I can exchange a $10 note for "made in America" bag of potatoes.
Good for you. But I'm asking about what I could buy with $10. It will be very strange to buy american potatoes with all that logistics when I could buy local potatoes for roubles without any problems and much cheaper. $10 is useless for me today. So for billions of other people. Why anybody would want to keep something useless? Of coulse they will try to get rid of that useless thing.
Question is about international trade. There is no any sense to use some currency in international trade when currency issuer have nothing to sell for it and at any moment could just deny to accept them back at all.
Whose goods circulate on the international market? So whose currency should be used for trade? Simple as that.
There is no significant amount of USA goods on the market, so there is no any sense to trade in USD.
The Chinese might struggle a bit with that.
They would not. If they will need to, in the worst case they will just order half of their people to go grow potatoes, and that's all. But more probably they will exchange some microwaves and smartphones to potatoes. And they don't need dollars to do it anymore.
Neato.. so you think currency should be tied to cheap plastic junk? Quite the concept.
If the plastic junk took most part of international trade, then yes - plastic junk is most wanted commodity so most valuable. It is pefectly logical to tie the currency to the most wanted and valuable commodity.
I too could imagine they'll need to send their citizens to grow potatoes.
Then imagine that citizens will be perfectly happy to do that.
They went down that forced agricultural road before in the cultural revolution. Millions of people starved. 🤷♂️
And survived. And they have billions now. Meanwhile, how that ended eventually? Yes, China took over all world market of consumer goods. And modern people can't live a day without plastic junk. Guess, who have more power over that people?
I don't have to love or hate people who are different. It is more than enough for me to understand that difference.
They kinda look down on the Russians.. think they're stupid.
They look down on nobody. They just don't care. All they care about is their own image in their own eyes. Sometimes that could looks for others like looking down, but it is not. Chineese don't have that mostly western concept. You can't be down or up for chineese, you only could be interesting or not. And "interesting" for them is not what "interesting" mean for others.
If you account chineese as people like you with similar motivations you already lose. Just like with jews, niggers, arabs, whatever race or nation you could mistakingly believe "they like you, just another color and form".
Be like "yeah, Russia, go hit that guy... go to war with NATO, we want to see what happens"
Looks more like NATO was pushed to go to war. Long ago and everywhere. Not by China, meanwhile, they just looking how it goes.
Good for you. But I'm asking about what I could buy with $10. It will be very strange to buy american potatoes with all that logistics when I could buy local potatoes for roubles without any problems and much cheaper. $10 is useless for me today. So for billions of other people. Why anybody would want to keep something useless? Of coulse they will try to get rid of that useless thing.
Question is about international trade. There is no any sense to use some currency in international trade when currency issuer have nothing to sell for it and at any moment could just deny to accept them back at all.
Whose goods circulate on the international market? So whose currency should be used for trade? Simple as that.
There is no significant amount of USA goods on the market, so there is no any sense to trade in USD.
They would not. If they will need to, in the worst case they will just order half of their people to go grow potatoes, and that's all. But more probably they will exchange some microwaves and smartphones to potatoes. And they don't need dollars to do it anymore.
If the plastic junk took most part of international trade, then yes - plastic junk is most wanted commodity so most valuable. It is pefectly logical to tie the currency to the most wanted and valuable commodity.
Then imagine that citizens will be perfectly happy to do that.
And survived. And they have billions now. Meanwhile, how that ended eventually? Yes, China took over all world market of consumer goods. And modern people can't live a day without plastic junk. Guess, who have more power over that people?
I don't have to love or hate people who are different. It is more than enough for me to understand that difference.
They look down on nobody. They just don't care. All they care about is their own image in their own eyes. Sometimes that could looks for others like looking down, but it is not. Chineese don't have that mostly western concept. You can't be down or up for chineese, you only could be interesting or not. And "interesting" for them is not what "interesting" mean for others.
If you account chineese as people like you with similar motivations you already lose. Just like with jews, niggers, arabs, whatever race or nation you could mistakingly believe "they like you, just another color and form".
Looks more like NATO was pushed to go to war. Long ago and everywhere. Not by China, meanwhile, they just looking how it goes.