Re:The fraying of the U.S. global currency reserve system
by biggermike on Sunday December 13, 2020 @02:26PM
(#25409313)
What happens when the other country isn't willing to sell? Consider a war or other disaster e.g. in the months before the pandemic, China stopped the export of face masks and other PPE, resulting in shortages in hospitals around the world.
Re:The fraying of the U.S. global currency reserve system
by southeastern on Sunday December 13, 2020 @03:09PM
(#25409730)
There at other manufacturing centers than China. I don't know why people keep it repeating this line. Where do you think China gets their things made? It SE Asian countries. And they're making in roads to Africa. That's what we should be doing. We have a president talking about shhole countries-- destroying international relations is gonna do a lot more damage in a war. We should be building diverse business relationships with competing economies.
Re:The fraying of the U.S. global currency reserve system
by notahacker on Sunday December 13, 2020 @03:05PM
(#25409696)
Countries are virtually never 'unwilling to sell', and there are quite a few different countries out there.
PPE shortages in hospitals were because of unprecedented demand levels, not because China didn't continue to export it. A country is actually a lot more likely to have problems handling that kind of short term demand shock if it relies entirely on domestic manufacturing
Re:The fraying of the U.S. global currency reserve system
by passerby1 on Sunday December 13, 2020 @02:31PM
(#25409366)
Free market - money decide.
If not - the politics is involved in selling decision making - then the US starts a sanctions war, as China example shows. It sells in the end, but after being economically punished.
It has enough military for safely making this again and again for tens of years at least.