Good for Russia (about 2 weeks ago). Good for China.
Now, if only we here in the USA can do the same!
(replace it with gold-backed NESARA)
Our establishment, both parties, is playing right into their hands.
What does BiXiden have to say regarding this issue?
It is projected to happen by 2029. The US Dollar just achieved an historic event last month- or shall I say the Chinese Yuan did- more Chinese Treasury Bonds were purchased by the world than US Treasury Bonds.
Expect even more interest in China as it is greatly rumored that their new sovereign digital currency ( they are slated to be fully cashless by 2023) will be backed by gold, not “promises to pay”.
The USA is going crazy with debt and money printing - but who wants to hold their wealth in Chinese RMB??
EVERYTHING in China is subject to CCP politics. I would never keep my money in Chinese control.
Also, China runs a mercantilist economy. It can’t be a major reserve currency across the globe unless it puts money out into the world - Triffin’s dilemma
It might play some larger role as a reserve currency, but it is very limited.
nothing stops any two parties
from using the RMB
as a benchmark
just go do it
Is there really any such thing as 30 trillion dollars - and counting?
THAT BIDEN WIN IS AN AWARD TO CHINA FOR INVADING US USING COVID 19
Every time an American looked at an item for where it was made in it came from China. Now China’s reliance making everything was being threatened by a change in leadership in America which was a major consumer of those products. When Americans hailed their leaders decision to make many of them in their country US. Their politburo worried.Also beside the protests would build up and ship loads of American $$$$ might stop coming in
Worse yet opponents to the Chinese regime in power had its citizens protesting its policies , as in Hong Kong, since that change in American leadership, wave the American flag and present Trump’s name when doing so.
All of which presented those in power the need to destroy that leader Donald Trump. In totalitarian political circles this strategy has been reported to be frequently considered Would a runaway plague created by a nation which could threaten populations of an enemy cause them to react by demanding extreme restriction of movement by its population to prevent its spread ? Thus wind up fragmenting its economy and create defeat for that leader’s upcoming election.When
they released it that was the CCP intention but it got away from them and went world wide and they should be made to pay
Here’s that compliment paid to the CCP by the Biden campaign for bringing in the virus which they admitted really helped fix it to get Biden elected http://freerepublic.com/focus/f-news/3940857/posts
good ol chinese tu gsten gold bars determining it?
sure hope not
the smart people would trust em with a copper penny
If Trump were still in office, this move would not at all be helpful.
That’s ok, we have Bitcoin
80% of which is mined in china
oh, wait
nevermind