yogthos

a bit of a problem with that https://www.youtube.com/watch?v=Zklo4Z1SqkE

That's right, and now that Germany guys expensive gas from Russia through third parties the business is moving to other regions that have cheap energy.

You're right, CELAC shouldn't lower itself like that. 😂

The plan is to have a currency that's backed by a basket of commodities that BRICS countries produce. Given that BRICS countries are where most of commodities and manufacturing is located, I definitely see a rapid rise for such a currency. Especially coupled with projects like BRI that China is aggressively pushing. China will be building infrastructure in developing countries on a massive scale, and all the trade that will result from that will most likely be done in the BRICS currency.

ok...

Can always count on poVoq to make some personal attacks while trying to pretend that this is anything but a dramatic decline. Not sure what these "normal" levels are based on either. Maybe you should address the question of why FDI in Germany is collapsing while there's huge capital flight happening.

https://www.wilsoncenter.org/blog-post/china-top-trading-partner-more-120-countries

And I’m not sure what you mean by the yuan having more inherent value.

I mean that countries buy products from China which means that they can always convert yuan into something they need. This was basically the premise behind petrodollar as well. When you could only buy oil in dollars, that made dollar valuable as an international currency.

How much the country backing the currency exports isn’t particularly important.

Of course it's important, it's why Russia is currently trading with India in yuan instead of rupees. They can't spend rupees on anything they need, but they can spend yuan.

As the yuan grows in popularity, the dollar will certainly lose some status, but it’s not likely to crash.

Both UK and Japan are in an incredibly precarious economic situation right now, and US has astronomic debt servicing of which is directly tied to global demand for dollars. If this demand starts shrinking then US will not be able to service the debt and will be forced to default.

None of that invalidates the fact that US schools now have bulletproof blankets and shooting drills. So, not really sure what you're trying to argue here. Are you claiming that shooting drills and bulletproof blankets aren't a thing in US schools?