The rise of Yuan & USD becoming on the verge of becoming a Shitcoin.

[elevates]

I am sure the USA never expected such a statement from the French President after meeting the Chinese premier. What he said, I am quoting it with the link - "Europe must resist pressure to become ‘America’s followers,’ says Macron". The question that comes to my mind is Which European country next will come up with a similar statement? Since France is the head of the European Union.

The situation is going from bad to worst for the US after Joe Biden became the President. Every ally of the US is now on the verge of leaving them which eventually means de-dollarization is on the way.

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[Die_empty]

I am sure the USA never expected such a statement from the French President after meeting the Chinese premier. What he said, I am quoting it with the link - "Europe must resist pressure to become ‘America’s followers,’ says Macron". The question that comes to my mind is Which European country next will come up with a similar statement? Since France is the head of the European Union.

The situation is going from bad to worst for the US after Joe Biden became the President. Every ally of the US is now on the verge of leaving them which eventually means de-dollarization is on the way.

The French President must understand that it is the alliance between US and NATO that can give Russia and China the needed competition. He should not also forget that most European nations rely solely on the military hardware of the United States. Macron was just brainwashed by the Chinese and he began to express himself based on what he had learned from Xi.

China is doing everything possible to cause disaffection in NATO so that they can freely invade Taiwan and it seems Emmanuel will be the traitor. Taiwanese want to be independent and they don't want to be under the government in mainland China because they have chosen democracy. Beijing wants to force them to adopt authoritarian principles. If the US and NATO fail to interfere,  Russia and China will invade nations at will. I am sure when Macron settles down in Paris for a few days, he will be able to understand the implications of his statement and I am sure he will soon contradict himself.

[Hispo]

I am sure the USA never expected such a statement from the French President after meeting the Chinese premier. What he said, I am quoting it with the link - "Europe must resist pressure to become ‘America’s followers,’ says Macron". The question that comes to my mind is Which European country next will come up with a similar statement? Since France is the head of the European Union.

The situation is going from bad to worst for the US after Joe Biden became the President. Every ally of the US is now on the verge of leaving them which eventually means de-dollarization is on the way.

I mean, I was aware that the American-European relations were always complex and not always seemed to be fair for the European people, but I cannot help to notice the timing of Macron's statements, while the French people has been partaking in days after days of protest against Macron and this economic agenda.

The protests have been so serious that it would not surprise me if this was the end of the political career of this man, so why bother to say those polarizing things while in China? Does he feel disappointed with the treatment of the USA towards France?

[jvanname]

The USD already is a shitcoin. Think about it. The USD has racist images of slave owners on the 1,2,20 dollar bills. Those slave owners raped their teenage slaves. This is why everyone who goes to the grocery store should always ask if they can use an alternative non-racist currency. And when they say they do not accept non-racist money, you are required to call the cashier and manager racists, leave a bad review, and then sue the grocery store for violating your civil rights (if you are white, I guess you can donate 70% of all the money you obtained to the NAACP or you can give it directly to African Americans in need). American money is not only a scam, but it is also racist because the racist Americans who use it are racist racists.

You may also send me your racist money to https://github.com/sponsors/jvanname where I will dispose of it properly. By sending me your racist money to dispose of, we can all end racism! If you don't send me your racist money to dispose of, then you are a racist racist.

[Hispo]

The USD already is a shitcoin. Think about it. The USD has racist images of slave owners on the 1,2,20 dollar bills. Those slave owners raped their teenage slaves. This is why everyone who goes to the grocery store should always ask if they can use an alternative non-racist currency. And when they say they do not accept non-racist money, you are required to call the cashier and manager racists, leave a bad review, and then sue the grocery store for violating your civil rights (if you are white, I guess you can donate 70% of all the money you obtained to the NAACP or you can give it directly to African Americans in need). American money is not only a scam, but it is also racist because the racist Americans who use it are racist racists.

You may also send me your racist money to https://github.com/sponsors/jvanname where I will dispose of it properly. By sending me your racist money to dispose of, we can all end racism! If you don't send me your racist money to dispose of, then you are a racist racist.

Actually, what you say does not make much sense, in my opinion.
Firstly, the value and strength of a currency against other around the world has little to nothing to do with whose face is on the paper. There are obviously more important macroeconomics reasons which could make someone not to appreciate one currency in favor or others.

Also, by the time the colonies of the Americas started to fight for independence it was common for people to have slaves and obviously those in power to fight for the freedom of people were white people with resources.  If you applied your logic, we should not use or hold other currencies from around the world with the faces of military people, emperors, kings or queens. Those were not only responsible of the conquering and enslavement of entire countries but also the death of many.

 

[jvanname]

Hispo-So are you saying that there are bad people on foreign currencies as well? That just means that other currencies promote racism, genocide, and general malevolence as well. We should therefore avoid those currencies too. The US dollar is also a shitcoin for many other reasons. Since the US dollar is such a shitcoin, I will label everyone who likes using the US dollar and who wants me to use it A RACIST. I draw the line at a guy who rapes his teenage slaves. That is disgusting. Please send me your racist money at https://github.com/sponsors/jvanname so that I can dispose of it properly.

[Hispo]

Hispo-So are you saying that there are bad people on foreign currencies as well? That just means that other currencies promote racism, genocide, and general malevolence as well. We should therefore avoid those currencies too. The US dollar is also a shitcoin for many other reasons. Since the US dollar is such a shitcoin, I will label everyone who likes using the US dollar and who wants me to use it A RACIST. I draw the line at a guy who rapes his teenage slaves. That is disgusting. Please send me your racist money at https://github.com/sponsors/jvanname so that I can dispose of it properly.

What I am trying to say is that currencies do not promote anything, they are a vehicle to transfer value between parties.  For example, books and political manifestos serve more the purpose you are talking about than banknote does. Banknote is used by people of all kind of political way of thinking in the same country.

Also, you are saying that the USD is a shitcoin and anyone who likes to use it/make you use it would be a racist, but in the same post you are inviting me to donate in the came currency you just called shitcoin and racist ?  

I was expecting to see a Bitcoin address or a Circcash address. I assume it is against the policies of github.

[jvanname]

By having pictures of slave owners who had hundreds of slaves on the 1,2,20 dollar bills, the US dollar is promoting something. The US dollar is saying that it does not care about slavery as much as it should. Having images of slave owners on the 1,2,20 dollar bills does not look very favorably towards those who are skeptical about American money. I do not like how when the Fed prints all that racist money, then do not give any to me. This is because they are more interested in scamming me than anything else. And since they want to scam me, I have nothing but harsh words for the US dollar and all the chlurmcks who use the US dollar.

You should not be asking if the Github sponsors page accepts other currencies unless you are willing to donate. Please learn some manners and decency. Stop using racist money. Sending me your racist money is not a donation. It is a safe way to dispose of your racist money. Think of it more like taking out the trash than actually donating something.

[amishmanish]

If by shitcoin, you refer to the thousands of abandoned crypto projects whose sole purpose was to raise money and then do a slow-rug or outright disappearance, then USD has a long way to go till it achieves that status.

If you mean that whether it is losing its status as the de facto world currency, that also is still doubtful. We are indeed moving towards a multi-polar world with the rise of China and smaller countries starting to group together. Yet, the US Dollar is way too entrenched and there are hardly any alternatives, let alone the Yuan. No country would, or ever should trust China with that kind of dominance.

I think the replacement of US Dollar will take a longer time. The current financial system is undergoing a major stress test. if nothing crashes in the coming few months, we will have stabilized and will go back to the norm. If history is any guide, and we get the long awaited shit-storm, it may very well lead to businesses and other countries finally losing faith in the Fed. What happens aftterward can be the subject of an academic study by itself.