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Currency Wars - China CBDC vs USD


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I've been passively following China's efforts to dethrone the USD from Global Reserve status for 20ish years. I have always seen the conclusion as a successful dethroning, but this video snapped in my face, exactly How they will deal the death blow to the USD.

As @GrayFox mentioned in another thread, the Chinese have been lending a lot of REM in Africa. This creates a situation where these borrowers create future demand for REM, they must have REM to make loan payments.

Ray Dalio discusses in his excellent!! LinkedIn series The Changing World Order how Currency Wars are one of the type of wars that get fraught when one global reserve currency dies out and another grows up to take over global dominance.

I've known for a long time that the Chinese will never give up their prized goal of global REM dominance, like the USD has had for decades. But with this video clearly explaining the strategy and how they are using their CBDC as a weapon in the currency war really made me realize this is a "hot war" not a cold war like it has been for the past 20+ years.

I have viewed Ripple, XRPL, & RippleNet as an opportunity for the USD to extend it's power further into the future, like a defensive hedge to the REM onslaught. This is because the structure of the UNL is all about creating an "instutional Trust Graph", essentially mapping out the international banking network and it's connections of who trust who.

That decentralized Trust Graph is going to have to fight the Chinese centralized monetary network for well past my lifetime. This fight will be critical to determining When the REM over takes the USD in global power.

Side note: I have no idea how a domestic regulatory agency sees it as a good idea to suppress the USD's best chance to maintain America's future global power, it seems to go against the National Security interest of the USD and thus America.

The USD is our most powerful weapon. You cant buy bombs & boots without a strong USD, plus sanctions, data, influence, etc etc etc.

@Wandering_Dog & @? who was the other guy that understands this stuff?

Edited by KarmaCoverage
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1 hour ago, KarmaCoverage said:

I've been passively following China's efforts to dethrone the USD from Global Reserve status for 20ish years. I have always seen the conclusion as a successful dethroning, but this video snapped in my face, exactly How they will deal the death blow to the USD.

As @GrayFox mentioned in another thread, the Chinese have been lending a lot of REM in Africa. This creates a situation where these borrowers create future demand for REM, they must have REM to make loan payments.

Ray Dalio discusses in his excellent!! LinkedIn series The Changing World Order how Currency Wars are one of the type of wars that get fraught when one global reserve currency dies out and another grows up to take over global dominance.

I've known for a long time that the Chinese will never give up their prized goal of global REM dominance, like the USD has had for decades. But with this video clearly explaining the strategy and how they are using their CBDC as a weapon in the currency war really made me realize this is a "hot war" not a cold war like it has been for the past 20+ years.

I have viewed Ripple, XRPL, & RippleNet as an opportunity for the USD to extend it's power further into the future, like a defensive hedge to the REM onslaught. This is because the structure of the UNL is all about creating an "instutional Trust Graph", essentially mapping out the international banking network and it's connections of who trust who.

That decentralized Trust Graph is going to have to fight the Chinese centralized monetary network for well past my lifetime. This fight will be critical to determining When the REM over takes the USD in global power.

Side note: I have no idea how a domestic regulatory agency sees it as a good idea to suppress the USD's best chance to maintain America's future global power, it seems to go against the National Security interest of the USD and thus America.

The USD is our most powerful weapon. You cant buy bombs & boots without a strong USD, plus sanctions, data, influence, etc etc etc.

@Wandering_Dog & @? who was the other guy that understands this stuff?

Was it @GrayFox

 

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Posted (edited)
40 minutes ago, brianwalden said:

2 beats 500 in golf. USA! USA! USA!

But seriously, China has been engaged in 5th generation warfare for a while now and is winning. The US doesn't even know it's in a fight.

That's unfortunately appearing true. Although we are good at fighting ourselves, "so I guess we have that going for ourselves" caddyshack meme. Sigh

Edited by KarmaCoverage
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On 4/2/2021 at 8:33 PM, brianwalden said:

2 beats 500 in golf. USA! USA! USA!

But seriously, China has been engaged in 5th generation warfare for a while now and is winning. The US doesn't even know it's in a fight.

The US knows it is in a war. Unfortunately the party in power, (progressive) is clearly fighting for the Chinese side. Destruction of the dollar is the best way to claim “capitalism has failed”  Once this is declared by the elites, the US will join the socialist gloom and poverty that is considered “normal life” in Europe and Asia.

It does not matter how savy you are as an investor. You can keep adding as many zeros (10X) to the right hand side of your account balance as you wish; but as long as the left hand side starts with a $, you will be poor, and living like the majority of Europeans in the end. 

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1 hour ago, Valhalla_Guy said:

The US knows it is in a war. Unfortunately the party in power, (progressive) is clearly fighting for the Chinese side.  

Yawn...really?  The US Dollar has been consistently losing value for decades now - this has nothing to do with the Democratic Party.  The "progressive party" as you call them, are center-right at best.  The drive to de-value is in fact a FEATURE of the Dollar's reserve currency status - if the value were too high it would stifle demand and weaken its status as the reserve currency.  Devaluing the Dollar and keeping it as the main reserve currency is a major balancing act, along with the petro-dollar.  This is no more a progressive agenda than it is a conservative one.

Living like a majority of Europeans?  You mean with access to top quality health care and higher education that doesn't bankrupt you in the process?  Having higher quality food that isn't stuffed full of high fructose corn syrup, and not having to deal with an obesity epidemic as fallout?  Well...sign me up then!  

Look man - every nation has its problems.  But if you're going to point the finger at Europe as some example of what not to do...then you better make a better case than you just did.  

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6 hours ago, Valhalla_Guy said:

The US knows it is in a war. Unfortunately the party in power, (progressive) is clearly fighting for the Chinese side. Destruction of the dollar is the best way to claim “capitalism has failed”  Once this is declared by the elites, the US will join the socialist gloom and poverty that is considered “normal life” in Europe and Asia.

It does not matter how savy you are as an investor. You can keep adding as many zeros (10X) to the right hand side of your account balance as you wish; but as long as the left hand side starts with a $, you will be poor, and living like the majority of Europeans in the end. 

Please, don’t even say that. It sounds like a horrible nightmare. 

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9 hours ago, LordAMV said:

Yawn...really?  The US Dollar has been consistently losing value for decades now - this has nothing to do with the Democratic Party.  The "progressive party" as you call them, are center-right at best.  The drive to de-value is in fact a FEATURE of the Dollar's reserve currency status - if the value were too high it would stifle demand and weaken its status as the reserve currency.  Devaluing the Dollar and keeping it as the main reserve currency is a major balancing act, along with the petro-dollar.  This is no more a progressive agenda than it is a conservative one.

Living like a majority of Europeans?  You mean with access to top quality health care and higher education that doesn't bankrupt you in the process?  Having higher quality food that isn't stuffed full of high fructose corn syrup, and not having to deal with an obesity epidemic as fallout?  Well...sign me up then!  

Look man - every nation has its problems.  But if you're going to point the finger at Europe as some example of what not to do...then you better make a better case than you just did.  

Of course this has been going on for a long time. Progressives ride elephants as well as donkeys in America. It is not Dem VS Rep rather Progressives versus patriots.
 As far as how great it is in Europe; We can talk when US emigration to Europe out numbers the immigration from Europe. That is the only barometer that matters. No one in America is lining up to move to Europe’s utopia. (Case closed) 

Yes the liberals in US are fleeing the wastelands they created, but only going as far as Texas.

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20 hours ago, Valhalla_Guy said:

socialist gloom and poverty that is considered “normal life” in Europe and Asia

Do you think this is normal in Europe and Asia?. I am from Europe and I have been living in Asia for over 5 years. This is not normal. If you want to talk about socialism then lets talk about US stock market that is so saved by socialism that anything can be. If it drops 5% then you are printing more money to buy more stocks. If this is not socialism then what is? US stock market is not free market.

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On 4/3/2021 at 2:33 AM, brianwalden said:

2 beats 500 in golf. USA! USA! USA!

But seriously, China has been engaged in 5th generation warfare for a while now and is winning. The US doesn't even know it's in a fight.

You know what's the main difference? in China they want to build out a succes as a society & country first (suppressing the individual) while in the Western mindset one wants to win as an individual first (suppressing society & government)

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4 hours ago, JBW said:

Do you think this is normal in Europe and Asia?. I am from Europe and I have been living in Asia for over 5 years. This is not normal. If you want to talk about socialism then lets talk about US stock market that is so saved by socialism that anything can be. If it drops 5% then you are printing more money to buy more stocks. If this is not socialism then what is? US stock market is not free market.

I completely agree. The US is sinking into the same socialist swamp that currently traps all of Europe/Asia.
The laughable irony is that Europeans will feel the pain of a dying America long before the Americans themselves.

Brace youselves, for your dark history is about to repeat.

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