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To: george76
This purported imminent replacement of the dollar with the RMB, however, is not going to happen any time soon.

Not so sure I agree with his rosy take. Fads have a habit of taking seed and spreading like wildfire. This is especially true when the U.S. has abused the privilege as they have recently, coupled with their out-of-control hegemony around the world.

France is in talks now, and the EU will follow closely behind sooner than later, is my prediction.

It was one thing when America was respected. That respect has totally eroded under Biden.

Stolen elections have severe consequences, and the world knows that the 2020 election was stolen.

4 posted on 04/06/2023 5:46:59 AM PDT by Robert DeLong
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To: Robert DeLong

“and the world knows that the 2020 election was stolen.”

Of course they all know, everyone knows except biden.


6 posted on 04/06/2023 5:51:10 AM PDT by VastRWCon (Fake News")
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To: Robert DeLong

As I pointed out on a similar thread: The CCP keeps the Yuan pegged to the Dollar in a range of 6-8 Yuan per Dollar. They will not allow the Yuan to rise more than that, and they will flood the market with Yuan while buying up Dollars to maintain that range. Until China decouples the Yuan from the Dollar, then the Dollar is still underpinning all of the transactions made in Yuan.

My previous post:

“ If China manages to convince the world to trade in Yuan, it will have to decouple the Yuan from the dollar at some point. When that happens the Yuan will rise, and everything made in China will become more expensive by default.

People can talk about how bad it is since the dollar is the world’s reserve currency, but no other nation wants to have that responsibility. The world’s reserve currency will always be at a competitive disadvantage when compared to the other economies. This is why so many American jobs have moved overseas.”


7 posted on 04/06/2023 5:57:30 AM PDT by beancounter13 (A Republic, if you can keep it.)
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