Bring_Bring_Duh_Ello
Bring_Bring_Duh_Ello t1_jeag7yb wrote
Reply to comment by Elsewhere3000 in Brazil, China strike trade deal agreement to ditch US dollar by loggiews
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To be clear the yuan is not even among the top 4 reserve currencies which are USD, Euro, Pound and Swiss franc.
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Government transparency - how many people truly understand the dynamics behind the Yuan? Maybe 35 members on the China State Council (if that). The lack of transparency will be a major drawback against the Yaun.
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As Chinese middle class expands more Chinese are likely to spend in the worlds number one economy, or the US. Which will in turn result in US companies selling more to China. These demographics and economic factors only add, not subtract, from the strength of the USD.
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The USD stands on solid bedrock of the 310M population whereas the Yuan is spread across 1.3B Chinese who are not only aging as a population but will begin to demand more rights. Social unrest and political pressure are coming in the mid to near term
Bring_Bring_Duh_Ello t1_jea0lie wrote
Reply to comment by [deleted] in Brazil, China strike trade deal agreement to ditch US dollar by loggiews
Once again, these are projections, interpretations and general bull shit.
One who is strong doesn’t need to constantly project strength. Said differently, a yuan backed agreement with Brazil is not representative of anything, except that Brazil is dumb enough to sign up.
Bring_Bring_Duh_Ello t1_je8pfb3 wrote
Reply to comment by Elsewhere3000 in Brazil, China strike trade deal agreement to ditch US dollar by loggiews
…is this a joke? Brazil trades in yuan and you think all of this will be the result? Not only is this a non-issue it’s not news. China is trying to do what the US did in the 50s and they have yet to even do that.
Bring_Bring_Duh_Ello t1_jdjo1ce wrote
Reply to comment by JennysDad in China authorities raid US due diligence firm, detain staff by VIRGO_SUPERCLUSTERZ
/s?
Bring_Bring_Duh_Ello t1_jaq7xu9 wrote
Reply to comment by SipexF in Russia says it is fighting 'terrorist attack' in region bordering Ukraine by steamfan12
All the smoking accidents at ammo facilities and clumsy senior leadership has given the terrorists the motivation they need…
Bring_Bring_Duh_Ello t1_j5xe5tk wrote
Reply to US Seeks Reengagement with China to Stop Illicit Fentanyl as Blinken Heads to Beijing by Sweaty_Maybe1076
I think the fentanyl trade will pressure the US to legalize certain drugs.
Bring_Bring_Duh_Ello t1_j0ynkgw wrote
Reply to comment by plz_send_your_nudes in King Charles III bank note designs revealed by Bank of England by elizabeth-cooper
Dude go over to r/ELI5
Bring_Bring_Duh_Ello t1_jec4v6x wrote
Reply to comment by Elsewhere3000 in Brazil, China strike trade deal agreement to ditch US dollar by loggiews
This has been projected since 1990 and the date continues to be pushed back. The aging population will only make this more difficult if not impossible. In 2035 they will be fully realizing this reality. Come back and remind me when it happens.