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Is america vulnerable to dropping its standing because the world’s reserve foreign money? And the way does the Chinese language regime play into all this?
On this particular report, we have a look at the foreign money wars taking part in out on the world stage, what meaning for Individuals, and the way it stands to influence your checking account.
Becoming a member of us to make clear the subject are Brent Johnson, CEO of Santiago Capital; Riley Walters, deputy director of the Hudson Institute’s Japan Chair; and James Gorrie, writer of “The China Disaster,” author for The Epoch Occasions, and blogger at The Banana Republican.
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Foreign money wars: Can the yuan topple the greenback? | China in Focus
#Yuan #Foreign money #Dolloar
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Barring some WW3-like event, that’s pretty unlikely. As untrustworthy as you may argue the United States is, China is still worse in most people’s eyes and trust is the key factor there.
Bitcoin is the black hole that will swallow all fiat currencies because it's just superior in every way. The only thing holding it back has been transaction volume, but that's getting solved by the lightning network. So enjoy your central banks while they exist.
I know one thing. The Yuan can't e trusted as the world's currency. Seeing as it is controlled by the CCP and what they can do to people money.
I don't believe mamy countries will even other to use that one🤔
XRP. XLM. 🥈🥇.
Chine Yuan? Even Japan Yen is 10 times stronger..
I love tiffany w/ beautiful dress.
I am selling my $$
The fiat petro dollar system is coming to an end…
Hmm, the answer is clear for US replace the Russia regime with a democracy.
Putin must be terminated
It could happen, but not anytime soon. But wars could accelerate that though. And as long as the US have the most nuclear arsenal in the world, world peace should go on for some time.
Mrs Laura is legit and her method works like magic I keep on earning every single week with her new strategy
USD will be replaced soon . That's their destiny.
The simple answer is to get rid of currency. Dollars and coins are backed by nothing thanks to Nixon taking us off the gold standard to be able to print endless money to fund the American war in Vietnam. All buying and selling should be in electronic form so there can be future electronic currency wars. If that don't work, use the Pecan in it's shell as the recognized currency as no one can afford a bag of nuts. Thanks Biden for your runaway borrowing, printing, and spending. That's why no one was there to shake your filthy hand.
Yuan currency of China can never replace Dollars of America unless China decised to be destroyed. People and countries of the world will never accept it based on present and existing integrity of China in international trade, attacking other countries with weaker, corrupt and political srtrategies. No country has faith in China and trust in its currenbcy and intentions as it matters only in world politics, trade and trust.
Bric should launch their own currency…..
No
People in school should learn how to make their own energy and make the medium to store it including the device to dispense it. Next is to learn how to grow food without using a lot of land space so that the basics in thier regular diets are covered to a degree. Next is to learn how to make medicine including how to diagnose an illness and dispense the right meds for thier problems….as for dominant currency… it's always has been about the oil in the ground. Because oil is a staple material in any modern society the US being one of the nations who know how to use oil and create products from it became the first REAL BUYER that paid in US dollars. I see the old greenback as "paper gold"…. Legally accepted everywhere and is even considered the second currency in any emerging market….
ths shift has already started…it happened in the past when the british pound was replaced by USD after WW2…
You the US dollar will fall. Wok wok crash.
short answer yes, it's not currency wars it's the natural rise and fall of empires, modern times has seen the Spanish then Dutch then British then US. It's normal not war.
Your yellow outfit makes your beautiful red lips stand out… I have a feeling I have a crush on you Tiffany
Nicely edited report
Very soon,,, the Paper Money will have no value,,,, and the Digital Currency will exists,,,,
The world won’t accept a currently run by a unstable communist country don’t worry
As a Norwegian, I hope the US dollar dies out. I dont believe any nations should have a gun to another persons head to stay relevant in this world. Americans are used to abuse people all around the world. And sure, the regime of China and Russia are not better options. but the American people, are so ignorant and so prideful and shit on literally everyone because they believe they are from god or something. I would love to see USA, Russia and China collapse at the same time.
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The success of a global reserve currency is dependent on trust in that currency and the nation it originates from. Totalitarian regimes fall pretty low on that list… especially those regimes that have done things to make the rest of the world pretty distrusting of them.
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Well if China didn't constantly cheat and lie about everything maybe they could have a chance. Maybe if China didn't constantly cut it's own throat by attacking their own corporations, maybe they could have a chance. They are in a long downward spiral because they haven't gotten through the Covid epidemic yet.
There are many people who WISH that the dollar would collapse because they are invested elsewhere. My broker just told me that emerging economies will really suffer because of the rise of the dollar.
Nobody wants to used chinese money
Russian Ruble v USD 0.13
Chinese Yuan: v USD 0.15
China, Russia can only dream of being the dominant world currency.
U.S., UK, Canada, Australia
nothing last forever. remember the British pound as global reserve currency