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0 sats \ 0 replies \ @Solomonsatoshi 28 Dec 2024 \ on: Is the Treasury Market ok? econ
US and China are at war via proxies.
That war is ultimately about who controls the global MoE.
https://www.nytimes.com/2022/02/20/us/politics/russia-china-ukraine-biden.html
US still seems to have the upper hand, Syria was a good move.
But China is still winning the trade war...and this war is being fought on multiple fronts and will not be resolved swiftly.
Even the Japanese struggle to compete with Chinese EVs.
Use of Chinese currency for trade payments will probably expand beyond Russia, Iran and N.Korea to other economies and the dominance of the USD is in clear medium term decline. Trumps threats to BRICS nations acknowledges this.
Short term USD remains dominant, though in decline - Long term USD/USA is trading while insolvent.