As financially unsound as we are, seems like a really stupid idea to move from the dollar to the less valuable (and still falling) Ruble. It’s been falling for awhile now, and not because of Ukraine. There is only so far you can go with a Gangster-Russian version of capitalism, and the Chicoms, who are building entire ghost cities where no one even lives, are going to implode eventually soon. We might crash too, but there’s a difference between them and us. Neither have the longevity and the internal strength of the American people, who are not used to being slave-born, but are always up for surpassing ourselves.
“Neither have the longevity and the internal strength of the American people, who are not used to being slave-born, but are always up for surpassing ourselves.”
You are talking about the old U.S.A....
This is the New U.S.S.A., where the only thing that matters is gay sex.
Russia is now where we were at around 1955, concerning development and economic growth.
They are undertaking HUGE infrastructure projects to open up the vast, empty parts of the country, and this will have a huge, long-term effect on world economics, I believe.
Meanwhile, in America, it takes 30 years to build a third runway at O’Hare.
The “rest of the world” has been looking for an alternative currency to the dollar for some time now. They’ll agree on one currency eventually. Not that it’ll last, but the USA will certainly not be unscathed, to put it mildly.
Well, the idea of buying from the Chineese for RMB and from Russians for ruble looks natural, isn’t it? This situation doesn’t mean that any of the currencies become universal.