As I was saying yesterday. The Chinese are slowly giving the news to trading partners. No more dollars. You want to buy from us. You get a Yuan swap line. You settle trade imbalances in gold or Yuan and use our settlement systems. What can the US do? All they have is threats against the likes of Argentina. China has the vital goods they need at the right prices. The will continue to do this and kill dollar dominance. Theres no other choice or enter an inflationary spiral.
how does this play out in 20 years? half the countries buy using Yuan? US goes back to manufacturing cuz dollar falls? Americans finally lose weight?
>>62488026I thought Milei was anti-Chinese?
>Argentine peso devalues to zimbabwe-tier levels>Hard for businesses to even buy USD because the market is so shallow and the currency so unwanted price discovery becomes tricky >Milei's lolbertarian stance does little to appease markets, forex remains tightly regulated to avoid massive capital flights>country with almost no industry or advanced services to export>USD reserves run dry >Great opportunity for China to dump it's surplus production, will probably be selling shit to Argentina at a loss in a government-set artificial exchange rate just as they do with Veneuela and African shitholes that struggle to access USD >brown thirdie posts his paid shilling painting this as a massive victory for china and a sign of the dollar collapsing We should have flags on /biz/. I'd call you a chink but I don't think chinks can even access this site. >As I was saying yesterday.Your thread died within 24hs on one of the slowest boards on this site. That should tell you something. Fuck off paid brown tankie.
>>62488083Another moron who thinks the yuan is convertible into money
>>62488137seething + coping + increasingly demographically brown migger who can't win wars
>>62488151He’s real mad
America will nuke you bitter fags into the stone age before letting China rule this gay earth
Why do I care if one thirdie shithole wants to use yuan again?
China is going to launch a gold-backed trade currency. That's why they have been piling up gold like frat boys on a drunk cheerleader. Also opening Shanghai metals market, just recently the Hong Kong gold exchange, and Singapore coming online soon. The USD became king because it was backed by gold. Then the USA got greedy and cheated. It will lose its throne to gold.
>>62488144it's convertible to gold though
>>62488221You will be nuked.
>>62488302LOLLMAOyou go ahead and try to do that and get back to us
>>62488026>What can the US do?It's called the petrodollar, anon, not the stuffdollar.
>>62488330Nukes aren't real, boomer. Your worthless fiat savings are about to be hyperinflated to nothing once the world goes back on the gold standard.
>>62488144It’s convertible into consumable goods which is the main purpose of a currency.Even housing is technically a consumable, just win a very long timeframe.
>>62488182A big reason US can borrow hugely from the Market is because of1) Petrodollar2)US$ being the boss of cross-border settlements. If the markets shrink who will use US$ anymore?
>>62488086Milei is a dead man walking politically. The only retards you see shilling him are chuds who do not live in Argentina. He only cares about making Patagonia an autonomous israeli colony.
don't worry we've found the solution
>>62493521only mexicans who want to be white trash use usd
>>62493633Yeah Im buying PMs
>>62493633>bitcoin favored by free societies>gold favored by centralized dragon hoardersLooks like gold is going to be the underlying settlement asset of choice for all parties involved dessssu (at least in the near term)I say this as a btc/xmr maxi
>>62493633>pegging our currency to Saylor Moon and leverage algorithm jews
>>62493633top signal
>>62493550>PatagoniaThat's at least true or only the usual Internet legend? I've seen plenty of rumors and accusations, but so far nothing substantial.
>>62488302Is China back on the gold standard?
>>62493550Are Argentinians actually worse off now compared to a decade or two or three decades ago?
>>62488026>fastforward 18 months>the usa has enacted a special operation to kill the argentinian government
>>62488137>Great opportunity for China to dump it's surplus production, will probably be selling shit to Argentina at a loss in a government-set artificial exchange rate just as they do with Veneuela and African shitholes that struggle to access USDThis. China's economic slump is currently so bad they 'reported' the slowest growth in a generation.
>>62495510Basically the same thing as israel and hamasAlways follow the money
Why would China want more demand for the yuan? They intentionally drive the demand for it down so that their exports benefit.
You own the YUAN?Communism out here selling dreams like a busted dude promising everybody a mansion while he stealing the fridge out the kitchen. Every single time they talk about “everybody equal,” somehow the regular people end up broke, hungry, standing in lines for bread while the top bosses chilling fat behind locked gates acting like kings.They be saying, “share everything,” but what it really mean is: “you own nothing, the government own YOU.” Wanna speak your mind? Nah. Wanna worship freely? Nah. Wanna disagree? Congratulations, now you suspicious. Whole system move like a control freak ex that gotta monitor every little thing you do.And the economy? Absolute clown show. Folks working hard just to get empty shelves and busted apartments while propaganda posters smiling harder than the actual citizens. History got receipts too — censorship, secret police, people disappearing, leaders acting untouchable while preaching “for the people” every five minutes.That’s the wild part about communism: it start sounding like a superhero speech and end looking like a prison with extra paperwork. They promise equality, then everybody equally miserable except the dudes running the show.At some point you gotta ask: if the system so perfect, why people always trying to escape it instead of rushing in?
>>62488026but what can you do with yuan, other than buy gold? who the fuck wants to live in china where saying "i think the government might be slightly incorrect" gets you a lifetime of jail? who wants to live around han chinese people who see everyone who isn't them as less than human? who the fuck wants to learn god damn mandarin? the yuan will never be as actually valuable as the dollar because nobody gets rich to move to china, you get rich to move to America.
>>62488330Who do you mean by "you"? I'm American. And America isn't going to nuke anyone. America is going to be cut off at the knees financially and will have no choice but to issue its own gold-backed trade currency if it wants to stay in the game. And that will put an end to the party.
>>62495495Not yet, but the signs point to them issuing a gold-backed trade currency.
>>62495764Global demand for the dollar as trade and reserve currency was an incredibly lucrative financial arrangement for the USA for decades. It allowed massive money creation without much inflation. China wants that. They have said it publicly.
Why did we get $40 billion to Argentina again?
>>62495971You don't have to live in America to use the dollar. Why would you have to live in China to use the Yuan?
>>62496108No kidding but the US’s status as the world reserve currency is pretty unique; it wasn’t exactly an organic happening. Going from a gold-backed reserve currency to a fiat reserve currency has a lot of benefits, no doubt, especially since US debt is denominated in dollars. Still, China isn’t even close to having a freely floating currency, and their dominance on the global stage still comes from their export advantage. I’m not saying that they don’t want the position, I’m just saying it’s probably premature to claim they’re going for it.
>>62488026>What can the US do?Nothing, all this was planned by jewry for decades. Everybody with 2 braincells knew it would be the inevitable outcome ever since the mass migration of (((industrial capital))) started in the 90s. They fucking dismantled every factory in the US to build it back in China for 25 years straight, selling you le service economy & le chink slave until the end times bullshit fantasy.End result : 98 millions jobs destroyed, ultra vulnerable and dependant on all kinds of strategic resources, no industrial capacity, rampant inflation, reduced diplomatic influence, destroyed or terminally old energy/transport/etc... infrastructure.It's already over, the jews are physically leaving the boat, there is nothing left to loop or vampirize from the US. Only one rug on their financial scamfest and the whole house of card collapse.
>>62495510>It's raining on Buenos Aires
>>62495806Now try sounding 20% less like a nigger, ChatGPT
>>62495806Finally an intelligent person in this thread. I’m so tired of non-americans. Thank God for Elon Musk and Donald Trump.
>>62488026>paying for imports in the currency of the exporting nationHey look it's fucking nothing.
>>62493633>the solution is my bagsGod I hate you bitcoin morons
Oh no another person saying the dollar is dyingI have only been hearing this daily for twenty years now
>>62495499
>>62488086Anti-china stances in the region are more for propaganda consumption. In reality most try to find a balance playing the US and China off each other
>>62497161their bag seems to be the solution to every problem
>>62496058Hilariously, the country most probable to get nuked is the US... by nuking itself.
>>62488137>a triple digit IQ post on /biz/R A R EARE
I still don't understand how being a "global reserve currency" brings any benefit to me or the countrythanks
>>62497725you'll find out sooner than later, you ignorant faggot
>>62488083The bottom 90% of American are very poor and top 10% very rich. Bottom 90% very brown and black and mixed. Similar to what we have now but worse.
>>62488083I hope so, even if we're 100% insular America could have one of the highest standards of living.
>>62493633>The solution is the asset controlled by chinese data centers.brilliant!
>>62488086He is just a nihilist jew who wants to see Batman dead.
>>62488137EXTREMELY good post.
>>62496252They publicly SAID they are going for it. Meanwhile, they are stacking gold in unknown but very large amounts, streamlining gold import/export regs, opening exchanges, and curtailing paper gold trading. Does that all seem like random events to you? Doesn't to me.
>>62497162How much value has the dollar lost in those twenty years?
>>62497725It soaks up currency so the government/banks can create and spend massive quantities of new currency with minimal inflation.
>>62498282The Chinese operate on an extremely long time scale. “Going for it” could be “In fifty years we aim to be the world reserve currency.” I have no doubt they’re going for it; they’re going for everything. The fundamental problem they face is that they are still an export economy and are not yet equipped to be the global financial hub (hell, there is barely an alternative to SWIFT and even then, its only used in a few trades between countries). They still manage their currency and artificially inflate/deflate the yuan as they see fit. I understand the argument that they want to be gold-backed, but that’s a long ways away. You’re jumping the gun.
>>62498292yea so that non-whites can get welfare and boomers can get health care
>>62498391The non-meme answer to your question is that much of America’s modern history is inseparable from its identity as the world reserve currency. The property, infrastructure, quality of life, etc. that you may feel are decaying are decaying *relative* to how good things were, and “how good things were” is the result of being the world reserve currency. So you may look around now and say you don’t see the benefits, but the reality is that all of contemporary American life is in the shadow of a litany of benefits, decades and decades of benefits.
>>62498381To evaluate China's strategy, you must take into account how badly the USA is managing its financial system. Really all China needs to do is sit back and wait while the US burns down its own house. All roads lead to massive inflation of the USD. At some point the world is going to start feeling the pain and then China, massive exporter that it is, will only need to say "10% discount for paying in our new gold-backed yuan." Then 20%. Then 50%. Then "We no longer accept USD." It might take a few years, but the USA is incapable of stopping it. No shooting, no shouting, just economic power, and the fruit of decades of American greed and corruption. It WILL happen. You say "long ways away". Maybe. I say the interest on the US national debt will consume ALL Federal revenue in less than ten years. And that will be the turning point (if we make it that far). The bridge is out and there is zero political will to stop the train. And when the USD crashes, China will be ready to pick up the pieces.
>>62498391You are seeing the end days. From WWII until the early 80s, America had an economic boom like the world had never seen and it was a flood that raised all ships. But it was unsustainable. It gave us the k-shaped economy. And now it is breaking. China saw that prosperity and wants it. Keep in mind that the CCP has made some colossal blunders with its central planning. And it will likely eventually bungle a gold-backed currency. But before that happens, gold stackers will do very nicely thank you.
>>62498444This is correct.
>>62497725Try being british or Swedish and you'll see what it's like to have a weak currency
>>62488026>>62496108>China wants that. They have said it publicly.then why is the CNY/USD rate fixed? 1 USD = 7 CNY>>62498282>They publicly SAID they are going for it.post source. also, post your bags of CNY.this whole argument falls when you consider that single fact.
>>62498492Your timeline is just too aggressive. Debt on interest will not surpass GDP in ten years. >Then "We no longer accept USD." It might take a few years, but the USA is incapable of stopping it. No shooting, no shoutingThis is where you’re definitely wrong. There will be shooting. If you think the US will politely surrender its financial position and quietly slip into economic collapse, you are mistaken.
>>62488026Milei is Israeli
>>62498877Took two seconds: https://www.channelnewsasia.com/east-asia/xi-jinping-yuan-currency-us-dollar-china-5920046My bags are in picrel.
>>62499351Do the math. Assumptions: current trends in Federal spending continue. Current trends in Federal revenue continue. Current trends in interest rates continue. One third of very low interest US treasury paper rolls over this year into much higher rates. You don't even have to speculate that current holders of treasuries will shy away as the end approaches or that Federal revenue is going to drop as the recession continues. MMT is in its death spiral. Who are you going to shoot? Going to nuke China? The US military can't even intimidate Iran. Killing people can only delay but never defy the laws of economics.
>>62499648How about you do some math here. Do you see the number on the left side of this graph? You’re saying that number will be 100+ in ten years. Does that look right to you?
>>62499648And yes, to answer your second question. The US will flip out and bomb the entire planet before they relinquish their role and settle into total economic collapse. If you really believe that’s not a threat at all, more power to you.
>>62499628>Qiushi, an official publication of the Communist Party, recently shared excerpts from a hitherto-unpublished 2024 speech by Xi to officials.>2024 speech by Xiso, years ago. it still hasn't happened.>My bags are in picrel.I only see gold and guns there. 0 yuans.so you don't put your money where your mouth is.
I don't know why 4chan hasnt ip range banned anyone located in China yet but until they do we're going to get more threads full of lies like this one.OP I hope you can feed your family with that yuan you get for posting this. To everyone else in the world its completely valueless.
>>624954851. Argentina has the sixth largest Jewish community 2. Argentina made plans to accommodate 300k Israeli refugees of war 3. Mekorot, a company that supplies 90% of the drinkable water in Israel, is present in Argentina 4. Wildfires in Patagonia at the end of 2025 and beginning of 2026, thought to be started by Israeli tourists, at the same time Milei modifies a law that permits foreigners to buy land 5. Milei's first visit abroad as president was Chabad Lubavitch World Headquarters in Brooklyn, the same place as the tunnel incident
>>62495499CheckedThey are being saved in one regard, only to have their entire future in peril of being sold outThey are in the midst of rearranging the state as per the usual faustian covenant
>>62498057China banned mining.
>>62488026The Grail moves ever westward.
>>62498284Minimum 60%
>>62488026America focused on zero sum parasite bullshit economics while China focused on production of real value that enriched the whole. China won
>>62495485They have been seen starting fires on the Patagonia since 2012. Every single time a fire starts, turns out a group of Israeli "tourists" are seen on restricted areas of the native forest. They are demons.>Why are they burning it tho?Because Milei got passed a really convenient law that lets foreign entities buy native forest lands, 5 years after a natural disaster like a forest fire. Kast is pushing the exact same law among other laws that remove the safeguards.
>>62488083America because an irrelevant welfare state while China becomes the main economic hub of the world
>>62488026>What can the US do? Have our leader shit himself and cry on twitter as the IMF does everything behind the scenes
>>62488083>how does this play out in 20 years?It doesn't, the Yuan is a fixed monopoly money. Granted, so is the US, but the reason the dollar became the trade currency was because the Fed was open about how it does business and where its bookkeeping lays. It's only entering this period of the Yuan looking like a more attractive reason because our leadership is batshit retarded and has been effectively flushing its reputation down the drain. Mostly either at the behest of two consecutive presidencies ran by two separate senile old men who allowed anyone with their cell phone number to print infinite dollars for pet projects, or multiple banks and payment processors who decided that some dollars are more equal than others. Both of which defeat the purpose of having a reserve or trade currency, the transparency is shattered. In twenty years those old men will be dead, we'll get at least one sane presidency who sets the fed straight and fires all of the yes-men and nepo hires, and we'll be back to normalcy of the Dollar being the reserve currency.
>>62502632America will never be an irrelevant welfare state but the Dollar could further get shat on by ancient boomers who think chancing paying America's interest off on its debt for political plays is a smart thing to do. Nobody trusted the Yuan previously because it was clearly being manipulated by all metrics, when the dollar and yuan are both being manipulated by nepotistic retards, what difference does it make?
>>62496111So they only needed to use 760 million Yuan in the new credit swap with the Chinese.
>>62499671>Standards used to indicate total physical debt to GDP as an indicator of financial healthLet’s move the goal post and now only measure interest compared to GDP…
>>62499648>Assumptions: current trends in Federal spending continue.This is only happening because a cult decided to elect a boomer retard who has made it his life's goal to give as much money as possible to Israel. It won't continue, it can't.
>>62502541unz.com/article/mileis-austrian-scam-by-the-numbers/He's actually yet another shitty president. Nothing has changed besides who gets to fuck Argentina in the ass. Before it was China, now it's the US and Israel.
>>62502728I didn’t move shit. He is the one who said interest on debt would exceed GDP. I posted a graph on what the interest on debt, as a percentage, looks like over time. What do you want?
>>62488026do you guys think the angry replies every single thread that mentions "china" or "chinese" gets are NSA/GCHQ bots?
>>62502644The Fed's would rather JFK that president than give up the power they have.
>>62488137>Your thread died within 24hs on one of the slowest boards on this site. That should tell you something. Fuck off paid brown tankie.kek spot on anon. He'll keep spamming
>>62497725>I still don't understand how being a "global reserve currency" brings any benefit to me or the country>>62498292>It soaks up currency so the government/banks can create and spend massive quantities of new currency with minimal inflationinterestinghow is this not a ponzi scheme again?
>>62493633>The solution is that the government buys my bags
>>62502651>America will never be an irrelevant welfare statePure delusion.Demographics is destiny. You are haunted by these words.
>>62505377If demographics are destiny, then China is already, and will always be, a welfare state money-sink, you dumb fucking nigger.
>>62488137They ree'd because he spoke the truth.
>>62488151>INCREASINGLY BROWN!>says the thirdie brownoid coping about China, a largely brownoid shithole
