Posted by seumasach on November 10, 2019
3rd November, 2019
China has high ambitions for its state-controlled digital currency.
I wrote two months ago that its central bank digital currency could be imminent. And since foreign adoption of the yuan has been tepid so far, the technology also represents a massive bid to accelerate the internationalization of yuan.
Posted in Currency Wars | Tagged: Chinese soft power, demise of dollar, gold-backed cryptocurrency, gold-backed yuan | Leave a Comment »
Posted by seumasach on November 1, 2017
A soft landing for the dollar is by far the best option. That implies negotiations. As the incumbent the US has certain advantages- it wouldn’t be negotiating entirely from a position of weakness. But Russia/China must be able to find reliable interlocutors in the US and, given the internal turmoil and division within the US ruling class, it is by no means certain they can be found. In order to take advantage of the win/win scenarios which multipolarity undoubtedy offers them the Americans have to sort themselves out.
Adam Garrie
31st October, 2017
Russia is not actually interested in undermining American “democracy”. In fact, the United States isn’t particularly concerned either. But Russiagate continues to give mainstream media a narrative that it can sell to its dwindling core audience. However, when it comes to the real linchpin of American power, the almighty Dollar, things are very different.
Posted in Multipolar world | Tagged: BRICS cryptocurrency, decline of dollar, End of empire, gold-backed cryptocurrency, gold-backed yuan, Rouble crytocurrency | Leave a Comment »
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