migflug
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Because only Euro and Yuan has economic heft to balance dollar.Who said China wants Yuan to replace dollar?
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Because only Euro and Yuan has economic heft to balance dollar.Who said China wants Yuan to replace dollar?
They monitor both physical and digital dollar transactions easily. SWIFT and other western developed transaction systems track digital transactions and the serial number of every paper of dollar enables them to track them physically.What does #4 mean? How does the US know all your business if you use the dollar?
@FuturePAF @ziaulislam
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of course America would beg for a quick death but she only deserves a slow, excruciating one.Nothing is stopping you. Please go ahead with it TODAY.
Clueless. no need to push for RMB's share when currency swaps and mBridge are already doing wonders, even your country India is in on the mBridge project that you are probably not aware ofSimply not possible, to replace Dollar, China has to completely free its renminbi which is simply not possible. China keeps their currency undervalued for higher export, so to make renminbi a dollar substitute they have to remove those checks and balances, which i don't think CCP would want. There is no decoupling from dollar as of today, decline sure, but no substitution by any currency.
So, the US can see the transcations but do they know what commodity each country is trading ith what other country and in what quantity? I think that's the more important question.All banking transctions are done via swift system that in theory is owned by a consortium of Americans/European banks but in practice after Patriot act can be viewed by uncle same within a few minutes.
China has its own system and is massively pushing for it
Removing Russia from swift is what triggered popularity of Chinese system
It was a stupid move by USA
There are other things they control like insurance..they can see many things through that as wellSo, the US can see the transcations but do they know what commodity each country is trading ith what other country and in what quantity? I think that's the more important question.
typical knee jerk reaction...
Only fools will think dollar will collapse overnight in one day, it's not good fo US and it's not good for China either, but still, anyone who is not blind can see the erosion of dollar has already started.
of course America would beg for a quick death but she only deserves a slow, excruciating one.