nothing good comes out of china part........ 11

 

Listen up !!!!!!!i am not  sure  about any other  person living in good  old  USA .....but letting a  shitty piece of worthless  currency .....rule  ...we   do not  its value .....they print of  like  leaflets ......how can we  trust a servile nation to get money .....these  guys are  more dishonest than a used car salesman ......or a fisherman.......or a  used car salesman........who fishes a a lot .....they print the yen and lend that  out willy nilly ........to poor  countries .....the dollar  bill is a  steadfast of currency for all illegal activities .......what are you fucking nuts!!!...........!its that bastard joe biden......... sucking chinese  dick ....i tell you  ...we  need a real patriot to run shit!!!!!  ..... not a doddering old fuck ....who is  half conscious ......i mean  FFS...... who the fuck voted this old fucker in ......you need  a  good  kick in the vag..... or dick ......or  both........as we  do not  know what half of you biden fuckers are .......you all wannabe pansexual/bi sexual/omnisexual/globosexual/.....who the fuck knows  what the fuck you want to be ....i am so glad oi never  had  kids  ....i would have sold them for shark bait  ....or to the chinese  whom....... i hate  for their sweat shops .......just becasue .....i could ..... .......if you got  a dick ........a dude  .....a a vag/birth canal /stench trench/booyah/pussy ......chick .....simple........ simple  dolly simple ........however i am straying again........fuck !!!!!!!......however the yuan  ....like the euro ......piece of shit  currency ......dollar  bill always  favoured  by drug barons  ....money launderers and banks .....and  criminal enterprises  like the american  govt and  banks .......see where i am  going  ....its one  size  ....fuck that  colourful shite  papaer ......it gets  confusing .......kep it fucking simple ..........



Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation's trade supremacy is quickly boosting its reserve status

Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation's trade supremacy is quickly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation's trade supremacy is quickly boosting its reserve status

China’s economy has been immensely successful by most measures. Its gross domestic product (GDP) of $17.7 trillion is second only to the United States. It’s also the third-largest trading nation in the world — behind only the U.S. and E.U.

However, China’s currency — the renminbi — only accounts for 3% of global trade. Compare that to the 87% market share of the U.S. dollar. Despite its economic and political power, the country doesn’t dominate the global flow of fiat currency. Now, it’s looking to change that.

Here is China’s multitrillion, multidecade plan to replace the U.S. dollar as the world’s reserve currency.

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How do currencies achieve reserve status?

Achieving reserve currency status isn’t a formal process. Instead, it’s like winning a popularity contest.

The most popular currency for global trade and cross-border commerce emerges as the de facto reserve currency. The “popularity” of a currency is simply based on the perception of security and resilience of the issuing country. This is the asset or currency that most central banks across the world prefer to hold in reserve, which is why the dominant asset earns the label of “reserve currency.”

Since 1450, there have been six major reserve currency periods. Portugal dominated the global reserves until 1530 when Spain became stronger. Currencies issued by the Netherlands and France dominated world trade for much of the 17th and 18th centuries. But the emergence of the British empire made the Pound Sterling the reserve currency until the end of the First World War.

The U.S. dollar displaced the pound just as America gained economic superiority over Britain. More than 75% of global transactions have been completed in U.S. dollars since 2008. The dollar also accounts for more than 60% of foreign debt issuance and 59% of global central bank reserves.



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