kryptqnick
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May 03, 2025, 03:04:06 PM |
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Unfortunately, like many others, I can't access the website to see what's there. Some kind of tracking would be useful, but I gotta say I wouldn't fully trust AI for that, as it can make things up to please the customer (depends on a particular AI, but still). As for trade wars being stupid, I have a different perspective. Yes, they aren't nice, and they hurt people economically. But a trade war is much better than nuclear arms race of the Cold War, or active large-scale wars with bombs, artillery and many daily deaths, like the one my country is currently experiencing. I think if the world moved away from real wars and from raising military potential to cultural and economic wars, that would be progress for humanity.
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tygeade
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May 03, 2025, 05:09:34 PM |
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My friend, let me be honest with you, many websites and even social media channels might find a way to make money through the trade war. But the truth is, there is no winner in a trade war, and it's so mutually and bitterly damaging to the countries involved. Not with the two economic world powers (US and China), even if they eventually scored 53% against 47% respectively, what difference does the 3% make? Wish more people knew this. Both sides lose, maybe there is a chance one side loses more than the other, but there is nobody that is winning. Wish that people who vote for Trump would know that he is not putting tariff to make sure Americans are richer, he is making it to get Americans poorer but Chinese poorer than that. So he knows Americans will get poorer, but he also knows (or hopes) that Chinese will do even worse, that is his only intention. If you keep doing that then you are going to end up with more and that should be the most important part. I am sure it will be very tough but you could get a greater profit from it. I believe we are going to make more money but at the end tariffs will need to go back to normal before we can do what we want to do here.
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Wind_FURY (OP)
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May 04, 2025, 10:25:37 AM |
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That's true, but that would still hurt China, wouldn't it. Which probably is the goal and the make the agree to new proposed trade deals.
Of course it will. In any type of war (this is economic/cold), both sides of the conflict are going to be hurt and become weaker in the aftermath. This is why focusing on objectives and which side reaches it is more important than focusing on the damage. That's actually why there was a blanket of tariffs on ALL those nation-states, including the United States' allies?
Most probably. The "proxy export" method China uses hasn't exactly been a secret  Plus remember, one common "feature" between all nation-states' currencies that have international trading relationships with the United States is their reliance on the U.S. market for the strength of their own currencies, which then makes them vulnerable to the pressure from the U.S. I believe that, for example, if Asian countries don't get into new trade deals with the U.S., they're probably setting their region for another Asian Financial Crisis. China can't save them.
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pooya87
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May 04, 2025, 12:20:16 PM |
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Plus remember, one common "feature" between all nation-states' currencies that have international trading relationships with the United States is their reliance on the U.S. market for the strength of their own currencies, which then makes them vulnerable to the pressure from the U.S.
Well, the real strength of a fiat currency comes from the economy of that country in addition to their resources, political stability, and basically what "backs" their fiat. USD was strong because it was backed by oil (Petrodollar, a scam US regime ran for years). CNY is strong because of the massive size of the production based economy of China. and so on. Not to mention that these days many countries are moving toward accumulating gold and back their fiat with gold (which is one of the reasons why gold has been soaring over the past couple of years).
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Wind_FURY (OP)
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May 10, 2025, 08:50:02 AM |
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Plus remember, one common "feature" between all nation-states' currencies that have international trading relationships with the United States is their reliance on the U.S. market for the strength of their own currencies, which then makes them vulnerable to the pressure from the U.S.
Well, the real strength of a fiat currency comes from the economy of that country in addition to their resources, political stability, and basically what "backs" their fiat. USD was strong because it was backed by oil (Petrodollar, a scam US regime ran for years). For the CNY, not entirely, because there's such a thing as international trade, no?  CNY is strong because of the massive size of the production based economy of China. and so on.
"Strong" but it will never be as strong as the U.S. Dollar. Why? Because China, to be a leading exporter of cheap goods, actually needs to do some sort of financial engineering and currency manipulation to lower the value of their currency against the U.S. Dollar. If they don't, then they give up their current advantages in international trade. That's definitely one reason WHY the Yuan will NEVER be an actual reserve currency.
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Findingnemo
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May 10, 2025, 01:50:54 PM |
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I saw a video clip that says Trump is thinking about lowering the tariff against China after speaking with the China officials and also he said he is not planning on continuing this tariff war against China and Xi is a smart person who may accept the deal.
Also some articles mentioned US lowered the tariff to 80% after the meeting, not sure how credible this is because there are lots of AI generated videos are spreading across the social media handles even on the News channels so anyone can confirm whether the news is real?
And if yes, then what is tell us, Is US can't afford to have a trade war against China?
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Olatundespo
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May 10, 2025, 05:58:01 PM Merited by fillippone (1) |
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Plus remember, one common "feature" between all nation-states' currencies that have international trading relationships with the United States is their reliance on the U.S. market for the strength of their own currencies, which then makes them vulnerable to the pressure from the U.S.
Well, the real strength of a fiat currency comes from the economy of that country in addition to their resources, political stability, and basically what "backs" their fiat. USD was strong because it was backed by oil (Petrodollar, a scam US regime ran for years). CNY is strong because of the massive size of the production based economy of China. and so on. Not to mention that these days many countries are moving toward accumulating gold and back their fiat with gold (which is one of the reasons why gold has been soaring over the past couple of years). The idea of holding gold reserves has been around since ancient times and has continued to exist in modern times. Most countries have gold in their Federal Reserves and it is a stable and valuable asset. In 1974 the United States signed an agreement with Saudi Arabia to buy oil in exchange for dollars. This agreement was a scam part of the US exploitation and the US Federal Reserve has strengthened their economy by printing paper dollars. They are selling weapons in exchange for oil and they are the ones who are deceiving the world through dollars and maintaining imperialist policies. The opponents of the petrodollar agreement have suffered the consequences of Kuwait, Iraq and Libya. The economies of these countries were rich in oil but they had to suffer the consequences of taking a stand against the dollar. Now only Iran remains. Every oil-rich country has sold their valuable assets to the imperialist countries and is adhering to the petrodollar agreement but the only exception is Iran. I find it surprising that only Iran has taken a stand against the unilateral decision of the United States resulting in various sanctions on them. Preventing them from acquiring nuclear weapons.
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JoyMarsha
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May 10, 2025, 06:50:42 PM |
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My friend, let me be honest with you, many websites and even social media channels might find a way to make money through the trade war. But the truth is, there is no winner in a trade war, and it's so mutually and bitterly damaging to the countries involved. Not with the two economic world powers (US and China), even if they eventually scored 53% against 47% respectively, what difference does the 3% make? Wish more people knew this. Both sides lose, maybe there is a chance one side loses more than the other, but there is nobody that is winning. Wish that people who vote for Trump would know that he is not putting tariff to make sure Americans are richer, he is making it to get Americans poorer but Chinese poorer than that. So he knows Americans will get poorer, but he also knows (or hopes) that Chinese will do even worse, that is his only intention. If you keep doing that then you are going to end up with more and that should be the most important part. I am sure it will be very tough but you could get a greater profit from it. I believe we are going to make more money but at the end tariffs will need to go back to normal before we can do what we want to do here. Recently, Trump has proposed 80% tariff on China from the 145% they have on them before. Link: https://www.google.com/amp/s/www.bbc.com/news/articles/c4gkvp6438ko.ampIn this trade war, I agree with you that the US and Chinese are losing in it. China has 125% increase on US goods, while US is 145%. Let's just believe that this trade talks that both countries will have, will yield to positive outcome that will ease the tension.
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Wind_FURY (OP)
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May 11, 2025, 10:52:34 AM |
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Plus remember, one common "feature" between all nation-states' currencies that have international trading relationships with the United States is their reliance on the U.S. market for the strength of their own currencies, which then makes them vulnerable to the pressure from the U.S.
Well, the real strength of a fiat currency comes from the economy of that country in addition to their resources, political stability, and basically what "backs" their fiat. USD was strong because it was backed by oil (Petrodollar, a scam US regime ran for years). CNY is strong because of the massive size of the production based economy of China. and so on. Not to mention that these days many countries are moving toward accumulating gold and back their fiat with gold (which is one of the reasons why gold has been soaring over the past couple of years). The idea of holding gold reserves has been around since ancient times and has continued to exist in modern times. Most countries have gold in their Federal Reserves and it is a stable and valuable asset. In 1974 the United States signed an agreement with Saudi Arabia to buy oil in exchange for dollars. This agreement was a scam part of the US exploitation and the US Federal Reserve has strengthened their economy by printing paper dollars. They are selling weapons in exchange for oil and they are the ones who are deceiving the world through dollars and maintaining imperialist policies. The opponents of the petrodollar agreement have suffered the consequences of Kuwait, Iraq and Libya. The economies of these countries were rich in oil but they had to suffer the consequences of taking a stand against the dollar. Now only Iran remains. Every oil-rich country has sold their valuable assets to the imperialist countries and is adhering to the petrodollar agreement but the only exception is Iran. I find it surprising that only Iran has taken a stand against the unilateral decision of the United States resulting in various sanctions on them. Preventing them from acquiring nuclear weapons. All that DOESN'T change the FACT that the United States Freedom Dollars are still in demand as a reserve currency for their own vaults to make their economies stronger. Although, the export-driven countries like China manipulate their own currencies to have lower value than the Dollar in order for their exports to be cheaper and therefore more attractive for international trade. The Tariffs were imposed to level the playing-field, although Trump also uses it as a "negotiation tool".
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franky1
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May 11, 2025, 11:25:17 AM Last edit: May 11, 2025, 11:36:52 AM by franky1 |
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All that DOESN'T change the FACT that the United States Freedom Dollars are still in demand as a reserve currency
not really a demand, its more of the players ensuring the world markets popularise an implied importance of dollar by simply measuring things against it as default one stupid practical example of this is how we all fell into the trap of measuring bitcoin against the dollar as default.. how or why we too fell into the dollar trap is for another discussion Although, the export-driven countries like China manipulate their own currencies to have lower value than the Dollar in order for their exports to be cheaper and therefore more attractive for international trade.
not just china, but the US too, they want cheap goods so they too want the yuan to be cheaper this is done by simple trick: if the US sold dollars to buy yuan to hand china yuan when buying goods. the value of dollars would go down and the value of yuan would go up however when US does trade deals they condition that the payment is on dollars. meaning its then china that need to sell the dollars to get yuan all because the US dont want to have nor hold yuan so less yuan demand, so not willing to hand over a dollar unless they get better yuan deal yet the opposite: china do want yuan but dont want dollars so china is willing to spend more dollars to get yuan EG US: $1: ¥6.33 unacceptable to US $1: ¥7.25 acceptable to US china: $0.85: ¥7.25 acceptable to china($1: ¥8.5) $1: ¥6.33 unacceptable to china $1:¥7.25 semi acceptable to china rate at moment is ¥7.25, so rate is in preference of the US conditions of trade deals
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Orange89
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May 12, 2025, 07:04:39 AM |
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I saw a video clip that says Trump is thinking about lowering the tariff against China after speaking with the China officials and also he said he is not planning on continuing this tariff war against China and Xi is a smart person who may accept the deal.
Also some articles mentioned US lowered the tariff to 80% after the meeting, not sure how credible this is because there are lots of AI generated videos are spreading across the social media handles even on the News channels so anyone can confirm whether the news is real?
And if yes, then what is tell us, Is US can't afford to have a trade war against China?
I THINK THE DOWNFALL OF USA HAD STARTED believe me The currently Ongoing US-China tariff war I think it's Really a complex one but We can see it clearly that both sides are feeling the real impact of it. While I think the US is aim to level with the playing field & protect their domestic industries their the dependency on the dollar as a global currency They both are really massive economy so the effect is not in these two countries but I think it will impact everyone like impacting smaller country and their citizens,I think that Trade wars should be avoided as they often lead to both way suffering. I remembered the quote Diplomacy and cooperation are essential for finding resolution that benefits everyone
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yudi09
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May 12, 2025, 12:01:38 PM |
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I don't think it's necessary to make a special topic because this has to do with the update on the China deal. Yesterday, May 11, 2025, an announcement was made regarding the trade deal with China in Geneva as I found out via @WhiteHouse. One more thing, still about USA and China. I got information about the percentage of tariffs between the two. US tariff on China 145% - 30%. Conversely, China on America 125% - 10%.  
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Wind_FURY (OP)
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May 12, 2025, 01:39:01 PM |
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All that DOESN'T change the FACT that the United States Freedom Dollars are still in demand as a reserve currency
not really a demand, its more of the players ensuring the world markets popularise an implied importance of dollar by simply measuring things against it as default one stupid practical example of this is how we all fell into the trap of measuring bitcoin against the dollar as default.. how or why we too fell into the dollar trap is for another discussion I understand your viewpoint, but what do we actually compare Bitcoin's value with if it's not the U.S. Dollar? Although, the export-driven countries like China manipulate their own currencies to have lower value than the Dollar in order for their exports to be cheaper and therefore more attractive for international trade.
not just china, but the US too, they want cheap goods so they too want the yuan to be cheaper this is done by simple trick: if the US sold dollars to buy yuan to hand china yuan when buying goods. the value of dollars would go down and the value of yuan would go up however when US does trade deals they condition that the payment is on dollars. meaning its then china that need to sell the dollars to get yuan all because the US dont want to have nor hold yuan so less yuan demand, so not willing to hand over a dollar unless they get better yuan deal yet the opposite: china do want yuan but dont want dollars so china is willing to spend more dollars to get yuan EG US: $1: ¥6.33 unacceptable to US $1: ¥7.25 acceptable to US china: $0.85: ¥7.25 acceptable to china($1: ¥8.5) $1: ¥6.33 unacceptable to china $1:¥7.25 semi acceptable to china rate at moment is ¥7.25, so rate is in preference of the US conditions of trade deals But the fact of the matter is, if the U.S. wants their manufacturing base back and be an export-driven country again in some industries, then they probably will need to lower the value of the Dollar, which would also force China to lower the value of their currency lower? ¯\_(ツ)_/¯
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franky1
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May 12, 2025, 04:48:40 PM |
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All that DOESN'T change the FACT that the United States Freedom Dollars are still in demand as a reserve currency
not really a demand, its more of the players ensuring the world markets popularise an implied importance of dollar by simply measuring things against it as default one stupid practical example of this is how we all fell into the trap of measuring bitcoin against the dollar as default.. how or why we too fell into the dollar trap is for another discussion I understand your viewpoint, but what do we actually compare Bitcoin's value with if it's not the U.S. Dollar? you want a extreme, disruptor, innovator view.. how about bitcoin measured in minimum wage units(hours) then watch how people arbitrage the forex markets to get the cheapest fiat currency on planet (sudan SDG 425($0.71) a month= SDG 2.65(half a cent) per hour) whereby if bitcoin was say 14k minimum wage units it would cost an american at $7.25/hour ~$100k but it would cost a sudanese at $0.0044/hour the equivelent of $61.60 whereby americans would then arbrigrate forex to get SDG to buy bitcoin cheap which would cause fiat forex exchange rates to change drastically with the fiat flow through forex exchanges But the fact of the matter is, if the U.S. wants their manufacturing base back and be an export-driven country again in some industries, then they probably will need to lower the value of the Dollar, which would also force China to lower the value of their currency lower?
¯\_(ツ)_/¯
you dont need to mess with forex rates.. other countries even before trumps administrations have put tariffs on their side. so reducing their tariffs makes things cheaper for foreign countries to buy US stuff.. which is the whole point of these trade deals drama this year. to get them to lower their side to less than pre trump, and less than pre biden and less than pre obama era amounts by US decoupling from china as the 'worlds factory' and using vietnam and others instead for parts they can get parts even cheaper china min wage is ~$371.69 a month vietnam min wage is ~$132.84 so as you can see parts can be double cheaper by avoiding china as for "U.S. wants their manufacturing base back" no matter how you manipulate the forex for international costs.. domestically doing "100% made in USA" would increase retail costs domestically. (emphasis no matter how much you manipulate forex, it would cost a US citizen buying a US 100% made product more) seems that businesses in america and trump* still want to get foreign parts to keep costs down and only perform the final phase assembly in america to evade some tariffs and then have other countries lower their tariffs to pre-obama/bush era amounts to make it cheaper for foreigners to buy US assembled goods so that everyone, domestic and foreign can enjoy cheaper products made using vietnam parts and assembled in the US without currency manipulation. .. *if trump truly wanted businesses to do "100% made in america" then he would not need to be doing these trade deals and tariff stuff, he would simply shut the border ports and stop materials entering the US and push businesses to obtain materials within the US.. so we all know his goal was never to be the "100% made in america" tyrant, he always knew businesses will want to get foreign parts to keep costs down the world has for decades already had FTZ/freeport customs rules whereby as long as final assembly is done in the country it will be sold domestically to, where the final product does not look nor perform like the individual part. then the individual part is not hit by a tariff domestically, as the individual part is not classed as retail product sold to end customer, but a wholesale part for industry EG an EV driveshaft looks and performs on its own completely different to an entire complete and assembled EV car
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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pooya87
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May 13, 2025, 06:41:41 AM |
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"Strong" but it will never be as strong as the U.S. Dollar. Why? Because China, to be a leading exporter of cheap goods, actually needs to do some sort of financial engineering and currency manipulation to lower the value of their currency against the U.S. Dollar. If they don't, then they give up their current advantages in international trade.
That's definitely one reason WHY the Yuan will NEVER be an actual reserve currency.
There is a flaw in your logic here. You say Dollar is strong but it was never strong. It was never stable either. Just look at the purchasing power of the dollar over the years. Even over the past 3 years it is dumping harder and things are getting worse. With the US economy becoming weaker and less stable, accompanied by the weakening political establishment, dollar is becoming even weaker; that's even before the world dumping it! Dollar might have been strong once, back when factories ran and the government wasn't printing a trillion dollar every 100 days with almost $37 trillion national debt and when dollar was actually backed by gold and had a fixed exchange rate. None of that is true today. Today dollar is used by other countries only out of fear. A fear that is no longer working as before. For example more than 20 years ago Iraq talked about dumping the dollar, their country was bombed and US regime murdered over a million civilians there! Today that fear is no longer as strong since US is not as strong. Which is why dedollarization has been a serious move over the past years. Will CNY become reserve currency? It already is. It is moving slowly though because I believe China wants to push US out slowly not rapidly because they believe if they do it quickly, US regime will go nutz and start a nuclear war to stay in power. But a slow push out of the markets, will be like the frog that is boiled to death... Your speculation is correct though. If CNY turns into reserve currency and they could no longer manipulate their exchange rate they'll lose that advantage over the world. Basically they can turn into US 2.0 and their empire falls just like the US empire is falling today! Remember that US was once a producing country with lots of factories and a middle class that live a good life before USD became reserve currency and they turned all that into a debt based economy! Every oil-rich country has sold their valuable assets to the imperialist countries and is adhering to the petrodollar agreement but the only exception is Iran. I find it surprising that only Iran has taken a stand against the unilateral decision of the United States resulting in various sanctions on them. Preventing them from acquiring nuclear weapons.
The majority of sanctions on Iran are because Iran supports those who are oppressed by the imperialist powers, like people of Palestine that are being ethnically cleansed as we speak in the concentration camp called Gaza. In other words majority of US regime's aggression toward Iran is because of Zionist regime calling itself Israel and the fact that Iran is fighting this genocidal regime. Otherwise dedollarization is not that easy, even Iran is being scammed by the Petrodollar scheme since the Iranians haven't been able to entirely abandon the dollar yet, which is actually part of the reason for the inflation in the country. But you are correct, Iran has been the only country that took firm stance against US regime's aggression starting in 1970's and after the revolution in 1979, it turned into a strong movement that spread across the globe and today more people from other countries have joined in. P.S. I should add that Iran doesn't want nukes otherwise nobody is capable of preventing Iran from acquiring anything. The science and the know-how already exists but weapons of mass destruction are against Iranian's ideology and is not part of Iran's military doctrine.
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Wind_FURY (OP)
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May 13, 2025, 07:47:36 AM |
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"Strong" but it will never be as strong as the U.S. Dollar. Why? Because China, to be a leading exporter of cheap goods, actually needs to do some sort of financial engineering and currency manipulation to lower the value of their currency against the U.S. Dollar. If they don't, then they give up their current advantages in international trade.
That's definitely one reason WHY the Yuan will NEVER be an actual reserve currency.
There is a flaw in your logic here. You say Dollar is strong but it was never strong. It was never stable either. Just look at the purchasing power of the dollar over the years. Even over the past 3 years it is dumping harder and things are getting worse. With the US economy becoming weaker and less stable, accompanied by the weakening political establishment, dollar is becoming even weaker; that's even before the world dumping it! That's all fiat currencies in general.  Plus when I posted "strong" - strong in international trade and relative to other fiat currencies. The United States Freedom Dollars is simply King in liquidity, investability and saveability. Dollar might have been strong once, back when factories ran and the government wasn't printing a trillion dollar every 100 days with almost $37 trillion national debt and when dollar was actually backed by gold and had a fixed exchange rate. None of that is true today.
Today dollar is used by other countries only out of fear. A fear that is no longer working as before. For example more than 20 years ago Iraq talked about dumping the dollar, their country was bombed and US regime murdered over a million civilians there! Today that fear is no longer as strong since US is not as strong. Which is why dedollarization has been a serious move over the past years.
It currently is strong although weaker, and in fact, the U.S. government through the U.S. Dollar SUBSIDIZED many nation-states that's why it has a massive debt. Will CNY become reserve currency?
It already is. It is moving slowly though because I believe China wants to push US out slowly not rapidly because they believe if they do it quickly, US regime will go nutz and start a nuclear war to stay in power. But a slow push out of the markets, will be like the frog that is boiled to death...
Your speculation is correct though. If CNY turns into reserve currency and they could no longer manipulate their exchange rate they'll lose that advantage over the world. Basically they can turn into US 2.0 and their empire falls just like the US empire is falling today! Remember that US was once a producing country with lots of factories and a middle class that live a good life before USD became reserve currency and they turned all that into a debt based economy!
Laughable. It's simply not. But you can believe in whatever you want to believe. 👍
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STT
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May 13, 2025, 11:37:53 PM Last edit: May 13, 2025, 11:48:08 PM by STT |
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CNY is a communist currency so the chances of it flying as a global reserve currency agreed by a dozen central banks is about as likely as an anvil sprouting wings with a pig on its back. If CNY is directed as on demand in exchange for gold, if somehow this is the plan of China for the last quarter century and they have been accumulating gold then maybe but I really doubt this as possible anyway. China started with zero gold, after all this time its been just a moment just 1 generation and the country might be ancient and historic in many ways; its government is still finding its legs and subject to much doubt.
China doesnt have the gold to make such a thing possible and its very hard to trade in solid gold currency link like that anyway, they wont do this imo. The other alternative to justify CNY as #1 is you think China is about to start a world war and then win it. Its not happening, I would prefer just plain gold to a paper note linked as China might do and the other route of just plain FIAT I dont believe in; it could only come out of some scenario like ww2.
There is a last possibility which is China overcomes their gigantic failures and demographic decline, a falling working population replaced by their elite command of AI perhaps across all sectors of that production. If they did that, surprised the world and became massively in demand for such quality and unique advancement with AI development not being hype but genuine efficiency then sure perhaps maybe anything is possible. Too many maybes at present and most doubt China in its fidelity.
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pooya87
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May 14, 2025, 04:31:43 AM |
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Laughable. It's simply not. But you can believe in whatever you want to believe.
Hmmm. I don't know why you think it isn't considering how more and more countries are using it every day, specially after the introduction of Petroyuan with the Arab dictators, Chinese currency took another big step towards replacing the dollar. Although it still has a long way to go but you can't claim it isn't being used at large scale globally...
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Wind_FURY (OP)
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May 14, 2025, 07:43:01 AM |
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Laughable. It's simply not. But you can believe in whatever you want to believe.
Hmmm. I don't know why you think it isn't considering how more and more countries are using it every day, specially after the introduction of Petroyuan with the Arab dictators, Chinese currency took another big step towards replacing the dollar. Although it still has a long way to go but you can't claim it isn't being used at large scale globally... There's a very big difference between "countries using it more and more everyday" and actually being the ACTUAL reserve currency of the world - the United States Freedom Dollars. Pardon me, I don't mean to offend anyone, but it's simply the truth. Every nation-state when the market conditions apply will hold their reserves in the U.S. Dollar, NOT the Yuan. ¯\_(ツ)_/¯
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The Hidebehinder
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May 14, 2025, 11:26:07 AM |
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Without getting into the political game you guys seems to play out more form ego than anything else, thing is everything is based in $.
I'm from EU, I buy a shitload of stuff from Alibaba (not express) so bulk items, I pay in Euros from my bank, the sellers think in renminbi, yet the deals are always made in $, I am joyfull now as the euros has gone up 10% compared to the $, I am sad cause they also raised price by the same devaluation, somewhere in between 5-10%, why the fuck should I care about their currency? I hear cheers that BTC will hit another ATH in like 3k usd, nobody looks at us Europeans who are still over 10k euros from that, everything wherever you go is still priced in $.
End of the petrodollar, great, like I care what Trump and those that voted for him drive the country to! Saudi rial, pegged to the usd, Qatari rial, pegged to the usd, Oman rial pegged to the usd, UAE dirham , pegged to the usd. All oil all gas all LNG will still be in usd after this.
So what's the point of switching to those currencies when their value is still dictated by the usd? FML, you check Brent oil, oil from Europe to Europe, traded in London and it's in fucking $.
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