What is Nostr?
Theodore John Kaczynski /
npub1egv…9zfr
2024-11-21 19:22:23
in reply to nevent1q…z8au

Theodore John Kaczynski on Nostr: Say, Nigeria has run out of U.S. dollar in its forex, but must pay back $1 billion ...

Say, Nigeria has run out of U.S. dollar in its forex, but must pay back $1 billion this year to Wall Street.

Now, China can come and say, “Here’s $1 billion we raised thru dollar bonds. You can pay us back with oil.”

This saves Nigeria from the (((Capitalists)))

So, dollar recycling still happens, dollar is still in demand… but the predatory nature of US gets neutralized a bit.

To be effective, China must raise the issuance to a few tens of billions of dollars every year. But if’s too effective, the US will threaten with sanctions
Author Public Key
npub1egvswnt7kelt7x9wew3sakuavpq8a4kg9leyp59xqfj5rwnayq2qgk9zfr