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41 sats \ 1 reply \ @tomlaies 17 Jan \ parent \ on: Policy Proposal for Trump's Bitcoin Stockpile Leaks bitcoin
It means that it's more important for him that the poor countries not use the Yuan than that they use the Dollar. If they use Bitcoin, at least they don't use Chinese currency.
Chinese development Bank provides far more funding for developing nations than the World Bank.
China also dominates commodities markets and the supply of manufactured goods.
All nations are now dependent upon China for their economic well being.
In terms of trade China contributes far more the most nations economies that the US.
China has won the trade war by beating the Wests crony capitalism at its own game.
An rapidly increasing amount of global trade is settled in Yuan but this is not recorded via the Wests institutions like the World Bank and IMF.
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