Comments by "" (@Josh93B93) on "CGTN"
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@Sean-giang Not in the short run no, it would take decades for the benifit of dropping the dollar to be realized, but in the immediate the harm would and has been greater to the US than to those poor nations themselves, this is called cascade effect, the less value a given currency holds, the less incentive there is to use it in trade against a currency with gaining value, you have now repeatedly made the same point without elaboration as to why it would be harmful to nations already forced into economic subservience because of the dollar, you are looking at the risk of what ditching the dollar holds without weighing them against the harm that the petrodollar's monopoly already causes. In that context I have to disagree, dedollarizing will help countries with fragile economies and governments so long as they can prevent the consequences of doing so, as Americas usual answer to smaller nations that stop trading with the dollar is economic blockade and military intervention to protect its hegemony, when the options are subservience to US exploitation or utter destruction, or everyone ditching the dollar and watching the western empire collapse, I humbly choose the latter.
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