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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 |