by tonytran2015 (Melbourne, Australia).
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(Blog No. 1xx).
A trade war combatant may have to weaken and destabilize its opponent by refusing both to accept or to hold the currency of that country. That refusal is a defensive move and it may start snowballing into an international refusal of that currency beyond its national border. This will create additional problems and costs to the economy of the opponent country.
#trade war, #de-internationalize, #national currency, #gold currency, #dollar,
Trade war tactics, Part 6: Using gold based trading and refusing opponent’s currency.
1. Refusal to hold opponent’s currency is defensive.
It is very risky for one trade war combatant country to hold the currency of its opponent.
The simple basis for…
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