Russia And China Just Launched Full Scale Attack Against The Dollar! | US Is Not Ready!
Russia And China Just Launched Full Scale Attack Against The Dollar! | US Is Not Ready!
The world of money and finance is like a big puzzle, with pieces from different countries, markets, and banks all fitting together. For a long time, the US dollar has been like the king of the puzzle, the main currency that everyone wants and uses. But lately, things are changing.
Russia and China, two big players in the world, are teaming up to shake things up. They’re working together to use their own money instead of relying on the US dollar. This means they’re trading with each other using their own currencies, not just the dollar. And they’re also becoming closer friends, both economically and in terms of security.
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These changes show that the world of money is always changing and facing new challenges. New technology, like China’s digital money, could make things even harder for the dollar. And big political tensions around the world also make countries want to use their own money more, instead of relying on the dollar.
Now, let’s take a closer look at Russia and China’s relationship. They’re like two old friends who’ve known each other for a long time and are getting even closer. They help each other out economically, with Russia giving China things like oil and gas, and China buying lots of stuff from Russia. They also think alike politically, not really liking the way the West does things and wanting to make the world a bit fairer.
But even though they’re friends, China is kind of the big brother in this relationship. It’s bigger and more powerful than Russia, which might cause some problems down the line. Still, their friendship is a big deal and could change things on the world stage.
Now, let’s talk about the times when Russia, China, and the US haven’t really gotten along in the money world. They’ve had fights over lots of things, like trade and money stuff. The US has even put sanctions on Russia, trying to hurt its money and make it do what the US wants. But Russia fights back, making things even harder between them.
China’s also been causing some trouble for the US. It’s been getting really big and strong, which makes the US nervous. They argue about stuff like who owns ideas and who gets to sell what to who. It’s like a big money fight that never ends.
The US dollar being the top money in the world is a big deal. But Russia and China are trying to change that. They’re working on using their own money more and making new ways to do money stuff without the US dollar. It’s like they’re saying, “We don’t need you, dollar!“ which could be a big deal for the whole world.
Now, let’s focus on Russia’s plan to use less US money. They’re doing lots of things to make it happen. They’re making new ways to pay for stuff without using the dollar, like using their own digital money. They’re also trying to use other countries’ money, like China’s yuan, instead of the dollar. And they’re teaming up with other countries, like China and India, to make it happen.
Russia’s also been buying lots of gold lately. They think gold is really important and want to have lots of it. It’s like they’re getting ready for a big fight with the US dollar and want to have something strong to fight back with. By the end of 2023, they had even more gold than US dollars, which is a big deal.
Now, let’s take a look at China’s money plan. They want their money, the yuan, to be as big as the US dollar. They’re doing lots of things to make it happen. They’re giving money to other countries for big projects, like roads and bridges, and asking them to use the yuan instead of the dollar. They’re also setting up places outside of China where people can use the yuan to buy stuff.
China’s also been asking other big money groups to treat the yuan like it’s as good as the dollar. And it’s been working! More and more countries are using the yuan, which is making China really happy.
Finally, let’s talk about how Russia and China are working together to fight the US dollar. Some people think they might even make their own new money, kind of like a club of countries’ money. This new money would be backed by their own money, not just the dollar. It would be a big deal and could change the way money works around the world.
But making new money is really hard. They have to make sure everyone trusts it and wants to use it. And they have to agree on how it’ll work, which isn’t easy when countries have different ideas about money. So, while Russia and China are trying to shake up the world of money, it’s still a long way from happening.
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