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Martin68

(22,759 posts)

11. No they don't have a point. The international monetary system depends on the US as a trustworthy

Reply to bluewater (Reply #8)

Wed Mar 23, 2022, 04:21 PM

Mar 2022

partner that follows the rule of law and international monetary agreements. The same cannot be said for China. We used to think it might work, but events have proven otherwise. Our system is one of the most transparent in the world, we honor our agreements, and we pay our debts. Companies that invest in the US know what the rules are. China can and does change the rules anytime they like. The government works so closely with "private" companies, there is really no line between them.

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Putin says 'unfriendly countries' must buy Russian oil and gas in rubles. [View all] bluewater Mar 2022 OP

Putin's last futile means of propping up the ruble for a short while. L. Coyote Mar 2022 #1

"Are the days of US dollar dominance drawing to a close?" bluewater Mar 2022 #2

If anyone thinks the ruble will replace the dollar, they are in for a rude awakening. Martin68 Mar 2022 #3

No one thinks that, they think the Yuan could very well be a competitor though. bluewater Mar 2022 #4

China's economy is going through some rough waters. I don't think anyone is bullish on the yuan Martin68 Mar 2022 #5

"China... can do whatever they want regardless of the rule of law and international agreements" bluewater Mar 2022 #8

No they don't have a point. The international monetary system depends on the US as a trustworthy Martin68 Mar 2022 #11

Does the Iraq war ring a bell? And all the treaties the US "withdrew" from? bluewater Mar 2022 #16

And that its related to the international monetary system how? Yes, the US has violated Martin68 Mar 2022 #26

"the unprecedent scope and size of financial sanctions that the US has just invoked" bluewater Mar 2022 #27

I would suggest that the situation in Ukraine is an international emergency that requires Martin68 Mar 2022 #29

PPFFFFFTTTTtttt! paleotn Mar 2022 #14

The Illegal Iraq War? US Abrogating treaties? So, um yes. bluewater Mar 2022 #17

All of that in post after post but the dollar is still the international standard. brush Mar 2022 #24

Why would they give China that power? Why not price in Saudi riyal? Akoto Mar 2022 #6

For the same reasons they started using dollars, the size and stability of their economy bluewater Mar 2022 #7

Will crap stained used toilet paper work, Vladdie? They are both worth about the same. AZLD4Candidate Mar 2022 #9

The ruble is doing surprisingly better, actually. bluewater Mar 2022 #10

Wait until the default. paleotn Mar 2022 #13

"US Treasury to allow Russia's $117 million bond payment to go through in dollars" bluewater Mar 2022 #20

... bluewater Mar 2022 #21

Post removed Post removed Mar 2022 #12

Sounds like a freaking deal. WinstonSmith4740 Mar 2022 #15

Might as well use Monopoly money by now. sakabatou Mar 2022 #18

I am trying to picture the logistics of this transaction. Beastly Boy Mar 2022 #19

bitcoin is a threat to National Security of our country. rockfordfile Mar 2022 #22

Turkish lira Slammer Mar 2022 #23

If rubles are cheap, buyers might get a discount IronLionZion Mar 2022 #25

Hey Vlad take your oil and shove it up your ___ Yo_Mama_Been_Loggin Mar 2022 #28