Why the fuck would everyday Russians use dollars in the first place two years after the currency was rendered useless in Russia?
Why the fuck would everyday Russians use dollars in the first place two years after the currency was rendered useless in Russia?
Actually it is Germany who is in desperate need of the dollar, not Russia.
The euro is fast becoming irrelevant in global economy, and after losing Nord Stream, they now need to spend dollars (not euros) to import energy from America:
The EU, especially Germany, has lost its energy and monetary sovereignty since Ukraine and they now have to earn US dollars to survive.
All of this is just projection. Keep the dollar banknote to yourself in case you need it one day.
Wanna see some funny shit?
Everybody should bookmark this article for next time am liberal says “what possible reason would America have to blow up the pipeline”
they got kinetically plaza accord’d
(they deserve it)
lol
So when are we gonna get YouTube videos about collapse of the euro. Preferably with words like END in the thumbnail
It’s funny, of all the anti-China and anti-US collapse rhetoric from both sides, the one thing I’m certain I will see in my lifetime is the euro turned irrelevant, if not disappeared completely.
The EurNo.
Yo what the hell happened in 2011 and 2012?
Obama’s QE2 (quantitative easing). As the US was mired in the 2009 global financial crisis, near the end of 2010, QE2 created $600 billion dollars to save the banking sector from failing. This created a high risk of commodity price inflation overseas, which would hit net exporter countries like China particularly hard since they import a lot of raw materials for their manufacturing sector.
China stopped buying USD and went into purchasing eurozone debt instead, because propping up the USD would only make their producer price more expensive. As the QE2 came to an end and the inflation was not as bad as everyone thought, China ditched the euro and resumed the USD purchase again.