Cacs will pretend not to see what everyone else is seen as usual
For sure, this new currency you’ve heard about it correct?
What would potentially happen when they release their currency that’s backed by gold and abstaining from the dollar?
Yeah that digital s***?
I mean the economic impact of that is probably just gonna be that its easier to import chinese goods now. Basically by making the yuan more like bitcoin, China doesn’t have to involve itself in the forex market. They will probably increase subsidies on exporting producers, and not needing to convert currencies should (in theory) increase demand for chinese exports.
Personally, I think its not gonna have that much impact. A large part of why bitcoin works is bc people trust it to be private. China doesnt have that aspect. I think they are overestimating the amount of people and companies that will accept this new currency.
Why are black people attacking Jews tho
They’re ex military members and both had mental issues. The most recent one was well documented to have mental issues. Idk why they’re attacking them though tbh.
The un did have a job posting for ex military members during the most recent one though. Honestly, unsure.
Yeah that digital s***?
I mean the economic impact of that is probably just gonna be that its easier to import chinese goods now. Basically by making the yuan more like bitcoin, China doesn’t have to involve itself in the forex market. They will probably increase subsidies on exporting producers, and not needing to convert currencies should (in theory) increase demand for chinese exports.
Personally, I think its not gonna have that much impact. A large part of why bitcoin works is bc people trust it to be private. China doesnt have that aspect. I think they are overestimating the amount of people and companies that will accept this new currency.
Makes tons of sense now. Thanks. Yup, treat it as any other digital currency.
2 factors had me thinking, first our debt towards China is v massive and having them change their currency had me think it’d be deleterious for us.
2nd. Having it backed by gold where ours isn’t would also be a major blow.
If that happens, America would easily become a 3rd world country. China is gearing up to release their new currency and that could potentially crash the dollar
Read Killa K posts on this page
was literally reading it as i got this notification
If that happens, America would easily become a 3rd world country. China is gearing up to release their new currency and that could potentially crash the dollar
The world is too reliant on the US dollar for it to ever crash
Stop just sayin stuff fam
And take an Econ class
The world is too reliant on the US dollar for it to ever crash
Stop just sayin stuff fam
And take an Econ class
bruh IJS! Every article I read on what it takes to potentially crash the dollar, China! (Trump voice) is top of the list. lol I’m learning every day shoutout to Killa K