It's the beginning of the end yes but Yuan does not have nearly enough notes in circulation yet and printing as many would run the economy. It will take some time but these types of movements signal the next phase.
Hmmm that's not too bad. I never checked but lived in impression it's something below 1%. I mean, I'm trying to figure how much Russians and Chinese would have to have to mess with dollar. They are not far tho. I think they are no1. and no2. in gold reserves. That would alow them to have extra notes.
Yes they could be self sustaining. Could they replace the petro dollar? Not yet though over time they could achieve this using a commodities, labor, yuan triangle trade
Notes? it's digital, they just add a zero.
In exchange for that digital money China will sell them stuff since China is the producer of everything.
And for that there won't be any dollars involved, this is already so for a bunch of nations even European nations have wallets in Yuan so they don't have to negotiate constantly when money needs to exchange hands.
They can't just add a zero though. I'm not talking about a technical difficulty but rather a market force. If they just print 100x ask it will do is create inflation for their currency.
It's the beginning of the end yes but Yuan does not have nearly enough notes in circulation yet and printing as many would run the economy. It will take some time but these types of movements signal the next phase.
How many notes usd has, compared to the debt, I mean %.
I think 1.6-1.8? Is out there have to check.
Hmmm that's not too bad. I never checked but lived in impression it's something below 1%. I mean, I'm trying to figure how much Russians and Chinese would have to have to mess with dollar. They are not far tho. I think they are no1. and no2. in gold reserves. That would alow them to have extra notes.
Yes they could be self sustaining. Could they replace the petro dollar? Not yet though over time they could achieve this using a commodities, labor, yuan triangle trade
Notes? it's digital, they just add a zero. In exchange for that digital money China will sell them stuff since China is the producer of everything.
And for that there won't be any dollars involved, this is already so for a bunch of nations even European nations have wallets in Yuan so they don't have to negotiate constantly when money needs to exchange hands.
They can't just add a zero though. I'm not talking about a technical difficulty but rather a market force. If they just print 100x ask it will do is create inflation for their currency.
That's simply what fractional banking is. add derivatives and you have worthless money and a fake economy like we have today.
it works until something important like food runs out
Yes but they don't have the same denominator to support the numerator....