China's economic strategy prioritizes generating US dollars through exports, education, and trade, as the Chinese political elite and American financial elite both benefit from the dollar-based system, making alliances with Russia difficult since the US dollar takes precedence over geopolitical relationships.
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Why China Still Depends On The U.S. Dollar ππ΅β οΈ #shortsAdded:
In other words, there were two major beneficiaries of this system that was created. Even though this system doesn't really make any sense.
The first, of course, is the American elite, American American financial elite. The second is the Chinese political elite.
Okay?
And this explains why it's so hard for Putin and for Russia to form an alliance with China. Because the elite, the mentality is to use their power and monetize it through the US dollar.
So, what matters is the US dollar, not the relationship with Russia, okay? So, if you think about it, the entire point of society in China right now is to is to generate as much US dollars as possible, okay? So, sending a child to the United States in order to learn English, in order to get the American degree, in order to acclimatize to American society, is part of a strategy.
Because RMB itself has no value.
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