/biz/ - Business & Finance

[Anonymous No.54392420]

>France just made its first transaction using Chinese yuan instead of USD
>Brazil and China agree to use each other's currencies for transactions
>ASEAN now dropping USD, euro, yen, and pound for financial settlements

So, is this shitcoin finally going to dump?

[Anonymous No.54392423]

>>54392420

No.

[Anonymous No.54392439]

>>54392423
>mystery meat muttcels coping this hard
enjoy your irrelevancy

[Anonymous No.54392464]

>>54392420
1_russia sells the oil and gas to china
2_China refines it
3_China resells it for yuans to europe

Truly great allies these eurocucks, meanwhile the stupid retards at the white house use 0 soft power with these cunts

[Anonymous No.54392470]

>>54392420
Unfortunately, no.

The system was meaningless to begin with so if people stop using it, america can just jump over to a CBDC.

This is all planned.

[Anonymous No.54392488]

>>54392470
The usa is literally the only country that can't move to a CBDC due to the ammount of physical dollars outside the usa, and how many small banks there are.

It would destroy the us bond market, in fact the fed is extremly against CBDCs as shown by the recent refusal to custodia bank trying to be 100% insured 1-1 in cash.

The fed wants banks hedging and buying bonds which won't happen with a CBDC

[Anonymous No.54392501]

>>54392423
>my shitcoin will be the global reserve currency forever

[Anonymous No.54392559]

>>54392488
They will be compensated in a stablecoin.

[Anonymous No.54392567]

>>54392439
>>54392501

Yes.

[Anonymous No.54392643]

>>54392439
I don't want to be relevant, I want to be happy

[sage No.54392686]

>>54392439
>t. meme country

[Anonymous No.54392707]

>>54392420
Isn't there some sort of US dollar shortage around the world? It would seem like these countries don't want to waste their dollars on things when the US comes to collect. It'll be inflation, until it isn't. We'll use deflation to make everyone our bitch again.

[Anonymous No.54392722]

>>54392686
>t. fat amerishart

[sage No.54392808]

>>54392722
yes we have niggers and are still better than you

[Anonymous No.54392828]

>>54392439
the average white american is much whiter than you, you poor shitskin balkan

[Anonymous No.54392870]

>>54392559
Do you have any idea how long it would take to count all physical dollars to compensate foreign usd holders.

It would completely destroy the us reputation for decades if not a century.

[Anonymous No.54392877]

>>54392488
They're worried about contagion from crypto to tradfi. I don't know what you're on about.

[Anonymous No.54392961]

>>54392877
CBDCs as the usa and euro boomers want them are actually front ends that look as a currency while the back end is still cash in a bank.

It's not what custodia bank wanted of 1-1 insured cash, it would actually make bankruns faster and they are dangerous as fuck in many other ways.

As for contagion from crypto to tradfi should i remind you that after they told paxos 80 billion treasuries backed stablecoin to fuck off a week later their 14th biggest bank went down due to lack of buyers for bonds?

They literally are shooting themselves in the foot due to not wanting to update their retarded systems, they got fucking bankruned on ach wires for fucks sake it does not get more clownish than that, with CBDCs they probably would have had 30 banks going down before they could have even reacted.

>inb4 they will back their CBDC fully on cash on the fed

yea that would destroy their bond markets

[Anonymous No.54393020]

>NGMI: the thread

[Anonymous No.54393098]

>>54392439
I will. I want the capital of Clown World to be moved to some other place, so all of the parasites and schemers can fuck off with it. Go take someone else's tax dollars profiteer on pointless wars. Go open crooked banks somewhere else. Go fuck with someone else's real estate market. Go call the immigrant hordes to some other shore. I don't care. I am not a beneficiary of American hegemony.

[Anonymous No.54393133]

>>54392828
>the average white american is much whiter than you, you poor shitskin balkan

[Anonymous No.54393252]

>>54393020
dont spoon feed them

[Anonymous No.54393871]

>>54392488
>the fed is extremly against CBDCs
lol
>as shown by the recent refusal to custodia bank trying to be 100% insured 1-1 in cash
lmao, even