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To: Bayard

I should add, compared to those other countries.

Not that a US Dollar doesn’t have problem.s


4 posted on 06/25/2024 1:09:20 PM PDT by Bayard
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To: Bayard

Almost every country has currency problems except a few of the gulf states. You can take a collection of relatively poor countries per capita and pool their currency into one - it’s still a collection of poor countries trying to trade with each other. Might as well trade silk for spices. China and maybe Russia will come out OK from it, the others much less so.

So, China can now buy oil in Yuan. This makes sense for the GCC countries because they are spending more in China.


5 posted on 06/25/2024 1:16:53 PM PDT by monkeyshine (live and let live is dead)
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To: Bayard

The dollar is the best looking horse in the glue factory.


16 posted on 06/25/2024 2:00:36 PM PDT by Ancesthntr ("The right to buy weapons is the right to be free." - The Weapons Shops of Isher)
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