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by refurb 1536 days ago
Oh yes, what a great day to have the default international fiat currency to be control by the likes of China.
2 comments

So far China hasn't shown a penchant for destabilizing foreign countries for its own ends. Sure, they brutally oppress their own citizens but their foreign policy outside of border disputes has been non-interventionist.
You need to bone up on your history of China bud: Tibet, Vietnam, Laos, Cambodia were all direct interventions by China.

Have you heard of the Sprately islands?

But I thought competition is good and leads to a better outcome for customers?
What competition? If India and China align, we'll be dependent upon their currency.
You do realize that India and China have been locked in a bitter border dispute for decades, right? One that periodically results in casualties on both sides? The idea that China and India are going to meaningfully align can only come from wilful ignorance. Or perhaps the You are either with us or against us binary thinking has become pervasive.
You do realize was replying to a hypothetical "they (China, India, Iran, Africa) will be working 24/7 to build an alternative payment system"