- ideology ? The debt is based on the trust, e.g - i will lend you my money, - if i trust you. The more i trust you, the more i will lend. Thus the world trusts in US & in it's values. This is why they look at the printing through fingers, since, what else there is left, to choose from ? Here's the irony, China, tries to overthrow the rule of the $, by - their expansion, artificial support/injections into the nations around the world, China 2025 plan(maybe, in some ways) and etc. And that is not the right approach. In order for them to do that, they don't need more rockets, more carriers, more of expansion, they need only one thing - to become civilized country in the eyes of the world. A nation that could be trusted. And look what they are doing in the meantime, - taking over Hong Kong prior it's agreement date (just two decades earlier...). Tibet. Conflicts over some junk islands with Japan and other minor conflicts in Indonesia region. Taking over private companies.(Jack Ma) and maybe, even getting rid of their founders. ,,- If you ever become a successful entrepreneur, who brings hundreds of billions into out country, we will take over your company and assassinate you'' ,,- Yes, im in. Sounds like a great deal. Where do i sign'' Then again, for it to become civilized, there should be more freedoms and any kind of freedom, becomes a perfect soil for opposition, while opposition breeds division. Given the current size of the country, both in miles and population, that's a possible scenario. (in the past, there used to be multiple kingdoms within) What i write about, is not some ,,How to Win for CCP'' propaganda, im in no way of supporting that kind of regime, just a minor insight, on what could be done better as if it was a chess game. While in some way, it is.
US dollar is being still trusted, although the debt. What you talk about regarding China - this is just a cultural thing. The asian culture is different, it will have its own way of overthrowing etc. I just think it'll be more dangerous than it was in the West. And at some point, Chinese people are not less nationalistic thinking than their western counterparts. Of course many Chinese will support their conservative rulers , as long as they bring prosperity and economical growth, scientific research...
Yes indeed , the culture. But the mixing of nations, i think, is inevitable, thus decrease in the following the old ways, should take over. (might be over a hundred years to get there) The breaking tech like hyper-loop tunnels/rails, should fasten up the process. Also, they're more fascinated by western culture, than western people are fascinated by theirs. That will help as well. And in between, are guys in the middle east, with their holy Jihad wars and etc. That will be a helpless case, for the next few hundreds years, unless military will land some land drones/robots/war machines, to smoke em out of those caves
China (the CCP) is in trouble because it has to figure out a way to transform it's hard earned economic gains (GPD, infra, tech, etc.) into political power. This is the only way to get what they want. To disrupt and make a failure out of the post world war two and post cold war global order. They are playing dirty, and doing stuff in the shadows with bribes, maneuvering, diplomacy, divide and conquer, Sun Tzu's Art of War, and so on. Deception, manipulation, coercion. The problem is, the global economy is not a market economy. It is a political economy. This is a problem for the communist party because it is not a fair game. They can grow and grow, but until they are accepted into the US, UK, EU, AUS, CAD, JPN alliance, they will not ever really have the power they lust for. Certainly not the most power. Not after COVID-19. They are dividing and alienating the group. And responsible for destroying the global economy. The US dollar represents more than the US budget and economy, it is a political world order. It is a system that uses economic, military, and financial measures to defeat, weaken, or destroy threats to that world order, as well as aid and support allies. The world order was born out of war. It is designed for war, and for the survival of allied power. Nobody trusts the Chinese communist party. They are liars who avoid argument and rely on secrecy, censorship, imprisonment, and threats.
IMO this is largely attributed to our empire and not our values. Irrespective of our values we have a military installation on nearly every country's ground, we certainly have a military installation near every country's ground, we own the sea, the we own the sky, we own the near earth orbit. This is a very big influencer in "hey if you screw with us, we can have our boys in your streets tonight". This creates trust because naturally allies like the fact we can do this. China is actually doing the same thing we did. Take a look at Africa and India for evidence. China's strategy is to promote party sympathizers and ruin party detractors. No one running any major company, and with any major money, is a party detractor. This doesn't matter to people. They have a nearly unending supply of bargain bin labor and the unwillingness to create pro-worker pro-labor laws. This bodes well for companies looking to outsource - these people are the textbook definition of expendable.
Currencies of the lowest value Must Currency unit Value Amount 1 Iranian Rial $ 1 41,994 IRR 2 Vietnam Dongu $ 1 23,194 VND 3 Indonesian Rupee $ 1 14.237 IDR 4 Guinea Franc $ 1 9,198 GNF 5 Laos $ 1 8,550 LAK 6 Sierra Leone Leonesi $ 1 8,446 SLL 7 Uzbek Shoma $ 1 8.336 UZS 8 Paraguay Guaranisi $ 1 5,953 PYG 9 Cambodia Rieli $ 1 4,016 KHR 10 Burma Kyatı $ 1 1.385 MMK I wonder how do people pay cash for expensive items. It would be difficult to put money in your pocket. You have to carry a big bag (or even trolley ?!?!?! ) to hold your cash.