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0 sats \ 11 replies \ @aliceandthewonderland 17h \ parent \ on: End of dollar era? China’s digital yuan is causing global monetary power shift news
No debate is necessary, it is fact.
Typical FIAT currencies like the Dollar and the Yuan are vulnerable as small group controls their monetary policies, including the power to print money(indefinitely).
Declining of FIAT is inevitable. PERIOD.
'No debate is neccesary'
Sounds like a very authoritarian and irrational assertion.
That is not a convincing reasoned support for your initial assertion.
It is more of a statement of faith or conviction.
It does not explain or even provide causative factors or logic as to why centralised fiat would decline or why Bitcoin would overcome fiats current domination of MoE monetary systems.
It is more like you are hoping something will happen but cannot argue convincingly why it could or would happen.
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Haha, that’s funny enough. Actually, you appear to be the one caught up in illusions, clinging to the belief that China is on the rise. However, the truth is that China is disintegrating from within, and it's only a matter of time before the world witnesses its collapse. Your misguided hope is akin to a frog sitting in a well, blissfully unaware of the vast ocean that lies beyond. Open your eyes and face the reality, for only then can you truly understand the magnitude of China's impending downfall.
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You continue to make assertions without any credible fact based or reasoned support for those assertions.
It is rather tragic.
You leap from asserting that Bitcoin Standard is inevitable, to asserting China is about to collapse.
Such absurd baseless assertions only identify you as someone who cannot deal with reality.
I do not like the prospect of China becoming increasingly dominant but I do acknowledge the facts and evidence that show this is happening.
USA cannot last very long without the Chinese supply chains it is addicted to.
Trump cannot end the war in Ukraine- Russia now sells its oil and gas to China and does not need the USA.
Saudi Aramco has signed up to Chinas mBridge trade payments protocol and is already selling oil denominated in Yuan.
The petrodollar is dying, dying, dead.
Some Americans are naturally in denial as its not a great prospect to see that the global wealth and resource hegemony you enjoyed and squandered since WW2, looks like its over.
Bitcoin may serve to preserve some of your wealth but it is very unlikely to emerge as the dominant means of exchange globally when China is diametrically opposed to Bitcoin as a MoE and China has already won the trade war.
All nations now need to trade with China or suffer significant economic disadvantage- this reality is what you cannot yet accept- no hurry, take your time.
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All nations now need to trade with China or suffer significant economic disadvantage- this reality is what you cannot yet accept- no hurry, take your time.
来讲讲天安门事件吧
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Again you fail to put forward a convincing rebuttal or refutation- now you just parrot what I have said while also failing completely to credibly refute what I have said.
Your 'Lets talk about Tainanmen Square' in simplified Chinese does not actually make any logical argument refuting what I have said about Chinas domination of global trade and supply chains...and the fact that all nations must now trade with China or suffer considerable economic disadvantage.
I could equally refer to the USAs many moral failings, slavery, torture via 'extraordinary renditions' 'lets talk about Guantomino' - interventions, sabotage, drone attacks and war upon the governments of other nations etc, but it would be equally irrelevant and fail to address the issues raised.
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China has already won the trade war.
Source???
Can you even criticize Xi in your country??