Hilarious you say
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Think again, history was made a few months ago when it was announced the world bought more Chinese bonds than US Treasury bonds. They pay a higher percent and the world is flocking to them. The Chinese Yuan is also going to digital cashless, and rumor has it by 2024 will be backed by gold holdings, not debt. MANY experts have predicted the extreme downturn in US debt ( dollars and bonds) instruments, and by 2030 the Chinese currency will be the new worlds currency.
Only because it is.
history was made a few months ago when it was announced the world bought more Chinese bonds than US Treasury bonds.
The world? Link?
The Chinese Yuan is also going to digital cashless, and rumor has it by 2024 will be backed by gold holdings
Do I have to email my Yuan to the Chinese government? Do they email the gold back to me?