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/biz/ - Business & Finance

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49837198 No.49837198 [Reply] [Original]

Are you prepared for the Chinese Yuan to become the new world reserve currency?

>> No.49837221

>>49837198
the era of fiat currency is over, the monetary system just hasn't caught up yet. none of these worthless centrally printed debt shitcoins will be reserved for anything

>> No.49837229

>>49837221
Digital Chinese Yuan, DCY

>> No.49837244
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49837244

>>49837198
yes

>> No.49837261

>>49837198
would it affect me as a mexikek

>> No.49837267

>>49837261
It will affect everyone in the world as we're going into a deep depression. From the ashes a new beginning -- that is if you survive it.

>> No.49837278

>>49837198
CCP pegs the value of yuan to USD. And they do NOT want yuan to strengthen. In other words, your post is retarded.

>> No.49837294

>>49837278
I never thought a post as retarded as this would be posted in my thread. Bravo.

>> No.49837365

>>49837198

>watches Ray Dalio once
>"hmm USD is over I am very smart"

Literally no one on the face of the earth trusts the CCP government, not even the people that live there

And you think everyone is going to switch their reserves to Yuan?

Fucking kill yourself

>> No.49837412

>>49837229
>>49837198
China has no interest in making the Yuan a reserve currency because it would hurt their attempts at domestic control through manipulation.
The digital yuan is the same, who wants to hold something that can not only expire, but be confiscated by the Chinese government on a whim.

Nothing from China will ever be a global hedge because they are too dishonest, and they want to continue being dishonest so they will never accept it anyway.

>> No.49837425

>>49837365
Let's dissect this post a little bit and uncover your thoughts:

>watches Ray Dalio once
>"hmm USD is over I am very smart"
Nothing of substance here I'm afraid

>Literally no one on the face of the earth trusts the CCP government, not even the people that live there
Yeah... still nothing of substance just opinion

>And you think everyone is going to switch their reserves to Yuan?
Yes, it's clear to anyone with eyes

>Fucking kill yourself
Ad hominem attack, seriously? That's all you've got, an opinion and an ad hominem attack. Stop embarrassing yourself in here and maybe take up a course on macroeconomics

>> No.49837474
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49837474

>>49837198

>> No.49837520 [DELETED] 

>>49837365

>"trust is not a factor for determining reserve currency"

sorry for your mental disability, i will stop bullying you now

>> No.49837555

>>49837198
The Chinese Ywnbaw will be the new reserve currency

>> No.49837568

>>49837425
>a-a-ad hominem attack
have you considered fucking back off to reddit you fucking faggot

>> No.49837569
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49837569

>>49837425

>"CCP is not untrustworthy! that's jsut ur opinon!"

>> No.49837611

>>49837569
Tranny-backed US dollar is surely something to trust.

>> No.49837650

>>49837611
>this plate of shit is better than that other plate of shit
>TRUST ME BRO
they're both plates of shit you slant eyed troon

>> No.49837663

Oh cool more useless paper monopoly money.

>> No.49837678
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49837678

>>49837198
maybe not exclusively the yuan but something is definitely happening. more and more people are seriously investigating such a possibility

>> No.49837696

>>49837678
These other brainlets in the thread have no idea what's coming, shit's gonna be cash

>> No.49837698

>>49837425
how about you watch this

https://www.youtube.com/watch?v=oFuWsxSmDuw

to understand why RMB had a higher share as a central bank reserve currency in 2015 than today

>> No.49837727

>>49837698
I'll give it a watch thanks

>> No.49837965
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49837965

>>49837198
this is now a CCP hate thread

>> No.49837984

I am prepared for the chinese economy to get fucked in the next recession so we stop having these gay threads.

The Yuan is like 10 times as inflationary as the worst of the USD, the entire point is that they inflate it to keep their exports cheat. It literally can't be a reserve currency.

>> No.49838007

>>49837198
fucking laughable. Not even the chinese want here currency, the moment they let loose capital controls trillions in capital flight roll out. Even the chinese elite hold their money, in USD, outside of china. OP is a faggot, as per usual