local currency makes me wonder how is possible that the whole world haven't come to the sense that this can actually be possible,
China now dump dollars but off course they do it why would you hold your money in something wich doesn't give you anything.
Look japan and china been doing social service help for usa banks and financial instutions.
Look the rates.....what they have gained of this to hold usa treasuries is just helping usa so basicly china been just good guy towards to USA but when trump decided to put tarifs then the good guy is over finished and they dump usa treasuries.
From where USA will find someone who is willing to either borrow dollars or invest large enough in USA treasuries, those kind of wealth have only China emirates Qatar Russia and India. - but why would any of them will invest money in USA debt with that rates lol i would't.
What comes next most logically ? USA will find the nations big enough in crisis and then they will borrow money from USA because Crisis / wars will be big enough so they are forced to borrow or have usa financial aid even with non beneficial deal but just to survive.