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

Posted on 3/30/23 at 6:03 am
Posted by the_truman_shitshow
Member since Aug 2021
2755 posts
Posted on 3/30/23 at 6:03 am
While Potatus and the rest of the clown circus called the US of A fight about pronouns and pontificate on misgendering,
Posted by AUCom96
Alabama
Member since May 2020
4972 posts
Posted on 3/30/23 at 6:05 am to
We sold out our citizens, wealth, industry and innovation to a communist dictatorship who has always seen us as an enemy. Both parties own this and it all boils down to greed.
Posted by CleverUserName
Member since Oct 2016
12528 posts
Posted on 3/30/23 at 6:11 am to
And this idiot administration supported the new president of Brazil in the elections.
Posted by bamarep
Member since Nov 2013
51798 posts
Posted on 3/30/23 at 6:23 am to
Serious question: why the frick should two sovereign nations clear across the planet have to use US dollars to trade between themselves?
Posted by CauleyHog
Fayetteville, Arkansas
Member since Nov 2012
4618 posts
Posted on 3/30/23 at 6:29 am to
It almost as if…it was all done on purpose.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45171 posts
Posted on 3/30/23 at 6:42 am to
quote:

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


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.
Posted by tigerfan 64
in the LP
Member since Sep 2016
3751 posts
Posted on 3/30/23 at 6:43 am to
quote:

And this idiot administration supported the new president of Brazil in the elections.

All because their citizens supported a more conservative, nationalistic president.

Our government even sent election monitors to Brazil to help ensure a "fair, secure election".

The new LWO is not to be trifled with by the peasants.
Posted by McChowder
Hammond
Member since Dec 2006
5218 posts
Posted on 3/30/23 at 8:31 am to
Good thing we spent billions to upgrade Brazils O and G infrastructure.
Posted by Bass Tiger
Member since Oct 2014
45994 posts
Posted on 3/30/23 at 8:46 am to
quote:

We sold out our citizens, wealth, industry and innovation to a communist dictatorship who has always seen us as an enemy. Both parties own this and it all boils down to greed.


It would interesting to see a full financial audit of every member of congress from the 1990's through 2020 to see how many politicians got fabulously wealthy investing in CCP controlled companies......probably just a handful.
Posted by Gus007
TN
Member since Jul 2018
11970 posts
Posted on 3/30/23 at 9:13 am to
Investing in Hunter Biden and the rest of the Pond Scum in DC has reaped great benefits for the Chinese Communist Party.
Folks like Jane Fonda, Hillary Clinton, and Bernie Sanders must feel proud of their success.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16953 posts
Posted on 3/30/23 at 9:14 am to
quote:

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


We hold power because we are "the middle man" most of the time. Do you know what happens when the middle man is cut out?
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27387 posts
Posted on 3/30/23 at 9:55 am to
Brazil will not like the long term results. They will still have to convert to dollars before denominating back to their own currency. The dollar still remains the reserve currency.
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