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Then why is gold and oil still priced in dollars on Bloomberg terminals? All the countries you mentioned don’t have robust economies. USA tricked the world into taking paper for stuff and thinking the USD is stable. That is why tether is one of the most profitable business per employee on the planet.
I’m not refuting anything you are posting but China misplayed their hand. The demographics are terrible I also read somewhere that Mississippi has a higher GDP than Shanghai. California it self has a higher GDP then most of the nations in the world.
Until people demand the Yuan and not the stuff that China makes then I can start to see the shift but the world just made China it’s sweatshop at the expense of human rights and an organic growth of the Chinese middle class. The CCP took the surpluses and didn’t empower their people on mass. Just the oligarchs and the CCP elite got to feast while the common Chinese citizen got the short end of the stick. Why most still try to come to the USA to have a chance at wealth and storing in something that isn’t stripped away by the CCP.
The world is done feasting on China‘s sweatshop and always breaking the rules. It’s a new day and China needs to come up with something or they will lose.
By your logic, because something is as it is now, i.e. gold and oil priced in $USD, it will be that way in the future.
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