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Argentina Shuns U.S. Dollar: Will Pay for China Imports in Yuan
Posted on 4/27/23 at 10:43 am
Posted on 4/27/23 at 10:43 am
quote:
Argentina struck a deal with Beijing on Wednesday to stop using U.S. dollars to pay for Chinese imports and embrace the yuan instead.
The measure, driven by Argentina’s leftist President Alberto Fernández, is designed to relieve the South American country’s dwindling dollar reserves, AP reports.
The deal further enhances China’s rise on the world stage and the diminished role of the U.S. on a host of fronts under President Joe Biden.
After reaching the agreement with various companies, Argentina will use the yuan for imports from China worth about U.S.$1.04 billion from next month, accelerating trade with China as Beijing seeks to gain a further foothold in South America.
By the time the election rolls around people will already be calling for the removal of Biden
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Posted on 4/27/23 at 10:45 am to Jjdoc
I don't get the uproar over stuff like this.
Who the frick are we to demand sovereign nations do their trading with each other in US dollars?
Who the frick are we to demand sovereign nations do their trading with each other in US dollars?
Posted on 4/27/23 at 10:46 am to Jjdoc
This should show every American that this current administration is being looked at as weak.
Posted on 4/27/23 at 10:47 am to Jjdoc
Should I give a damn? I have enough problems dealing with you MAGA Trumpers here. I can't worry about those South Americans.
Posted on 4/27/23 at 10:47 am to bamarep
quote:
I don't get the uproar over stuff like this.
How the hell do you not see what is happening?
Posted on 4/27/23 at 10:48 am to Jjdoc
Which means China is willing to exchange their Yuan for Argentine Pesos in order to trade.
Now, who do you think is desperate?
Now, who do you think is desperate?
Posted on 4/27/23 at 10:49 am to aTmTexas Dillo
quote:
Should I give a damn? I have enough problems dealing with you MAGA Trumpers here. I can't worry about those South Americans.
It’s not just subject to South America, dumbass. It’s happening throughout the world.
Posted on 4/27/23 at 10:49 am to Jjdoc
Experts here have already said that the 27th and 2nd largest economies in the world ditching the US dollar means nothing.
Posted on 4/27/23 at 11:01 am to Jjdoc
All I can say is that, with certainty, these countries will rue the day they started letting China decide what their currency is valued at.
Posted on 4/27/23 at 11:37 am to Jjdoc
While it all is rather disturbing the dollar drop in value to basically worthless currency would be disastrous for all nations regardless. China would take the biggest hit after after US. This would implode China internationally as well as internally
Posted on 4/27/23 at 11:46 am to Jjdoc
It’s pretty obvious that china trying to bankrupt us using a Communist capitalism system as the weapon… it’s a combo that can destroy the dollar if they continue going members. Ti bad we have buffoons more concerned with DEI than actually winning bc they don’t even realize we’ve been at war with China for quite sometime.
Posted on 4/27/23 at 11:52 am to Jjdoc
Maybe we need to bomb them until they want to accept our democracy again. 
Posted on 4/27/23 at 12:14 pm to Jjdoc
quote:
designed to relieve the South American country’s dwindling dollar reserves
They're hanging on to their dollars because they know they're valuable while the Yuan is shite.
Posted on 4/27/23 at 12:18 pm to Tangineck
quote:
All I can say is that, with certainty, these countries will rue the day they started letting China decide what their currency is valued at.
As an American...I agree and will be proud to be there to remind them as the "prodigal sons" come home.
As an American who is living in todays America...I worry how we won't have a leader in the WH that will know how to properly capitalize on that day.
Posted on 4/27/23 at 12:18 pm to bamarep
quote:
I don't get the uproar over stuff like this.
You don’t get that the predicted devaluation of the US Dollar might be a cause for concern?
Posted on 4/27/23 at 12:20 pm to BlackPawnMartyr
quote:
Maybe we need to bomb them until they want to accept our democracy again.
If by “them” you mean American citizens, then I have no doubt that Brandon and company are all in.
Posted on 4/27/23 at 12:20 pm to bamarep
quote:
Who the frick are we to demand sovereign nations do their trading with each other in US dollars?
You clearly don’t understand how we have trillions in debt, yet keep operating as a nation smoothly.
Educate yourself.
Posted on 4/27/23 at 12:50 pm to Jjdoc
I am pretty sure we are fricked and just have not realized it yet.
Posted on 4/27/23 at 2:04 pm to aTmTexas Dillo
quote:
Should I give a damn?
Less demand for the dollar means more price inflation. At best this should concern anyone who cares about their cost of living and/or wealth
China seems to have a pretty clear strategy here.
Posted on 4/27/23 at 2:38 pm to TigerAttorney
That has absolutely dick to do with the US continuing to kick the debt can down the road.
Here's a grand idea. Why don't we stop spending money we don't fricking have?
Sooner or later the band aid has to be ripped off.
Here's a grand idea. Why don't we stop spending money we don't fricking have?
Sooner or later the band aid has to be ripped off.
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