Post
Topic
Board Economics
Re: Yuan to Be the World’s 5th Reserve Currency?
by
Robert Paulson
on 06/04/2015, 01:17:00 UTC
it will happen eventually, once the Chinese start selling to their domestic market instead of loaning money to America just so it could use it to buy stuff from them.

that will be the end game of the USA, with a constant current account deficit of 440 billion$ every year the USA along with its military is completely dependent on China to continue throwing good money after bad.
http://www.tradingeconomics.com/united-states/current-account

that's what you get for abandoning free market capitalism and replacing it with a highly regulated paper money driven central bank controlled "market".