I hope you enjoy part two of my Adam Tooze video. Check my article on Tooze and questions of American power at jeffrich.substack.com - choose a free or paid subscription
China is not dumping dollars or euros, China is moving dollars out of American banks and euros out of European banks, out of Belgium, to Chinese banks. China will continue to trade in dollars and euros using their banks.
The real value of the Dollar is being reinstated and it is valued against the true GDP of the USA, nothing like countries dumping or ditching, but yes countries are asking for real value against assets for international trade.
I am going to buy yuan for future tour, ride fast train, good food. People buy gold and do not trust democracy good old USA obsolete foreign policy. Unless we have miracle of good leadership in Washington.
I hope you enjoy part two of my Adam Tooze video. Check my article on Tooze and questions of American power at jeffrich.substack.com - choose a free or paid subscription
Just subscribed! I'm a big fan of Adam Tooze and agree with your assessment of his work. Cheers!
thank you
That final thought on a successor to the American 20th century is powerful.
I've been hearing this for years now
Greetings from Hong Kong❤❤❤❤
China is not dumping dollars or euros, China is moving dollars out of American banks and euros out of European banks, out of Belgium, to Chinese banks. China will continue to trade in dollars and euros using their banks.
The real value of the Dollar is being reinstated and it is valued against the true GDP of the USA, nothing like countries dumping or ditching, but yes countries are asking for real value against assets for international trade.
May be the dollar will stay strong. But the Treasury may have problems to borrow unless rate stay high. This makes for a debt trap.
@@joem0088 borrow from whom? The US government is a currency issuer, it doesn’t need to borrow from the private sector.
I am going to buy yuan for future tour, ride fast train, good food. People buy gold and do not trust democracy good old USA obsolete foreign policy. Unless we have miracle of good leadership in Washington.
Kick out old u.s. dollar, and support with yuan new global currency
No, the dollar will get stronger under Trump.
@@desmond7914 He won't have that power. The train has long left the station.
How exactly is Trump going to do that? SAME question re stopping the wars?
@@pausereflect5911 He will impose 100% tariff... :D
@@insomniacresurrected1000 tariffs and sanctions hurt citizens.
@@amandapeluso4217 No shit.