#yuan — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #yuan, aggregated by home.social.
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https://www.europesays.com/fr/1168510/ Allemagne-Chine : le piège des excédents commerciaux, par Brad Setser #Actualités #allemagne #BCE #BradSetser #BundesrepublikDeutschland #Chine #ChocChinois #Compétitivité #DE #dépréciation #désindustrialistion #Deutschland #EU #euro #europe #Germany #IndustrieAutomobile #News #PolitiqueMonétaire #RéformesHartz #RépubliqueFédéraleD'Allemagne #Yuan #ZoneEuro
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Brazil makes the yuan a habit: annual bond sales tie Brasilia to Beijing
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CW: cleavage
Anja
Behold! Another snek for Art Fight attack #2! This is Anja for https://bsky.app/profile/brandenfascher.bsky.social! She was a lot of fun to draw... though I may have gone a bit overkill with this one too, I can't help it x3
Low-angle perspective stuff is torture, but man does it look cool when it works out...
https://artfight.net/attack/15140138.anja
See more on Patreon and SubscribeStar -> https://linktr.ee/scaliespe <- Join my Discord server!#spe #scalie #anthro #furry #furryart #snake #naga #yuan-ti_abomination #female #solo_female #skirt #bra #low-angle_view
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This has got to have a bunch of the elites in banking, politics, and the rest of the corrupt moneyed establishment shaking in their boots, as they say.
In short: the USA has enjoyed a privileged position since the end of WWII, because the #US #dollar has been the de-facto standard international #currency. Not just for trade, but as a reserve as well. Other countries buy US-issued government #bonds by the absolute truckload, and it lets the US spend far above its income without triggering the #hyperinflation you see when another country does that by printing money (see: Zimbabwe).
The foundation of that international currency choice is the oil trade. Pretty much every oil transaction between parties in different countries uses US dollars, hence the "petrodollar' name.
#Chinese yuan becoming an alternate global reserve and trading currency has been a worry for the US for some years now. Oil transactions happening in #yuan could make it happen in a big way.
And then the dominoes might start falling. I'd say "popcorn time", but the collateral damage to the US #economy collapsing will have huge consequences for us all.
#GovernmentBonds #USBonds #ReserveCurrency #USFederalReserve #USPol #Iran
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#China is considering allowing #Yuan-backed #stablecoins to promote global use of its currency, marking a major #policyshift from its previous ban on #cryptocurrencies. The plan, which includes steps to counter US progress on stablecoins and guidelines for risk prevention, will be reviewed by China’s State Council later in August. https://cointelegraph.com/news/china-considering-yuan-backed-stablecoins-global-currency-usage?eicker.news #tech #media #news