Biden’s Russian roulette may kill dollar dominance

[CIA Mole]

currency was never meant to be a commodity but was meant to be a medium of exchange for commodities. making usd the global reserves currency has had the dastardly side effect of the currency becoming a commodity in itself. Russia's complete disregard for usd's fake identity as a commodity has given the world two choices (needless to say, I'm simplifying):

1. forget about Russian oil & gas, run your car by lighting u.s. dollars in your gas tank and heat your homes by burning dollars in your furnace.

2. forget about u.s. dollars and get something real and usable like oil and gas to run your cars and heat your homes.

its not just russia

saudi uae venezula iran are all making moves

they see the reckless dollar printing and now perhaps want a more diversified system

 

[The Accountant]

Afghanistan is a shit hole

What has Russia accomplished in Ukraine ? 13 days -- Kiev & Kharkov are still under Ukranian control.

Russia showed to the world that NATO and US are good for weak nations only. Russia also showed that US is friend of none and cares for her own selves.

Russia is not using airforce to minimize civilian casualties otherwise kiev is completely surrounded by russian ground forces. Its matter of a day or 2 to take down kiev

 

[nahtanbob]

You can buy Chinese goods and protect against US inflation. Printing dollars like toilet paper is not sustainable long term. China has probably the world's largest gold reserve. You can actually buy Chinese bonds but its not offered in US, can buy it in HK. Stocks yes through HK.

If I have a billion dollars how much Chinese goods can I hoard ?

 

[GumNaam]

If I have a billion dollars how much Chinese goods can I hoard ?

you'll never have a billion dollars nathulaal, give it up.

 

[Han Patriot]

If I have a billion dollars how much Chinese goods can I hoard ?

A billion worth of Chinese tech stocks, bonds, futures based in shanghai, and of course buy a warehouse and stock on some good ole Chinese stuff. Btw in the future Yuan will be backed by gold. I don't see anyway of challenging dollar unless its backed by gold.

 

[GumNaam]

A billion worth of Chinese tech stocks, bonds, futures based in shanghai, and of course buy a warehouse and stock on some good ole Chinese stuff. Btw in the future Yuan will be backed by gold. I don't see anyway of challenging dollar unless its backed by gold.

if nathulaal had a billion dollars, the only Chinese good he should hoard is the "Made in China" indian identity where he is constantly reminded of his place by having to kneel down while holding his ears!

 

[Longhorn]

you'll never have a billion dollars nathulaal, give it up.

One less thing for him to worry about.

 

[nahtanbob]

A billion worth of Chinese tech stocks, bonds, futures based in shanghai, and of course buy a warehouse and stock on some good ole Chinese stuff. Btw in the future Yuan will be backed by gold. I don't see anyway of challenging dollar unless its backed by gold.

It cost money to own a warehouse, buy & sell goods. Buying 10000 smartphones and hoarding it for a year is a useless activity bound to lose money.
all manufactured goods have time value. either they become obsolete (technology goods, automobiles). chemicals, medicines, processed food are perishable.

chinese stock market is not transparent subject to the whims of the CCP bosses

 

[Han Patriot]

It cost money to own a warehouse, buy & sell goods. Buying 10000 smartphones and hoarding it for a year is a useless activity bound to lose money.
all manufactured goods have time value. either they become obsolete (technology goods, automobiles). chemicals, medicines, processed food are perishable.

chinese stock market is not transparent subject to the whims of the CCP bosses

Alot of American funds buy into Chinese stocks. If you complain so much just stick to US inflation. Rmb is gonna be backed by gold,trust me

 

[nahtanbob]

Alot of American funds buy into Chinese stocks. If you complain so much just stick to US inflation. Rmb is gonna be backed by gold,trust me

It does not change the fact for your billionaire that Chinese stocks are the whims of who is ruling Beijing

 

[Han Patriot]

It does not change the fact for your billionaire that Chinese stocks are the whims of who is ruling Beijing

And the whims of your stocks exchange is not controlled by the Zionists cabal? It's the same game across the ocean matey.

 

[mss]

Does anyone have the full text of the article and could please share it?

 

[nahtanbob]

And the whims of your stocks exchange is not controlled by the Zionists cabal? It's the same game across the ocean matey.

Wall Street has no control over the stock market

 

[Aasimkhan]

What is the point of having Chinese currency ? can I purchase property in China or purchase Chinese stocks or bonds ?
It is a serious issue for those of us who are not Chinese to ponder.

Why people have been buying dollars for last 70 years ? Same reason for buying Yuan

 

[nahtanbob]

Why people have been buying dollars for last 70 years ? Same reason for buying Yuan

The big players are invested in the USA over past century. China is really in the early stages of Yuan.