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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (197854)4/1/2023 4:53:20 AM
From: TobagoJack1 Recommendation

Recommended By
ggersh

  Read Replies (2) | Respond to of 217936
 
Re <<Will the Chinese renminbi replace the US dollar?>>

... China actually is not interested at all to have the RMB replace the US$ because that is a way to purgatory, not because of anything USA might do but because whichever domain holding the reserve currency position meets with ungood happenings

Re <<It appears to be making inroads at it
whether or not it's intended too
>>

... yeup, splash collateral damage possible, but if so, might help USA as reserve currency domains do not end well, a suspicion

W/r to RMB, China actually ONLY wants to trade in own currency, and as give / take, willing to trade in counterparty currency as package deal

China unwilling to trade using third-party currency because it makes neither mathematical nor logical sense.