Crypto Yuan To Destroy The Dollar

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Taco
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Crypto Yuan To Destroy The Dollar

Post by Taco »

Crypto Yuan coming to a city near you...

China's new digital currency could encourage worldwide use of the Yuan, says CEO
https://www.cnbc.com/2019/09/13/chinas- ... ation.html

https://www.zerohedge.com/crypto/chinas ... allenge-us

"One of the saddest lessons of history is this: we're no longer interested in finding out the truth." - Carl Sagan
Taco
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Re: Crypto Yuan To Destroy The Dollar

Post by Taco »

The Next Pearl Harbour? China's Gold-Backed Crypto Currency Will Blindside US Dollar
https://www.zerohedge.com/crypto/next-p ... -us-dollar
Last edited by Taco on December 11th, 2019, 1:40 pm, edited 1 time in total.
"One of the saddest lessons of history is this: we're no longer interested in finding out the truth." - Carl Sagan
Moretorque
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Re: Crypto Yuan To Destroy The Dollar

Post by Moretorque »

Some of his information is sketchy, you have to watch his opinions but I do learn something from all his shows so he is a must watch overall.....
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tom
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Re: Crypto Yuan To Destroy The Dollar

Post by tom »

Financially responsible organizations are all alike. By definition, they do not waste money. By definition, their irresponsible counterparts do, and by definition there are an infinite number of ways to waste money.

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Taco
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Re: Crypto Yuan To Destroy The Dollar

Post by Taco »

This link is from CNBC.

China could launch its own digital currency in the next 2-3 months, predicts investor
https://www.cnbc.com/2019/11/12/china-c ... -says.html
"One of the saddest lessons of history is this: we're no longer interested in finding out the truth." - Carl Sagan
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xiongmao
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Re: Crypto Yuan To Destroy The Dollar

Post by xiongmao »

More propaganda but the reality is the Yuan is worthless outside China.

ICBC told me I could only wire money out of the country if I went back to the city where I opened the account. Bank of China took 70 minutes for me to update my passport details. I think they'll make it equally difficult to ship money out of China.

At some point CNY will be devalued and that will cause a huge stock market rout like it did in 2015. That was only a 3% revaluation too.
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Contrarian Expatriate
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Re: Crypto Yuan To Destroy The Dollar

Post by Contrarian Expatriate »

Anyone who heeds the alarmist posts of Taco is too stupid to deserve wealth. It should be apparent to all that if one pulled his wealth out because of listening to Taco a decade ago, he would have missed out on record breaking wealth-exploding years.
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