Quote (Goomshill @ May 16 2024 03:14pm)
Xi Jinping and Vladimir Putin hailed the erosion of US petrodollar hegemony today, with prepared remarks noting 90% of Russia-China trade is conducted in Ruble/RMB, calling de-dollarization inevitable;
I'm curious, at what point do the proponents of the Ukraine proxy war admit its been a catastrophe for US national interests?
At what point will people fess up and mea culpa like they did for Iraq and Afghanistan, and for a lesser account Syria and Yemen and Libya
The writing is on Belshazzar's wall, and I could always explain why this was such an unforced error even before it began but now we're just being thumped over the head with our failure. Russia is winning the war, the world is aligned against us, we're losing our leverage. And its not like the Ukrainians are better off for it lmao
At the point the de-dollarization is actually a reality. Its not. So not now, or soon.
Global trade benefits from transparent and stable currency. The Chinese and Russians heavily, heavily manipulate their currencies and with authoritarian cults of personality come unpredictable outcomes and potentials.
That ain't attractive for third parties.
Ukraine still exists because of their will to fight. Otherwise the whole region becomes the Russian federation.
Its not really our place and certainly not yours, to decide if Ukrainians are better off. Its up to them.
This post was edited by Prox1m1ty on May 16 2024 10:33am