You are viewing a single comment's thread from:
RE: China's Challenge to Petrodollar Hegemony Heats Up.
Economists and trade officials in the United States have discussed the distorting effects of China’s trade and industrial policies before, and past administrations have slapped tariffs on other goods from China. Indeed, heads of global banks believe that a trade war would be so catastrophic to both sides that a trade version of “mutually assured destruction” will deter such an outcome.
I think an honest monetary system anchored by gold and silver would go a long way to helping make world trade between nations fairer as gold and silver are apolitical currencies unlike fiat currencies.
I agree to you on this. Thanks