The SC
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Russia is crushed into oblivionWe can discuss this once Russia is crushed into oblivion. We are at war and Europe is not willing to lose it. So far it looks quite good. Russia suffers extreme high casualties and as it looks like it loses its power in central asia too. Kazakhstan and Usbekistan denounced Russia and offer full support to Ukraine. Nobody likes losers brother. And russia is losing bad.
Btw in Germany banks now blocked accounts of all russian citizens. They cant even get welfare money.
Without factories, there would be no goods. The absence of commodity support means the complete collapse of the western monetary system and the most vicious inflation.
China can certainly give up its worthless debts. China will use necessities to require other resource countries to use CNY for trade settlement. You can use dollars to rebuild the industrial chain from scratch.
But at that time, I'm afraid no country would accept the dollar. Because you can't provide any goods for these dollars.
You can imagine that Tesla's automobile factory, Apple's factory, patents and factories of various chips have suddenly become the property of Chinese state-owned enterprises overnight. Even some factories left in the West will stop production due to the rupture of the industrial chain. What will happen to the USA? You will be forced to rob necessities with guns, just as blacks once did.
Without enough material, I'm afraid the American warships and tanks at that time were a pile of scrap iron, which could not even repeat a war in Iraq. Of course, it is more likely that the US military is busy quelling domestic riots.
Russia is crushed into oblivion
the dollar go in other investment.to bring more money back
a question what other countries do when they use foreign currencies to back their money ?
by the way you must consider one small fact . printing money is not inherently bad , it become bad when you print money but you cant spend it
in 2007 - 2008 we had 50 billion dollar in reserve ,our economy was more than 500 Billion , how we survived ?
very simple all economy is not foreign trade , you must ask yourself how much of that 1.4trilion Dollar is generated inside Russia and how much that part which is generated inside Russia will be affected by sanctions .
First of all, Biden lifted some payment systemwe were not allowed swift , we were not allowed trade in valuable metal , our oil industry were sanctioned , we were not allowed to trade in Dollar .
every company wanted to trade with us would have been sanctioned if it get known . i wonder if you mean another iran . we were not even allowed to loan money for fighting Corona virus while according to all laws we were entitled to the loan because we didn't ever used our right to borrow money .
we learned to live with sanction , we used transaction systems which were used since thousand of years ago , we also used barter system , ......
when sanction put on Iran , iran currency lost 90% of its value . so nothing new there . the only difference is we don have that much of foreign debt .
Iranian rial lost 90 % of its value in 2004-2005 and again 30-40% in 2018-2019 . but the economy is not only foreign trade for all countries ,for some yes but for countries like Iran foreign trade is not even 10% of our economy , the rest is based on what we do inside our country ,and that made some country more resilient to sanction , and I believe Russia also have a big bunch of economy based on their country not foreign trade , that's why they survived the fall of USSR and the years after it and that's why I believe they survive this time
they stop trading it in form of not using it to pay for oil .
Good luckIt is. Russia had 1000 years european history. Its completly wiped out. Evry connection cut off in trade, sport, culture. On military side they have massive losses and EU and USA flood endless stream of weapons into Ukraine. Ukraine has become toxic Environment for Russia. Its Impossible to hold land where evry granny owns 5 MANPADS
You know what I also think, Russia could very easily turn democratic. who would have thought 15 years ago that Ukraine would be fighting harder than anyone for freedom and democracy?Russian soldiers trying to intimidate grandmas in Ukraine village ...
They were told they get celebrated but are insulted by the village grandmas as facists and freaks
This is why Russia has lost Ukraine. Whatever sympathy was, its all gone. Ukraine is part of the free world
So because other can do you can too? Because thieves can steal you too? There is no excuse for Russia.1. I mentioned to you three other destroyed countries - Iraq, Libya and Syria. Where is your empathy for those ?
2. How is what I said nonsense ? I just speak of a way for peace in humanity.
But the Western governments whom you seem to support have the right to dictate to others ?
Why would China support the west when they west is constantly sabatoging, demonizing and vilifying China on a daily basis? Do you think China exists in a vacuum, totally unaware of which countries are trying to hurt it and which countries bankroll billions to create a regime of fake news to destroy China’s image?It would be painful for both. And best avoided. Europe would just rebuild supply chains and invest in other counties. Maybe Malaysia, Vietnam or even closer to Europe that has cheap wages. Maybe Ukraine. Or what’s left of it.
But China should support the rules based order. It better for all. A new system if we are forced into it might not be a fair as today.
And there is no guarantee that China will be better off in the new system. South Korea and Japan might go nuclear. EU might establish new colonies in Asia. Have spheres of influence in Asia.
Its worth defending this system for everyone I think. Let’s see what China decides
May I ask where that money come from?You dont need to back the deal, Russia gets Yuan and uses it to buy Chinese goods the same day. You are twisting your self up in knots with this idea that there must be some backing or extra printing of money or extra generating of yuan. China already had that money with which to buy oil.