It does not matter what shitty fiat paper will be used as reserve currency. Reserve currency idea itself is a complete fraud and hoax.
Even if there will be yuan, rouble, rupee, whatever instead of dollar, backed with nothing, nothing will really change.
To break that reserve currency shit there should be a currency strictly and 100% backed with something real, so the currency owner should not be able to print it without limits. Despite some rumors and lies, no any state ready to roll out currency backed by something to replace that fiat shit and destroy that stupid system.
Chinese Yuan, nor Euro are not big enough to replace the dollar in currency nor in the bond space.
A commodity backed basket of currencies of RUB + CNY + INR + BRL + IDR + ZAR all put together might be a big enough to offer a partial alternative, but NO replacement.
slowly countries will start to turn away from the u.s. the crash will happen slowly at first, then speed up as time goes on. we're fucked in this country. utterly fucked.
It does not matter what shitty fiat paper will be used as reserve currency. Reserve currency idea itself is a complete fraud and hoax.
Even if there will be yuan, rouble, rupee, whatever instead of dollar, backed with nothing, nothing will really change.
To break that reserve currency shit there should be a currency strictly and 100% backed with something real, so the currency owner should not be able to print it without limits. Despite some rumors and lies, no any state ready to roll out currency backed by something to replace that fiat shit and destroy that stupid system.
They are going to have a great time getting new missiles for Iron dome and replacement parts for their radar systems.
All Yuan notes have Mao's picture on them. Mao is the worst mass murderer in the history of humanity. WTF is Israel thinking here?
Somebody is not a fan of this thread, I see...
Exaggerated sure but still shows their intent which is clearly not to be our ally
Chinese Yuan, nor Euro are not big enough to replace the dollar in currency nor in the bond space.
A commodity backed basket of currencies of RUB + CNY + INR + BRL + IDR + ZAR all put together might be a big enough to offer a partial alternative, but NO replacement.
slowly countries will start to turn away from the u.s. the crash will happen slowly at first, then speed up as time goes on. we're fucked in this country. utterly fucked.