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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (36259)9/8/2021 7:15:38 PM
From: Sun Tzu  Respond to of 97931
 
The USD prominence is due to oil being quoted in USD (look up the history of petro dollars). The military has little to do with it beyond enforcing the regime.

China cannot make RMB a reserve currency until it opens its financial markets and allow open exchange. This is not going to happen so long as China is dependent on domestic funding and cannot risk capital flight.

So we're likely ~10 years away from such an event.


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