SWIFT is a Europe domiciled company, so it's under EU jurisdiction.
Trump admin legacy: Poisoning future US China relationship
- Thread starter nastya1
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That's crapload of bulls***t.
Well, it must be done.
China also must rid itself of US dollar assets and further open up and deregulate.
These steps are necessary for maintaining growth if China wanna double GDP in another 10 years.
We are witnessing interesting times.
Yes, dollar denomination assets are becoming toxic very quickly. Too much infinite QE too quickly combined with political instability is gonna lead to interesting results.
Quite honestly though, if the US dollar hegemony ends, whether the US bans tiktok or DJI or Huawei will be moot. Because we don't want to sell our things to them for worthless paper. The only reason we do it now is because the USD retains value, but that could quickly change.
I don't mind this shit. Sooner or later, chinese STEM and other graduates will fear for their lives (it they don't already) and start jetting back to China or anywhere that's NOT AMERICA. This is an absolute win for China. Besides the best retaliation from china would be the chinese consumer "hearing" this happening. Apple's/Nike/Starbuck sales will "mysteriously" start to decline in China.
1.1T in Treasuries
$3.1T in reserves
Here's the real loss incurred by China.
China lost 7% of its USD assets in the last couple months just for holding it.
That's over $300 billion cash.
China will never see that $300 billion again as the Dollar will only fall further @BMEWS @free_6ix9ine
$3.1T in reserves
Here's the real loss incurred by China.
China lost 7% of its USD assets in the last couple months just for holding it.
That's over $300 billion cash.
China will never see that $300 billion again as the Dollar will only fall further @BMEWS @free_6ix9ine
We got scammed. We depreciated our currency for the sole purpose of sending our resources overseas to the US in return for some worthless paper. China needs to do something quick and find a way of unloading these US assets into a better holder of value before this depreciation continues.
At the rate the US is printing and buying up Chinese national companies with its hoax monies, China better start decoupling for its OWN sakes!
@free_6ix9ine @BMEWS
China can cut losses here and now and stop the bleeding.
Every 0.1 drop in dollar index is $4 billion lost. The sweat and blood of a billion Chinese. I often think of my relatives who work in the labor sector and realize just how much they suffered to feed the fat American.
China can cut losses here and now and stop the bleeding.
Every 0.1 drop in dollar index is $4 billion lost. The sweat and blood of a billion Chinese. I often think of my relatives who work in the labor sector and realize just how much they suffered to feed the fat American.
Hi localizer,
From your comment , Is this the right time for Internalization of YUAN ? especially the digital YUAN currency? I think all this action by the US is to prevent its usage?
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