Quote from: Twentyonepaylots on June 05, 2020, 03:19:18 PM

The fact is, China wants to lead the world. Some of you guys might not understand what China is doing right now, saying that there's no way it would replace USD or BTC ( I believe so, but it's not impossible.)

China does have the ambition to become the ruler of the world. But China is sane enough that its opponent's strength is too integrated and the opponent's flight hours are higher. The fact is that the torch strategy is a printed counterpart so that the dollar enters China and foreign exchange reserves in the form of dollars increase. The Have group is a person who controls the world even more wealth than the FED has, this group is small in number around 3-5% but they control almost 95-97% of world wealth and they use America as a proxy to make their wealth Eternal. Yuan might be able to shift the USD if China defeated America in a military war.

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Is the timing is perfectly placed? Just yesterday I read an article regarding China on using Digital currency for international transactions. With this they can forcefully make a country digital just because they say so, for example this product "X" will only be available for digital currency transaction that means ones country must have deal with it. And in that way they will simply win the cryptocurrency race among several countries, not only that, they also easily sell it to you with their products. This is what I think would happen.

Digital Yuan is only a symbol that China is advancing on the financial side of technology and as a grand plan of accelerating the change in the global pendulum from crude oil to batteries, digital Yuan publishing is not intended to shift the USD or Bitcoin. China still needs USD now, without reserves in the form of USD, China's economic stability is also not maintained. China also needs and prefers a stronger USD even willing to weaken the Yuan exchange rate with the aim of competitive commodity prices and can be absorbed by the international market.

China can print Yuan but cannot print dollars. Therefore, the OBOR program was made to print Yuan but generate dollars. Meanwhile, to reverse the situation so that the Yuan is more ferocious in the future, China will sell its products to Africa and import high-end goods from developed countries. The buyer is king, when demand declines China will be present as a shiny buyer and that's when the Yuanization negotiations can begin.