Post
Topic
Board Economics
Re: US vs. China Tariff War Dashboard
by
The Hidebehinder
on 14/05/2025, 11:26:07 UTC
Without getting into the political game you guys seems to play out more form ego than anything else, thing is everything is based in $.

I'm from EU, I buy a shitload of stuff from Alibaba (not express) so bulk items, I pay in Euros from my bank, the sellers think in renminbi, yet the deals are always made in $, I am joyfull now as the euros has gone up 10% compared to the $, I am sad cause they also raised price by the same devaluation, somewhere in between 5-10%, why the fuck should I care about their currency? I hear cheers that BTC will hit another ATH in like 3k usd, nobody looks at us Europeans who are still over 10k euros from that, everything wherever you go is still priced in $.

End of the petrodollar, great, like I care what Trump and those that voted for him drive the country to!
Saudi rial, pegged to the usd, Qatari rial, pegged to the usd, Oman rial pegged to the usd,  UAE dirham , pegged to the usd.
All oil all gas all LNG will still be in usd after this.

So what's the point of switching to those currencies when their value is still dictated by the usd?
FML, you check Brent oil, oil from Europe to Europe, traded in London and it's in fucking $.