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Joined 3 years ago
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Cake day: July 31st, 2023

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  • Because the dollar being the reserve currency is a direct result of the US being the world hegemon. As the US is falling, and China is expanding trade but not asserting itself as the hegemon, the world is becoming multipolar.

    The EU’s economic situation doesn’t allow it to become the new hegemon either, and their political fragmentation makes them unreliable anyway.

    The concept of a reserve currency might be outdated because of that multipolar world. And if not, the EU is in no position to impose the euro, as China is way more stable and has much better economic relations with everyone, including both US economic allies and enemies.

    There would be no contest if China tried to assert the RMB as a world reserve currency, but AFAIK they’re not interested in doing that.










  • Every single one of the radars Iran destroys is priceless, literally; the US could not purchase them if they wanted to thanks to the Chinese rare earths export ban, they can’t be manufactured anymore*

    • It’s the leading theory, could also be that the US military industrial complex is finally breaking under its own weight