The U.S. greenback stays the world’s de facto financial reserve, however with China going full pace forward with its digital yuan, that may very well be in jeopardy. Researchers are digging into regulated on-line cash known as Central Financial institution Digital Currencies, or CBDCs, and what that would seem like within the U.S.
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May China Dethrone The U.S. Greenback With A Digital Yuan?
… Except that the Fed isn't made up of elected officials. So really you as an everyday citizen have absolutely no say in monetary policy. At least with most major cryptocurrencies, users get to vote on monetary policy.
This guy must be so stupid, yuan is communist currency which means its worth less than 0
The day the whole world celebrate!!!!!!
The world: how privacy is the CBDC?
U.S./China: What is privacy?
CBDC seams like a way for governments to track where and how citizens are spending money. This could be good for stopping money laundering, tax evasion and other crime but I expect an authoritarian government like china to use it in a Orwellian way.
Congratulations China. This is the beginning of the end of the USA dollars as a reserve currency
It needs to be integrated into Google Pay and Apple Pay. If it's a separate app it will not succeed.
China needs a legit currency to displace the US dollar as reserve currency as it will be the top superpower in the future. Once the US dollar fails … as all fiat currencies eventually do after a printing spree … they won’t be able to find the military. Look what happened to the USSR in 1989.
Yes it can
Why your America people unconfident！？
The few fierce school unknowingly stain because knife conceptually impress around a thin lycra. married, meek attention
That was a good point. ' We trust AT&T AND CASH UP WITH OUR PERSONAL DATA ' But not our government who keep us safe……
Don't know how I stopmed onto this. Anyway GREAT clip 🤩🤩🤩. I also watched those rather similar from MStarTutorials and kinda wonder how you guys make these clips. MSTAR TUTORIALS also had amazing information about similiar make money online things on his vids.
I think will.be WW3 to prevent Digital Yuan, China is no Iraq or Libya easily destroyed by Fed owners
CBDC is bad…. They don’t mention that China puts expiry dates on their digital money. That means if you don’t spend it by certain time you loose it!
Yes, Yes, Yes ! Why not?
For any currency to become the dominant current of the market there needs to be trust from mass users…. China will not be able to obtain that based on its current government’s ways of doing things.
Just look at how Chinese Communist government is able to make Jack Ma’s wealth disappears literally over night . Dig deeper and look at how foreign companies doing business in China have lost more than money over time, they lost intellectual properties and none of them can trust the Chinese Communist government to do the right thing.
Ppl has no idea here, the digital RMB is created to control the chinese citizen. Ever transaction will be monitored by the chinese govt!
It's a trap. Digital currency will only invite anonymous payments to terrorists
Bitcoin vs Fiat. Fiat will lose. That is why the fed is so worried.
why does everything have to fight?
Both are just centralised shitcoins. Bitcoin is the future. Fiat is the past.
Instant and possibly fee free! Not.
I could not understand this video .. why? it talks about China dethrone.. but it discuss the bit coin and US application in central digital currency? so how the digital yuan will win over the physical reserved?
The best way is providing fin tech solutions and maintaining the coexistence of the traditional currency like cash etc.
Does anyone worry about what will happen to all those bank fees? We should feel bad for the banks!
The thing is, as for electronic payments in China now, the government requires all national to be “registered” in order to use it. You can make transactions domestic and abroad. However, if you are foreign or not registered no way using it outside of China. So how’s it gonna work worldwide? The regulations.
It seems as if banks won’t really be affected by the implementation of a digital currency being that it mentions in the video it mentions that in order to access the digital yuan you have to sign up with your bank
CNBC getting on their knees fornthe CCP. Disgusting
Buys more silver coins
thats how government jobs work here . take 20 years of planning and then they decide to scrap it. what waste of tax payer money…. take years if not decades to fix the road ….
Yep, I bought a ton on the dip.
Amazon invested $14 billion in the last quarter alone, the same as it spent in 6 months before that. It is a do not sell stock.
…With the Delta virus coming at full speed ahead, pandemic sales will make a comeback.
Amazon is investing so much money, that no competitor will ever be able to catch up.
Amazon's not going anywhere so I know that eventually it will come back.
Fidelity considers Amazon as a large growth company (probably because as big as it is, it still only has 7% of the retail market)
Get on board or be runover, it's up to you.
1:32 HAHAHAHA Yeah, CCP is really worried about privacy. HAHAHAHAHA
"But the digital Yuan is different. It doesn't rely on physical money."
WHAT REALLY 🤯 OH MY GOSH NEITHER DOES BITCOIN 😂😂😂
Gov: Digitize it's own currency
Hackers: *Sinister smile*hehehe boi…
So government regulated Cryptocurrency… Talk about a juxtaposition.
It’s really not clear whether digital yuan can take away dollar hegemony. But the trend is US increasingly copies from China or reacts to Chinese initiatives. And the funny thing is every time US loses a race, it will bring out the phrase “quality over speed”, except it’s got neither quality nor speed
Well if you talk to me, USD isnt even a currency that is backed by tangible assets. It is relying heavily on trust towards the performance and debt structure of the US financial system. Most of today's money is printed & distributed DIGITALLY anyway with less than 10% of real paper money in circulation. This is a good way to detach our reliance on USD and weakening the overpowered US influence in the financial world. Hopefully eurozone & AUD would also do the same. I put more faith & trust in both than the USD to be honest
They wish lol. US has avengers.