-
Can China Dethrone the US Dollar as Global Reserve
On the US dollar as reserve currency, that is a tough thing to break especially for China since the yuan is not freely convertible. China has renminbi and yuan; one they peg to the dollar and the other is circulated in China. Try converting USD to yuan in Paypal for example? The option is not there. Payments from the west to china sellers by Paypal (for example) are only in dollars. It is a complex subject since China is the only foreign nation with a direct link into the US Treasury for purchase of US debt instruments, bypassing the Fed’s crooked relationship with its crooked primary dealers. This is done to ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 24, 2019 2:18am Dec 24, 2019 2:18am
- ekan
- Joined Mar 2019 | Status: Member | 597 Comments
- Comment #2
- Quote
- Dec 24, 2019 3:07am Dec 24, 2019 3:07am
- Nick.
- | Joined May 2013 | Status: Member | 898 Comments
- Comment #3
- Quote
- Dec 24, 2019 7:17am Dec 24, 2019 7:17am
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
- Comment #4
- Quote
- Dec 24, 2019 9:07am Dec 24, 2019 9:07am
- bshappens
- | Joined Jul 2016 | Status: Member | 186 Comments
- Comment #5
- Quote
- Dec 24, 2019 9:54am Dec 24, 2019 9:54am
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
- Comment #6
- Quote
- Dec 27, 2019 2:09pm Dec 27, 2019 2:09pm
- bshappens
- | Joined Jul 2016 | Status: Member | 186 Comments