/biz/ - Business & Finance

>>49340715
>or they can just switch to a new monetary system
This would require cancellation of all US debt. For a while people thought that impossible US can renege on debt but all the anti-China rhetoric might simply be the beginning of that.
I think China and Russia predict this, which is why they are starting to set up their own separate global south economy, which is what the US wants too.
We'll see two trading blocs, with their own reserve currency. The newUSD and probably CNY.
Big problem for the western countries will be who will produce anything? they are so used to consooming.
Global south won't have this problem.