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That’s hyperbole. The USD has been losing its power as a reserve currency, continuously, for the past several decades. See: Yuan. Modern finance still exists.
by dannyw 6y ago
That’s hyperbole. The USD has been losing its power as a reserve currency, continuously, for the past several decades. See: Yuan.
Modern finance still exists.
- chii 6y agotell me who wants to hold yuan as a currency (not just a little bit for liquidity of trading), instead of holding USD.
- sudosysgen 6y agoThe hundreds of millions sanctioned by the US are a good start.
- lebuffon 6y agoNot so much now perhaps but a digital Yuan exists. Where that is headed is not clear but it has the possibility of disrupting the current order.