Comments by "Paul Aiello" (@paul1979uk2000) on "Trump to Punish India & Others Who Want "De-Dollarisation"? | Vantage with Palki Sharma" video.

  1. China and India are too different from each other for that to work, and trust plays a big part in world currencies. The US Dollar became the world currency because the US was trusted and dependence, but things are changing, US politics is becoming too polarised and the US is using more threats to get what it wants, it's making a lot of countries around the world rethink its policies on the US, in other words, to distance themselves from the US, which would be really damaging to the US Dollar if that were to happen, especially with how the reserve currency is set up to favour the US and probably why Trump is using threats, but threats could do more damage to the US in pushing countries away. The only other credible currency is the Euro, but honestly, those countries are not integrated enough for that to work, so maybe a new currency that isn't tied to any country is needed, if that is feasible, it would probably get support from the majority of the world, except from the US.
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  2. Trying to punish countries for wanting to de-dollarise is kinda an incentive for those countries to want to do that. The US isn't as trusting and as stable as it used to be, especially with how polarised US politics is getting and how we are seeing signs of the US using trade as a weapon, so it's understandable why some countries would want to distance themselves from the US, and there have been a lot more talk about that around the world since Trump got into power, if he were to get into power again, that could start a chain reaction that isn't favourable for the US, especially if Trump follows through with his threats. It's probably advisable that the US starts getting some cool heads before some real damage is done to its reputation around the world.
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