After the digital yuan is launched tonight,
— MikeCristo8 (@MikeCristo8) June 8, 2024
China is likely to link the yuan to China’s gold reserves by trade weight.
This is what will collapse the Western fiat currency system.
Because it signals the internationalization of the gold-backed RMB for oil trade.
Replacing the… https://t.co/3DAMgQscuR
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I’ll believe it when I see it. You cannot tell me that TPTB who reside in Mordor-On-The-Potomac have not gamed this scenario and planned to overcome it. Stay tuned.
That depends entirely on the hobbit’s strategy, doesn’t it?.
The hobbit’s strategy better take into account the feckless, stupid, syphilitic-thinking and self-indulgent American sheeple. They will comply with ANYTHING Sauron and his Orcs tell them to do to keep their bread and circuses coming. Our history is replete with such things, going clear back to 1861.
“Link?” Phooey. If that yuan is redeemable in gold on demand, then it’s an advance. If not, it’s just another fiat currency — and this time, one that has no physical instantiation. I don’t call that progress, but your mileage may vary.
It will still be fiat, just a physically intangible one, which is even greater fiat than paper.
https://www.centralbanking.com/fintech/7961425/saudi-central-bank-joins-mbridge
As for the digital yuan, it is another fiat currency. The question is how it will impact the USD as the world’s reserve currency?
Since the idiot pedophile Marxist slob who craps in his pants on the world stage is no longer pumping crude oil from our wells with all the new restrictions, he placed on them, and he shut down new government land leases our dollar will collapse, it’s all predicted on oil and since the idiot has done what he done our dollar will collapse and inflation will spike to limits unheard of. hold onto to your bottom because the prices are going sky high on all commodities and services and gas will soar thru the roof. What country is going to conduct business and trade taken useless dollars backed by hot air. What kept the dollar strong was the faith of the American people while they played their Ponzi schemes all these years. The American people have lost faith in our system and watch what happens by the end of this year.
Yeah: “If you like your dollars, you can keep your dollars…. we’re just taking their purchasing power.”
If they were taking the actual dollars, it’d be more sustainable, but, like all daylight robbery, a quicker path to violence.