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Dollar hegemony.

Posted by ferrett @ 7:14 on October 24, 2024  

I’ve never understood it. Why does everything have to trade in dollars? India wants to buy oil from Russia, why doesn’t India just pay in Rupees; or gold? Or Yuan, or Yen, Lek, glass beads, Yap stones or whatever Russia wants? Why has it taken sanctions against Russia to force normal trading to occur, I don’t know. When we went on holiday to Europe, Dad didn’t insist that the Belgians, Luxembourgeouis, Germans, Austrians, Swiss, Italians, French and Spanish all accept pounds. No, he bought Belgian Francs, Luxembourg francs, Marks and Pfennigs, Schillings etc. etc. It wasn’t difficult, even in the sixties.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.