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
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