I’m not at all sure I believe this.
However, I do believe that a currency which is backed by real value (gold or a basket of commodities, or whatever) is the smart way to go. The US ought to lead the way, but if China goes first, we should follow.
Fiat money has become a ponzi scheme and the Central Banks are murdering the world.
An honest monetary unit is a good thing, run by anybody, anywhere, anytime. Funny how the fiat dollar, brought to us by the murdering crook, LBJ, and Tricky Dick, is utterly beyond criticism. To question its wisdom is to be banished forever to Kookland.
not sure i get the reasoning. they carry a huge trade surplus with us. they’d be hurting their economy which is already in bad shape. i question the validity of this.