3 ms·
> The whole dedollarization narrative is like some weird propaganda pushed by china. The beauty of the US dollar is it's always worth a US dollar... It's stren
by 908B64B197 3y ago
> The whole dedollarization narrative is like some weird propaganda pushed by china.
The beauty of the US dollar is it's always worth a US dollar... It's strength is a measure of much foreigners trust the US economy and it's political and judicial system. What drives the demand for the dollar is the will of people to invest money in American securities and on the American capital market. I don't see it ending anytime soon.
Chinese investors invest on the Chinese market in Yuans. Rich Chinese investors invest on the US market with US dollars.