☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish · 1 month agoChina isn't dumping dollars. They're dumping banks, and setting up a new financial system.www.youtube.comexternal-linkmessage-square28fedilinkarrow-up166arrow-down11cross-posted to: economics@lemmy.mlgeopolitics
arrow-up165arrow-down1external-linkChina isn't dumping dollars. They're dumping banks, and setting up a new financial system.www.youtube.com☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish · 1 month agomessage-square28fedilinkcross-posted to: economics@lemmy.mlgeopolitics
minus-squareinvalidusernamelol [he/him]@hexbear.netlinkfedilinkEnglisharrow-up11·edit-21 month agoDefinitely, it’s ironic that dollarization basically starts with massive adoption of the dollar. This is like the nation state version of Microsoft’s the E’s Embrace the dollar Extend it’s usage in global trade through your own financial instruments Extinguish the original dollar
minus-squareinvalidusernamelol [he/him]@hexbear.netlinkfedilinkEnglisharrow-up8·1 month agoPossibly the only instance of that capitalist process being used for good lol
Definitely, it’s ironic that dollarization basically starts with massive adoption of the dollar.
This is like the nation state version of Microsoft’s the E’s
Embrace the dollar
Extend it’s usage in global trade through your own financial instruments
Extinguish the original dollar
lmao
Possibly the only instance of that capitalist process being used for good lol