To: viewfromthefrontier
If you embrace the Red Chinese Yuan, whose value will be determined by the whims of Xi Jinping and the Chinese Communist Party, you deserve what happens to you.
2 posted on
06/28/2022 7:45:29 AM PDT by
GreenLanternCorps
(Hi! I'm the Dread Pirate Roberts! (TM) Atsk about franchise opportunities in your area.)
To: GreenLanternCorps
Similar to Europe deciding to become energy dependent on Russia. Might seem like a swell idea at the time, but anyone can see that it could go horribly wrong when the other party decides to do what it wants without asking permission.
5 posted on
06/28/2022 7:48:51 AM PDT by
ClearCase_guy
(We are already in a revolutionary period, and the Rule of Law means nothing. It's "whatever".)
To: GreenLanternCorps
How about a reserve currency that isn’t based on the whims of central banks or the whims of government central planners?
How about basing it on, I don’t know, something rare and durable and portable that retains value well. I know it’s a crazy idea, but it just might work...
6 posted on
06/28/2022 7:53:48 AM PDT by
Boogieman
To: GreenLanternCorps
There's this One Weird Trick, where you don't go around seizing foreign dollar reserves like a fricking pirate, just because some country has their money parked in banks you can get at.
Tends to make countries that are watching think about safer places for their cash.
11 posted on
06/28/2022 8:03:34 AM PDT by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
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