/biz/ - Business & Finance

>>8924266
>move to cryptocurrencies for trade

this is where you fucked up. even if they are interested in becoming more closely allied the infrastructural and political costs of moving to crypto are too high. same barriers to entry crypto faces in the US. both china and russia are still highly nationalist, and would likely prefer to keep control over their macro with fiat

No costs are too high to get around economic sanctions. Nice post OP, imo this will happen as well

>>8924289
they could still have their own national stable coins--that's what'll likely more happen

But either way, they can only gain from trading in something outside the dollar

>>8924289
And five years from now, integrating this stuff wont be hard for a government

USA, Canada, EU, Australia, NZ should just form a trade alliance and everyone else can fuck right off, will be a bit of a transition but we can just make all the shit we need ourselves like we used to

except you are naming the two countries that don't innovate anything, and are largely the most corrupt in the world

>>8924426
Why is NZ on that list? Like what sort of contribution does New Zealand make to the global economy? (I know the same could be said of the USA, but at least we grow a lot of corn and produce/consume a lot of drugs)

>>8924426
pretty much spot on anon

the rest of the world will shrug their shoulders and china won't have dumb Americans to rip off anymore -- oh well

>>8924266
>move to cryptocurrencies for trade, probably develop a stable coin for this purpose
Why?
What's the point?

>>8924266
The US would rather start WW3 than allow the petrodollar to fail