Not this again...
Another “The Sky is falling” huckster, although with their lips wrapped around Putin’s choad to boot.
Amateur hour stupid. They mention the huge export surplus from China. What would happen if the yuan (RMB) dramatically strengthened against the dollar? Now that $1 widget in Walmart costs $1.50 and it’s profitable to be US made. China does not want that an so keeps the yuan weak against the dollar.
If the dollar falls 33% the 3 trillion of US treasuries are now worth 2 trillion.
Not to mention it is hysterically funny that this author thinks the majority of nations will trust China as the reserve currency guardians, especially after their vovid treachery.
“Not this again...”
I’m sure you meant to say:
“Not this SHIT again...”
The idea that two oligarchies are going to replace the dollar as the reserve currency with their rub(b)le or yuan is beyond preposterous.