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That is because USD is reserve currency. In coming 2 decades you will see RMB and Ruble dominates. Already in many parts of Asia RMB is used like USD way more t
by oneTbrain23 3y ago
That is because USD is reserve currency. In coming 2 decades you will see RMB and Ruble dominates. Already in many parts of Asia RMB is used like USD way more than USD like 5 ywars ago. Once BRICs and digital yuan kicks into high gear in 3 years, tsunami of recessions and inflations hitting USA shores like crazy. Many of my friends there now shifted out of USD and park their money in regional currencies like Yuan, Yen, SG, and even Ruble. Some opt heavily in gold and park it in Singapore.
- marak830 3y agoThe ruble? Really? There is a chance the RMB will become a more highly trade and used more as a 'basw' currency, but there is absolutely zero chance the ruble will. BRIC's is one of the weakest coalitions recently formed - SA just stated today they won't let EU president in, it's an absolute paper tiger. To out in perspective, I'd love to see EU bring in a strong coalition to offset the US dominance because competition is always good.