China is ditching the dollar, fast: Officials believe the yuan has come of age
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Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#2Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#3Oh, the joys of isolationism.
Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#4Illuminating article. And if the yuan bonds information is real, it won't even take 4 years for a lot of global finance to move away from the dollar.
It might be tough for the US to accept the higher cost of global resources (and thus become a poorer country) but maybe this gradual decline in dollars status is what the administration hopes is the best case.
Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#5Illuminating article. And if the yuan bonds information is real, it won't even take 4 years for a lot of global finance to move away from the dollar. It might be tough for the US to accept the higher cost of global resources (and thus become a poorer country) but maybe this gradual decline in dollars status is what the administration hopes is the best case.
Kinda like the UK.
Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#6Illuminating article. And if the yuan bonds information is real, it won't even take 4 years for a lot of global finance to move away from the dollar. It might be tough for the US to accept the higher cost of global resources (and thus become a poorer country) but maybe this gradual decline in dollars status is what the administration hopes is the best case.
Kinda like the UK.
Lots of similarities, almost like you could predict it by reading history
Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#7World reserve currency status follows the leader in manufacturing and trade. Maintaining dollar hegemony was never going to be feasible after de-industrialization, but short-sighted decisions like weaponizing SWIFT have accelerated its decline. As the dollar is gradually shunted out of world trade, the US will be less able to export its inflation abroad. The implications won’t be pretty.
Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#8World reserve currency status follows the leader in manufacturing and trade. Maintaining dollar hegemony was never going to be feasible after de-industrialization, but short-sighted decisions like weaponizing SWIFT have accelerated its decline. As the dollar is gradually shunted out of world trade, the US will be less able to export its inflation abroad. The implications won’t be pretty.
Yes, letting the Ukraine related sanctions chronically fester is a tremendous strategic error.
The benefits of leverage are dramatically maximized and reinforced by using them as little as possible, on the fewest targets as possible, for the shortest intervals possible, to obtain the most decisive results as possible.
Helping an ally interminably not lose on the battlefield (instead of supporting a win), is also a leverage destroying strategic error. There goes significant deterrence.
And to triple down, the US has expanded its sanctions (er, tariffs) to all its enemies (uh, trading partners), giving everyone strong signals that no relief is coming, other than to back away from the US.
Leverage that took a couple centuries to achieve is hemorrhaging.
And we are living in a Kurt Vonnegut novel.
Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#9World reserve currency status follows the leader in manufacturing and trade. Maintaining dollar hegemony was never going to be feasible after de-industrialization, but short-sighted decisions like weaponizing SWIFT have accelerated its decline. As the dollar is gradually shunted out of world trade, the US will be less able to export its inflation abroad. The implications won’t be pretty.
You're so defeatist. The US could turn things around and in fact, is. The problem with China is that you can't trust anything there--their bonds are garbage, their equities, same.
Re: China is ditching the dollar, fast: Officials believe the yuan has come of age
#10Whenever the economist writes a thesis, bet the other way