re: China deal with Brazil to ditch the US dollar for trades.

quote:

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Serious question: why the frick should two sovereign nations clear across the planet have to use US dollars to trade between themselves?

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They don’t have to use the US dollar. They often chose to do so because of the stability and strength of the dollar, the credit of the US, and the preference of contributing parties (shipping, insurance, finance, etc) to trade in a safe, secure, and independent currency.

That is changing now primarily because we chose to weaponize the dollar to new levels for Ukraine. Our fiscal irresponsibility and uncertainty along with a rise in possible alternatives also play roles. We are also being outmaneuvered in the critical realms of diplomacy, strategy, and international relations.