China Yuan Demise, China Demise, Ray Dalio CNY Reserve Currency?
I remember a few months ago there was talk about the Chinese Yuan being the new reserve dollar? Ray Dalio?
- The China economy looks so far gone its not even a joke anymore
- Government forcing people to not sell assets including banks / institutions
- China stimulus debasing the currency parabolically
- China stock index failing to grow at all
- China no longer reporting jobless claims / unemployment figures (Source at the bottom)
- China DEBT to GDP ratio is also going parabolic chances are it will pass even the USA.
- Conclusion China and the Yuan is on its way out and the China age is looking more over than ever. What's the next reserve currency? Not the Yuan that's for damn sure.
- What's left? Russia with BRICS & Bitcoin is still there just hanging around.
https://www.reuters.com/world/china/china-stop-releasing-youth-jobless-rate-data-aug-says-stats-bureau-2023-08-15/
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