It basically invalidates her whole ideology and utterly discredits her. I'll take it as a win.
If you have any reserve currency, you can convert it to something you need because many other countries accept it for trade. That’s the whole point of being a reserve country.
The concern with dollars now is that if US has a beef with your country then they can just steal your reserve funds and cut you out of trade. This obviously isn't a concern for the vassals, but it's increasingly becoming a concern for countries that want to retain their sovereignty.
The yuan will only “win” if they can prove that their currency is more stable than other currencies, and that will take decades to establish trust.
We're already seeing lots of trade happening in yuan, and the trend is only growing. It's a self reinforcing process because as more countries use yuan for trade the more it becomes legitimized and thus more attractive for other countries.
The Indian rupee isn’t a reserve currency, the yuan is.
Yuan is not a reserve currency at the moment.
That’s a bit hyperbolic.
It's absolutely not, economic fundamentals are terrible in both countries, and standard of living is rapidly declining. UK issues go far beyond brexit which has become a popular reason to blame all the problems in UK on. Brexit simply accelerated many underlying trends that have been developing since at least Thatcher days.
While the problems may be reversible in theory, it's pretty clear that such reversals are not really possible given the political climate in these countries. The trends that are happening will continue accelerating going forward.
Best part about Rand is how she died on welfare.
It's incredible that you don't understand that wealth in UK is not evenly distributed. I have been to poor countries, and I've also seen what poverty in places like US and UK looks like with people living in tents and eating out of trash. You are a smug because you won the birth lottery and never had to deal with real hardship, but all that cold change very quickly under the capitalist system you champion. One day it could be you sleeping under a bridge and scavenging for rotten food in the garbage, not gonna be so smug then.
NATO is needed to deal with problems that NATO created. It's a self perpetuating horror show.
To be exact, socialism is a transitional stage between capitalism and communism where the working class holds power in society, but vestigial capitalist relations still exist.
Galaxy brain there was trying to claim that I must support Khmer Rouge regime because they're "communist". This guy is a goldmine.
lol median wage is pretty terrible https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage#European_countries_by_monthly_median_wage
Which is precisely why the standard of living is the way the article in the submission describes.
You are following me around and making vapid comments that add nothing of substance to the discussion. That's what trolling actually is. You appear to be upset that you're exposed to opinions and views that come outside of the echo chamber you live in. That's entirely a you problem.
now that you mention it 🤔
I guess we'll just see what happens after KMT is back in power. Simple as that.
No, it's not just Yugoslavia. NATO has been involved in plenty of wars of aggression aside from Yugoslavia https://en.wikipedia.org/wiki/Category:Wars_involving_NATO
edit: absolutely love how rediquette is getting normalized here now, post a factual comment with a source and a bunch of chuds run in to downvote because they have trouble engaging with reality