alt Hacker NewsThe yuan doesn't need to become a reserve currency for it to impact the US dollar. 15%+ of global trade is Chinese import/export. China is the biggest buyer and seller to most countries.
The yuan doesn't need to become a reserve currency for it to impact the US dollar. 15%+ of global trade is Chinese import/export. China is the biggest buyer and seller to most countries.
The United States is currently doing most of the damage to itself China or the EU really don’t have to do anything. Americans are shooting themselves in the foot.
One piece of good news is what the Norwegians are continuing to do with the Norwegian sovereign fund thinking ahead… one country took the resources from the north sea, and came up with a plan the other across the north sea squandered everything.
https://tradersunion.com/news/editors-picks/show/2984751-nor... Norwegian sovereign fun post 184 billion dollar profit