pull down to refresh
17 sats \ 1 reply \ @k00b 30 Mar 2023 \ on: France Buys 65,000 Tons Of LNG From China In First Ever Yuan-Denominated Trade bitcoin
France using yaun is a big nail in the dollar's coffin. Entities not using the dollar is one of the more subtle yet powerful inflationary spiral effects. As entities hold and use the dollar less, more dollars become "available," which causes more entities to hold and use the dollar less, and so on.
slows down money momentum which is how the dollar keeps its value through being used so much and always moving gonna be interesting to see what happens next yes a inflationary spiral effect indeed...
reply