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World leaders should:
China and Russia are already doing most of these. So they're not afraid to raise their voice against America.
Japan and UK (both struggling economies) hold the highest amount of US debt. Third is China which is steadily selling.
Giving all power to China, would corrupt it almost instantly, and turn it into USA V2. I don't recommend leaving all power in one country, if you want prosperity.
Just like power has corrupted America, Britain and other European nations in the past.
That's why we're going for a multi-polar world this time. No country's currency will be the reserve currency. We can use Gold or bitcoin instead.
I don't want to give all power to China.
Or the European TARGET system. Already in place, and works like a charm.
SWIFT is also european.
Russia was banned from SWIFT but Israel wasn't so I don't trust it. We need something without American influence.
You think Israel has no influence in Europe? TARGET or SWIFT doesn't make a difference.
Israel has no influence in China. So CIPS would be better choice.
I’d go any day with something controlled by the ECB instead of the CCP.
And don’t have any special antipathy vs the Chinese.
The EU was quick to sanction Russia but when America attacked Venezuela, they are "closely monitoring". No sanctions for Israel either.
I wouldn't be comfortable with this hypocrisy in an ideal world.
Lmao give China more power
European capitalists already did by moving all factories to China.
Every country in the world already trades with China, it's impossible not to. So why not use their currency?
Why use authoritarian currency?
Like USD?
Why use authoritarian currency indeed.
Why do Europe and America trade so much with the authoritarian regime?
Don't say the people are good but you have a problem with the regime. It's the regime that developed China in the past 39 years.
I think you don't understand how world reserve currency works. It has to be at least influencable by other countries. Nothing can influence Yuan - it'll never be a world reserve currency.
Sounds like an ideal reserve currency when you put it that way tbh
I think it's fair to leave this thread at that then cause ya hopeless lmao
Right! I'm shocked anyone would want that. I just told someone else it's like leaving an abusive partner for an even more abusive partner. I've noticed countries being pushed towards China after the US went even more crazy after Trump winning. I believe they are making a mistake. Japan, South Korea and Taiwan could fulfill most of the same needs as China does and do so better. Just as a random example Japanese capacitors are known for their high quality. Japan and China both supply capacitors. Why not bolster Japan's instead of China's?
Japan and Korea are small over worked nations I don't think they'll be able to handle so much demand.
You forgot about all intra-continental internet cables going through US routers and oil being traded in USD.
I mentioned oil. Stop doing ALL trades in USD. Use Euro, Yuan or gold.
The cables tho, we'll have to build new ones, something no single country can control.
Pretty sure this is what the techno-garchs want.