(1) China is tee-ing up domestic cashless and is a long way into the journey
(1-i) Whenever I cross the border I feel loss as folks rush through turnstiles and wave their cell phones for permission-ing
(1-ii) When the wife wants to process a micro-purchase and reaches for cash, the seller look at her as if she is from the Stone Age
(1-iii) Believe domestic cashless would open way to anti-corruption / anti-criminal, but given social-credit regime, ohwhoawee - recommend silver counter-measures, and suspect Ag / Au would go ... up, even as their trades would also fall under big data mining and severe-control regime and block-chained
(1-iv) Before folks go yapping about China China China, comment, the way is and shall continue to go global
(2) China shall tee-up digital block-chain Yuan (DBY)
(2-i) Initially and domestically, the digital Yuan would merge w/ domestic cashless, naturally
(2-ii) Soon-enough China would stick/carrot 'encourage' buyers of Team China products to side-step SWIFT / Dollar / Euro / Yen / etc etc etc and use DBY
(2-iii) For items Team China produces a good-enough percentage (rare earth, economic trains, EV batteries, Apple iPhone, quantum encrypted communication services, etc etc), strong 'encouragement' would likely be tee-ed up to transact in DBY, gradually, but inexorably, towards inevitable Point of Destination
(2-iv) For items Team China buys a lot of, i.e. energy, supposedly the exchanges already do trade account settlement in Yuan - small gap to jump to DBY, and the energy trades supposedly can be offset settled in gold asia.nikkei.com , guessing the volume shall grow, and grow and Petro-CNY - DBS Bankhttps://www.dbs.com › aics › pdfController › content › article › pdf › CIO
(2-v) As gold pricing move up relative to oil worth, the move towards gold settlement should increase especially as Team USA continues to weaponise the Dollar
(3) IOW, DBY would be backed by Team China production and market |
