Article

2023-05-29 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.

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Posted by Harcourt Tholuse6841 2023-05-29 00:00|| || Front Page|| [7 views ] Top
File under: Commies

#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|| 2023-05-29 10:14|| Front Page Top

#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|| 2023-05-29 18:24|| Front Page Top

#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|| 2023-05-29 22:25|| Front Page Top

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