Well this is concerning.
I don't think a transition from World's Reserve Currency can go smoothly for the USD.
https://twitter.com/GoldTelegraph_/status/1434185667991453702 …
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Ya it could be nothing given the situation but still it's a new push in that direction. Lyn Alden argues moving away from the USD as a reserve currency would probably be a net good but I'm uncertain as to what a smooth process for that would look like. Not concerned about China?
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well the EU gotta buy gas from Russia...
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China's been trying to leverage discontent over swap lines and the post-2008 financial order to get traction for a basket alternative to USD foreign exchanges for over a decade to basically no effect. Besides, most exchanges are about assets not goods and/or services.
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What do you mean by asset exchange here?
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GAZPROM NEFT WILL SWITCH FROM US DOLLARS TO YUAN AND RUBLES TO PAY FOR REFUELING AIRCRAFT FLYING TO OR FROM CHINA
Are you paying attention yet?