| Title | : | Yuan vs Dollar: Chinese Yuan Will Unlikely Ever Replace the USD | Simply Economics |
| Lasting | : | 10.08 |
| Date of publication | : | |
| Views | : | 1,2 rb |
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So much cope Comment from : @chosk80 |
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The US is a failed state and is no longer the world most powerful economic power Hence it is logical that the US dollar will eventually be eplaced by another currency as the reserved currency The Yuan or RMB is the natural choice to replace the US dollar whether you like it or not Comment from : @GoldNugget138 |
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The US need to produce actual goods not to print more money Comment from : @QuantumBoyMacau |
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Hear of the term "critical mass"?brWhen the dedollarisation reach a certain level / number there will be a rush for the door brOf course not everyone can bolt for the doors There be some that are chained eg UK EU Mexico Comment from : @wongcy713 |
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US credit rating down for the first time since 1994 Do you think the US economy is still healthy and doing well? Nowadays, is it still worth the USD to be deified and considered as a superior currency that cannot be replaced? The future economy cannot be predicted with certainty What will happen in the future no one knows Who knows when US hegemony will collapse in an instant? It is possible that the US will make another stupid mistake that will destroy its economy more quickly The point is not to glorify the power of US hegemony too much and underestimate the progress of other countries that have the potential to replace US hegemonic power For now China is the most potential candidate The US itself is very aware of that and is trying in various sneaky ways to hinder China's progress Comment from : @albertbudiyono6670 |
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US is the biggest debtor nation and the non stop printing had reduced confidences in holding this 'trash ' money as mentioned by Dalio and other credible analysts Comment from : @yklee5872 |
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In Economic, never say never Comment from : @wongrobert7340 |
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As long as Yuan can buy oil and other resources it's all good Comment from : @ruiqianren9405 |
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Whether you like it or not Yuan is already world reserve currency,, dollar becomes reserve currency because nixon administration and Saudis makes world rely US$, black gold makes dollar the most using currency in the world, it happens when Saudis allowed must sell their oil to US paper money,,the story bretton woods agreement is useless argument,,commodity makes $ lovable Comment from : @mustg4891 |
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If not sooner than later You will have two options instead of one I like the idea of printing money with nothing to back it But, war Comment from : @chenmen626 |
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