China is a factory nation, dealing with its own massive real-estate bubble.
It won't become a reserve currency, and only survives economically due to other nations buying their garbage.
Ever heard of BRIC?
” China is a factory nation, dealing with its own massive real-estate bubble. It won’t become a reserve currency, and only survives economically due to other nations buying their garbage.”
The US won’t have a say in it. India is already working around the dollar to trade with China, and other countries will be making their own choices.
Problem with knocking out Russia from SWIFT is that we make the choice that much easier for those other countries.