☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news • 5 months agoChina isn't dumping dollars. They're dumping banks, and setting up a new financial system.external-linkmessage-square26 fedilinkarrow-up166cross-posted to: economics@lemmy.mlgeopolitics@lemmygrad.ml
arrow-up166external-linkChina isn't dumping dollars. They're dumping banks, and setting up a new financial system.☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news • 5 months agomessage-square26 Commentsfedilinkcross-posted to: economics@lemmy.mlgeopolitics@lemmygrad.ml
minus-squareinvalidusernamelol [he/him]hexbear11·edit-25 months agoDefinitely, it's ironic that dollarization basically starts with massive adoption of the dollar. This is like the nation state version of Microsoft's the E's Embrace the dollar Extend it's usage in global trade through your own financial instruments Extinguish the original dollar link
minus-squareinvalidusernamelol [he/him]hexbear8·5 months agoPossibly the only instance of that capitalist process being used for good lol link
Definitely, it's ironic that dollarization basically starts with massive adoption of the dollar.
This is like the nation state version of Microsoft's the E's
Embrace the dollar
Extend it's usage in global trade through your own financial instruments
Extinguish the original dollar
lmao
Possibly the only instance of that capitalist process being used for good lol