Serious Death of USD? Bretton Woods 3 is coming?

[congo9]

should tell that to usa. now saudi also wanna sell oil in other currencies. usa is being arrogant for too long.

Selling oil in non US currency is just a fact that share of US economy towards the world has been lessened all these years. What you have said is just the US currency as a trading currency or currency for trade.

When you talk about reserve currency, it's another ball game.

 

[hbk75]

Selling oil in non US currency is just a fact that share of US economy towards the world has been lessened all these years. What you have said is just the US currency as a trading currency or currency for trade.

When you talk about reserve currency, it's another ball game.

this thread is talking about bretton woods 3 which is a new global monetary standard. usa thinking of spending and keep exporting their inflation to others days are over.

 

[congo9]

this thread is talking about bretton woods 3 which is a new global monetary standard. usa thinking of spending and keep exporting their inflation to others days are over.

Exactly, it will not happen at all.
This BW3 woods are just plain useless. It is just talking to happen.

 

[tanwahtiu]

End of carrier fleet and back to junkboats diplomacy for JUSA...

 

[hbk75]

Exactly, it will not happen at all.
This BW3 woods are just plain useless. It is just talking to happen.

https://www.zerohedge.com/geopoliti...china-begins-buying-russian-coal-and-oil-yuan

Slowly but surely.

 

[eatshitndie]

talking cock.

 

[syed putra]

https://www.zerohedge.com/geopoliti...china-begins-buying-russian-coal-and-oil-yuan

Slowly but surely.

Buying in yuan is ok for russia as they import lots of stuff from china.

 

[mojito]

What is bretton wood? Morning wood I know.

 

[syed putra]

What is bretton wood? Morning wood I know.

Who knows.

 

[congo9]

Sometimes people talking about all the things they hear about internet without knowing what is exactly happening to the structure of international finance system.

Trade currency and reserve currency are 2 different concept and it should be understood apart.

 

[congo9]

Unless China allow Yuan to be traded freely like US dollar internationally. Without more control and allow to be moved freely without much restrictions, then we can talk about challenging the debt ridden US Dollar.

Problem lies with China and the government. They are hard core control freaks. They like to interfere in whatever means they like it. No one specially the Capital owners find it comfortable at all.

But allowing Yuan to be traded freely, the advantage of Yuan will diminished over night.

 

[tanwahtiu]

Unless China allow Yuan to be traded freely like US dollar internationally. Without more control and allow to be moved freely without much restrictions, then we can talk about challenging the debt ridden US Dollar.

Problem lies with China and the government. They are hard core control freaks. They like to interfere in whatever means they like it. No one specially the Capital owners find it comfortable at all.

But allowing Yuan to be traded freely, the advantage of Yuan will diminished over night.

Nonsense....
Some countries live with plenty of natural disasters visitors come and go all year round... survival comes first... collectivism 共同 is setup...

Whereas the West faked economy to ownself let own currency be heroship worshipping to trade freely.... billions of fake notes floating in black markets.... ask Ahneh the black market king fakers.... fake USD notes backed by debt? Are you sick?

No problems with the Chinese gahmen a collectivism society management for survival and cannot use to compare with the devil Westerners..... problems is with the devil-evil pale skin Westerner they are thieves....

Go fuck yrslf...

 

[eatshitndie]

Unless China allow Yuan to be traded freely like US dollar internationally. Without more control and allow to be moved freely without much restrictions, then we can talk about challenging the debt ridden US Dollar.

Problem lies with China and the government. They are hard core control freaks. They like to interfere in whatever means they like it. No one specially the Capital owners find it comfortable at all.

But allowing Yuan to be traded freely, the advantage of Yuan will diminished over night.

yuan will never be the world’s preferred currency for those reasons, namely the tight control and manipulation that the ccp has over it. even wealthy tiongs with means to hide their gains overseas prefer to convert the yuan to a foreign currency to keep their money safe (and free from the prospect of being curtailed or worse confiscated by their gov). some will rather buy homes in sg with 30% absd than stash their cash in prc. these actions speak volumes about the real global status of the yuan.