China and Russia Strengthen Ties To Replace US Dollar With a Gold-backed Trading Standard.
so the us dollars is going to crash.
hahahahahahahahahahahahahahahahaahahahahahahahahahahahahaahahahahahahahahahaha
https://www.youtube.com/watch?v=99CWfSuy0I8
>Trying to replace the US Dollar Fiat currency system with anything else, especially with something "backed" by a limited resource
World War 3/all out nuketown would happen before that happens m8 you know how many governments have toppled overnight for this exact same attempt? LOL
WW3 inc
neat
>>1925159
remember america has debt with china and they will now pay the 20 trillion in debt with gold.
>>1925137
How would this make the US dollar crash?
>>1925185
country will demand gold not us dollar and the us dollar will be worth less.
>>so everything america buys from china will be marked to the price of gold
>>1925210
But can't you just use USD to buy gold? Is the issue that they will have an advantage of using gold first?
the us dollar hit a death cross...
>>1925223
american gold will be cheaper to the counties that america has debt with.
>>Like china 20 trillion dollar debt america has with china
>>1925181
Err... no. US debt is denominated in USD. It doesn't matter what China and Russia do, China still gets paid in fiat.
>>1925159
The US cant defeat china and russia combined. China and russia both have nukes as well.
The US is broke. I hate to say it but we are. We produce nothing. We have to borrow money from the chinese just to keep the lights on.
>>1925436
Wrong. The US could defeat both China and Russia combined in a conventional war. In a nuclear war it would be MAD.
The US isn't broke. We just shifted from a manufacturing-based economy to a service-based economy and only a fraction of the budget is paid from debt with China.