Gold, yes. Euro & Yuan, makes no sense.
Trade deficits.
Think Europe or China will ever run deficits large enough for long enough to function as a reserve currency?
What is happening are barter deals: oil or some raw material to China who pays in Yuan and then the Yuan pay for imports from China. Or better, China makes big loans, Chinese and local officials enjoy a feast of embezzlement, and the country reneges on the deal.
Trading one failing, mismanaged fiat for another makes no sense. They can horde lumps of shiny metal if they want, I’ll go with bitcoin for its greater utility, fungibility, ease of use, lower TX costs, greater security via multisig, inability to counterfeit/fake, and more rigid scarcity.
China’s yuan, is that even real ? LOL
“Socrates nails it. “
LOL! S9crates socks!
He failed to predict his three bankrupsies.
He failed to predict his losing $700 million of his clients’funds.
He failed to predict he would spend eleven years in the federal pen.
In 2014 he predicted gold would soar to $5,000 in 2015.
In 2014 he predicted that there would be a world financial collapse would occur in 2015.
July 2024 he predicted US cIvil unrest/WAR to happen just before the 2024 elections.
November 2024 he predicted a US civil war would happen the week of Trump’s inauguration with the US breaking up into four new countries in 2026.
December 2024 he said via Socrates that the 2024 elections would be the last in the US.
January 2025 he predicted US civil unrest on May 7.
June, 2025: The EU is DONE – Ukraine Will Be Wiped off Map
March 15, 2025: Got suckered by fake story https://freerepublic.com/focus/news/4304515/posts?page=40#40
soros and crew started pouring money and tech into china in the early 90s when the clintons took office.
we gave the chinese our manufacturing base and explained the upgrade. then the pc revolution gave them a huge bump... a bump that we never had in the US.
bringing back manufacturing will improve employment in the US while hosing the chinese a bit... but we’ll never match their manufacturing might.... which is the core component in a drone based war.
the next war, a drone war with china, is already lost.
and no, EMPs aren’t a silver bullet against hardened drones.
“Socrates nails it”
What’s that? You talk like a gangster.
The U.S. Dollar Index (USD) is trading at 97.39 against a basket of foreign currencies.
97.39 is the lowest price since February 2022.
USD 100 is considered neutral.
Above 100 indicates USD strength.
Below 100 indicates USD weakness.
USD was trading at 109 in January 2025.
USD is down 9% in six months, which is a fairly large drop for a major currency.
Real Time quote...