/biz/ - Business & Finance

[Anonymous No.52735552]

No matter people think of the value of USD, UP or Down Short/mid term, We Should all agree, in the long term its going down. But thank GOD with already have SDR's (Special Drawing Rights). Wahoo, Yey, Shalom. Being on a global currency based on Triffin's Dilemma from the late sixties. WOW, we're saved, no worries.

So amazing that china is part of the SDR & it has a national & international RMB, I wonder what the SDRs that now include China are based on, is it CNY or CNH? Yea, its the international CNH based out of Hong Kong. The chinks took control of HK & played the brits at their own game. KEK

Come on, How is the US supposed to compete when the eurodollar (international created USD) exist.
>pic 100% related

The chinks have won the fuckin balance sheet war. i.e every debt needs a credit...but People are letting them have a national & international balance sheet. FFS I'd love to know how that works.

The Chinks are going to use SDRs (slowly) as a weapon on the USD, Why not, they have 2 currencies.

This isn't a positive thing in the long run...for any one

Well maybe for our Chink overlords backed by
>Pic related

https://en.wikipedia.org/wiki/Special_drawing_rights
https://en.wikipedia.org/wiki/Triffin_dilemma
CNY and CNH - google that
eurodollar...um google it