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End Of Mastercard And VISA, Russia And China replace them with UNIONPAY - Foreign Affairs (2) - Nairaland

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Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Hannover(m): 6:06am On Mar 07, 2022
Stevenson1:


Lol. No matter what the news or anyone says... Fact still remains that china and Russia needs America.
Most of you don't know that most companies Operating in china are America companies.

Guy get your words right. China and Russia doesn't need America!!! Are you aware Apple and the likes get their chips from China? And alot of other things. The truth is that if the west stupidly allows China and Russia to cooperate more closely with each other America and the rest of the west is finished!!

1 Like

Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Difrent: 6:10am On Mar 07, 2022
Praxis758:
A mere propaganda to deceive the diplomatic and economic gullible.

That was how they launched BRICS to rival World Bank after the 2014 world cup in Brazil. How far has that gone?

Do you think it's easy to just have a new payment spread overnight? How many country is ready to accept the China currency to dominate it's domestic currency?

The globally spread currency as at today is still the dollar and let's see how Europe and some Asian countries will allow their trade to be valued in the Chinese currency. For your information, Japan, South Korea and other hi-tech countries will rather die than allowing Chinese or Russian currency to dominate theirs.

But dollars became the global reserve currency after world war 2 now.....means a currency was used before dollars. If eventually this war leads to a semblence if world war3 then be assured USD influence will be whittled down as there will rise rival currency
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by seanwilliam(m): 7:17am On Mar 07, 2022
Hannover:


Guy get your words right. China and Russia doesn't need America!!! Are you aware Apple and the likes get their chips from China? And alot of other things. The truth is that if the west stupidly allows China and Russia to cooperate more closely with each other America and the rest of the west is finished!!
where una Dey see all this half baked news self
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 7:21am On Mar 07, 2022
Hannover:


Guy get your words right. China and Russia doesn't need America!!! Are you aware Apple and the likes get their chips from China? And alot of other things. The truth is that if the west stupidly allows China and Russia to cooperate more closely with each other America and the rest of the west is finished!!

America and the world get it's chip from Taiwan not china.
America gave china her economy on a platter of gold.
China alone can't power Russian economy. With what exactly Cheap goods and services or loan?
Russia needs to sell it's energy, it's oil, it's gas, it's weapons, and others and china is not the rightful buyers/customer.
Russian biggest client are still the west and that's why the sanctions are affecting Russia more.
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 7:27am On Mar 07, 2022
Jazzlite:


It goes both ways. Iran North Korea have all survived. Huawei is doing well. The US needs others more

Huawei survived a little because the world is broke and needs Huawei more than Huawei needs America.
Russia needs to play with the big boss in order to maintain her economy.
Just like saying, Nigeria doesn't need crude oil anymore to power her economy.
Those countries you mentioned, tell me the much different they have with one another?? Aren't they still broke, aren't their citizens still fighting hard to escape, aren't their economy shaking?
You do not realize that without the sanctions, most of these countries would have done worst and more.
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by duality(m): 7:52am On Mar 07, 2022
Stevenson1:


Lol. No matter what the news or anyone says... Fact still remains that china and Russia needs America.
Most of you don't know that most companies Operating in china are America companies.

Is America not indepted to china?
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by kumulus(m): 8:46am On Mar 07, 2022
Stevenson1:


Lol. No matter what the news or anyone says... Fact still remains that china and Russia needs America.
Most of you don't know that most companies Operating in china are America companies.


Jokes in my opinion. Why did they bring their businesses there in the first place, cheap labor and more outputs you'd say, bet. This is because they can't afford to do such business on home soil, it'll cost them more.

Now think about it, the US economy would take a hit; they've printed way too much money over the past couple years leading to inflation of the USD meaning they are eyes deep in debt (spending more than they earn).

Commodities prices going up, currently they buy about 3.8litres of gasoline for around #2,900 same quantity Nigerians buy for less than #1,000 even with the current scarcity. Raw materials for staple food production is getting expensive as well, in other words, their transportation and food industry is about to take a hit just like it is for most countries around the world now... sooner than later the effects will be felt by her citizens who would begin to groan.

Definitely not a great time for America. Now China is a major global business hub, everybody goes to Chinatown for everything. Imagine a scenario where producers and marketers start receiving the bulk of their payments through UnionPay and other State-owned systems just to spite the West (China will gladly do this, they've always wanted to make Yuan the global reserve currency)
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 8:51am On Mar 07, 2022
Stevenson1:


Lol. No matter what the news or anyone says... Fact still remains that china and Russia needs America.
Most of you don't know that most companies Operating in china are America companies.

Most companies?
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 9:02am On Mar 07, 2022
NGpatriot:



China is not ready to enter shalanga with dumb and foolish poutin..

China's global economy depends on their trade between the west, the trade volume between China and Russia is only $151 Billion, but it's over $1 Trillion with the West, without the Western Economy, China is toast.

Russia is insignificant in the grand scheme of things so China is actually enforcing the sanctions against Russia, go figure before your next post.


The trade between China and Russia will increase with time. China is abandoning it Coal plant for Gas plant. So China needs Russia for natural gas. China needs a reliable supplier of natural gas. As we speak pipeline from Russia to China is being constructed.

China is learning a lots from this Russia-Ukrainian conflict. It is clear to the Chinese that the West are not reliable partners. Infact it is clear to the whole world that the West is not reliable. Most countries needs to review their dependency on the West.

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Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 9:24am On Mar 07, 2022
olugabbie:


Most companies?

Most companies. No lies.
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 9:25am On Mar 07, 2022
Stevenson1:


Most companies. No lies.


List them
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 9:39am On Mar 07, 2022
olugabbie:



List them

From technology companies
To car companies
To clothing companies
To every damn thing. I'm not about to be a human google to you. If you want names, go online and check if out.
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 10:09am On Mar 07, 2022
Stevenson1:


From technology companies
To car companies
To clothing companies
To every damn thing. I'm not about to be a human google to you. If you want names, go online and check if out.

This is ridiculous. How can you say that US has more companies on the Chinese territory than the Chinese themselves?
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by oilmane(m): 11:52am On Mar 07, 2022
Stevenson1:


Lol. No matter what the news or anyone says... Fact still remains that china and Russia needs America.
Most of you don't know that most companies Operating in china are America companies.


And America don't need China and Russia right? Has America stopped lifting crude from Russia? Can America stop doing business with China? Who will loose now that Russia is no more using the Visa and MasterCard?
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Praxis758: 2:39pm On Mar 07, 2022
Difrent:


But dollars became the global reserve currency after world war 2 now.....means a currency was used before dollars. If eventually this war leads to a semblence if world war3 then be assured USD influence will be whittled down as there will rise rival currency



Read and study the pre-WW2 economic history and you'll see the global currencies are individualistic, no one was having edge over another.

How do you expect a country with strong economy to accept a weak foreign currency to dominate it's economic life? For example, Nigeria will never allow a weak Russia currency to set pace for its oil trade. Never!!!

China kept devaluing it's currency to gain edge over trade with US and you expect such an unstable currency to be globally accepted. Countries would rather go for either British pounds sterling or Euro.

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