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Economy
China plans to dethrone the dollar. When the US government robbed Russia of $300 billion and suggested turning it over to Ukraine, that was where trust was broken and got the ball rolling.
2023-05-29
Posted by:Harcourt Tholuse6841

#3  Yuan isn't spendable anywhere but China and a few despotic dictatorships like North Korea.
Posted by: Enver Slager8035   2023-05-29 22:25  

#2  I doubt China really wants the Yuan as a primary world currency. It would require allowing much more off shoring of the Yuan. Pretty shore China wants the spare cash of the common folk to be trapped into intra-chinese investments.
Posted by: lord garth   2023-05-29 18:24  

#1  Hmmm, I thought China was still a "developing nation".

And that SWIFT data center SW of DC...it wouldn't happen to have any bank transaction records with "BIDEN" on them, would they?

Money is about trust & confidence, and the US is shooting itself in the foot.
Posted by: DooDahMan   2023-05-29 10:14  

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