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Re:Saudi Arabia threatens to ditch dollar oil trades to stop... by ilaksh on Friday April 05, 2019 @06:17AM (#19581177)
One theory might be that it could be good for Russia for a certain period of time, up until Russia's currency was so successful that it did indeed threaten the US hegemony. But having the world order tilted back that way could cause tremendous economic problems for the United States as well as putting pressure on the US-centric military apparatus to maintain its hegemony. It could even lead to a war between major powers.

Its almost like the bully being afraid to take his foot off of his victim's neck because he might get up and then he has to actually fight him. I think the reason other countries may not be anxious to push things is because a global war is probably going to be much worse for them than just having a weaker currency and less resources etc.

The other aspect is that it seems like history very commonly ends up in a situation like this with hegemonic powers (otherwise known as Empires). So for now people some people may hate the United States, but sooner or later people will be resenting the Chinese or the artificial superintelligence that starts controlling everything. Personally the current paradigm benefits me so I hope it will continue for awhile, and that we can arrive at the next one without too many people dying. It would be nice to imagine an equitable world, but that doesn't seem feasible given the preponderance of propaganda despite democratized instantaneous mass communications.

Re:Saudi Arabia threatens to ditch dollar oil trades to stop... by adventured on Friday April 05, 2019 @08:26AM (#19581810)
> up until Russia's currency was so successful that it did indeed threaten the US hegemony

That's not remotely plausible. Russia doesn't have an economy to support a serious global currency. It has an economy the size of Canada. The US could have never positioned itself to have the global reserve currency, without having the world's largest economy (or otherwise massive economy). That position dates back to ~1890. You can't acquire a superpower economy on the back of currency magic, it can only be done through actual economic production (an area where Russia is severely lacking).

Re:Saudi Arabia threatens to ditch dollar oil trades to stop... by engineerworks on Friday April 05, 2019 @09:49AM (#19582435)
The largest driver for economy in US is wars and dollar export.

Russia is also capable of this I guess.

Re:Saudi Arabia threatens to ditch dollar oil trades to stop... by GoblinSlayer on Friday April 05, 2019 @08:53AM (#19581997)
They'll just figure out oligarchical collectivism and it will be fine :)