47 sats \ 0 replies \ @Solomonsatoshi 3 Sep \ parent \ on: Inflation: are we following the path of the 70s? econ
USD is highly dependent upon the imposed need for all central banks to hold USD in order to participate in the SWIFT payments network.
With China now increasingly provisioning trade payments independent of SWIFT and USD there is a real possibility that the USD collapses and the Chinese CBDC Yuan becomes the dominant fiat currency.
After all how many nations can afford not to trade with China?