Re: Another Deal to Circumvent the Dollar

China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead

China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more

Quote from: polynesia on October 17, 2014, 01:13:25 AM

Quote from: chennan on October 16, 2014, 12:05:07 PM

China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA.

I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan,

The Communist Party in China is opening up the Yuan to the markets

How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world?

You mean English? It is the "universal" language only for the last 100years or so and it may not be for that much longer

Millions of Chinese are getting kind of rich each year and tens of thousands are getting rich while Americans will get poorer or won't get richer as a whole in the coming years

Quote from: scarsbergholden on October 18, 2014, 11:19:55 AM

Quote from: pattu1 on October 17, 2014, 04:42:05 PM

Quote from: zinger on October 17, 2014, 06:20:38 AM

Quote from: picolo on October 17, 2014, 05:00:59 AM

Quote from: Jamacn on October 17, 2014, 01:58:00 AM

China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead

Quote from: polynesia on October 17, 2014, 01:13:25 AM

Quote from: chennan on October 16, 2014, 12:05:07 PM

I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan,

The Communist Party in China is opening up the Yuan to the markets

How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world?

Let me remind you that the Chinese were one of the earliest civilizations to trade. Where do you think the name "Silk Road" came from?

The Chinese have been in the market of international trade longer then any other known civilization. Although their primary language is Mandarin (chinese) many/most people in China can and do speak english.

The term 'Silk Road' came from China as it is/was a trade route from China. I believe (although may be incorrect on this) had something to do with the trade of meth.

The Chinese Communist Party invented the concept of a dictatorship that allows most economical liberties so the people get richer and don't question the dictatorship too much which allows the ruling class to keep their power, their leadership and to enjoy a large share of the wealth created