Comments by "Sankalp" (@sankalp6872) on "Meaning of Fitch’s US downgrade, de-dollarisation push in Gulf as China moves in with Yuan u0026 CIPS" video.

  1. De-dollarization is still not happening. In any case, it won't happen overnight. People don't realize the importance of the US. It is too big to fail the economy. It's the world's largest trading partner. Its failure would be CATASTROPHIC.
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  2. The proverb "In the land of the blind, the one-eyed man is king" perfectly sums up the world today. The US has its troubles and serious debt issues, but closest competitors like Germany/EU and Japan are worse off than the US. China lacks the gumption to match the US and India has a long way to go. The US is like the most annoying customer who never pays on time but is too important because it accounts for most of your sales.
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  3. Actually, they CANNOT. They have already printed too much and their reckless printing led to record inflation domestically as well as globally. Yes, the US by virtue of its position escapes the rules of conventional economics but there is a limit to how far the rope can stretch.
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