In China’s dreams. It’s an economic factory nation - nothing more. Without the US trade they collapse.
It’s already happening.
https://thecradle.co/article-view/24080/de-dollarization-kicks-into-high-gear
China is a nation that is collapsing- literally.
Go to You Tube and look up ‘’Tofu Dreg/ China Construction’’.
The real estate/construction industry is so corrupt in China that buildings literally collapse, sometimes without warning.
Entire multistory buildings made of such shoddy materials they literally collapse, sometimes killing and injuring dozens at a time.
Why do you think the world needs a reserve currency at all?
It made sense before computers to have some means of international trade. But today, exchange rates are real-time and trade can be done in local currencies.
It is not about the Chinese Yuan (or any other) replacing the dollar.....it is about the dollar not being the reserve currency anymore.
The world would go back to trading in their local currencies or even gold with each other.
It will still be devastating to our economy.
That is the most idiotic globalist screed that I've ever read.
“Without the US trade they collapse.”
I’m fascinated by the misuse of money replacing the basics of life. For the first few generations of any country, to include the US, money really didn’t mean anything except a centralized way to get goods that could be traded for. All money did was increase the amount of ways to use worth to gather food, shelter, water...life needs. But now it is the opinion that those goods, cannot be mustered without money. Well, like anything else, those same needs cannot be gathered without other trade items. You can’t eat money.
Money is now traded for goods in hand. If you live in a desert, can you trade water to your neighbor by giving them money? Or is money worthless when there isn’t any water? China can have the worth in money as long as it is understood we have the food. So they die rich...but they die anyway.
wy69
That’s ok. Brandon will topple it for them. What do you think they paid him for.
The only reason the dollar is as stable as it is is because there is probably $100 trillion in circulation so a couple trillion more in fiat money doesn’t make a huge impact.
China is not dreaming about it, it is naturally happening. 150 countries have China as their main trading partner, including US. You can buy everything in Yuan. With the USD you are at risk of your assets stolen by the Fed at every moment.