Leaving the Dollar

https://www.rt.com/shows/crosstalk/574537-us-dollar-weakening-consequences/

The trust has been broken.

On the other side

https://www.rt.com/shows/news/575417-rtnews-april-28-20msk/

 US $1 = 79.97 Russian Rubles

BB

When i was in Russia it was 1 200 rubles to the dollar.  By the way the Indian rupee exchange rate is 70 rupees to 1 dollar.

that ha nothing to do with the situation.   What has is that the USA is physically really bankrupt.   They owe more than 126% of the USA GDP in federal debt.     All the p[reent government dpoes entail limitless spending of money and for that they use the printing pres to keep promntg dollars.  

That is what is known in severe cases as inflationary spending  Mugabe style.    That is also why the American people themselves think the country's future is economical diseased and will lead to  increase poverty for the ordinary people and a massive drop in standard of living.    The Biden administration inherited  $23 trillion  in 2 years it went up to  $53 trillion and the latest forecast is that it will reach $53 trillion by 2 030 - but the way things are going it will reach that figure by 2028 when present spending and money-printing will cause total havoc in the USA.

In the meantime the ultra-rich - who control the US economy - is exporting industries to  other countries with low labor pay and deficient trade unions - so the USA GDP is deceasing by $6 billion per day.    Since most of the US debt is held by foreign countries - especially China - the US Dollar is losing real value - the value is maintained by the act that the US dollars is used for virtually all international trade - if that facility slips the resultant inflation would lead to more dollar printing reducing the value of the dollar even further,  

Not even governments can spend money they do not have and that is part of the Biden crazy spending policies.    Traditional economics says that Government should never spend loan money on current administrative expenditure - loan money - which is to be repaid  is to be used for funding of capital investment in infrastructure that would ultimately yield additional  income that would cover loan repayments.    In the present USA  virtually all infrastructure spending is on Green Energy without any real scientific evaluation of the effectiveness of the green infrastructure.    Government spending on capital projects also goes hand-in-hand with tnder corruption,   

I think that is why countries like Germany and Francc  have panicked and is now negotiating new trade deals separate from the dollar system.    India and Russia also insist on being paid for their exports in anything bar the dollar.                                                   

US $1 = 79.97 Russian Rubles

Irrelevant. Under Putin, Russia has grown an integrated economy.

At the moment, a part of the world, while it has been understood for a long time, is working to decouple from what is called the western world in order to favour exchanges between themselves.

It will be benefitial to them, not so much to the western world.

Taking a look at SA, this country's infrastructure level is below the level England had in the early XXth century.

Setting sight to get a 2020 infrastructure level type as urged by the western world is pointless, it means nothing.

Only getting a 1960 infrastructure level will be a huge leap forward for that country.

The low exchange rate is detrimental when buying from the western world.

When they trade among themselves, it wont be the case.