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re: How likely is the USD to lose its world reserve currency status?
Posted on 3/27/23 at 1:23 pm to Corinthians420
Posted on 3/27/23 at 1:23 pm to Corinthians420
quote:
yet the Chinese Yuan is still worth a fraction of the US dollar and every time the dollar drops the Yuan also drops.
That’s what they and others are working to alter.
quote:
this trend of people acting like China is overtaking the US as a world power is a hilarious fascination by "conservatives"
No, it’s just observation of movements and discussing the possible implications.
quote:
you want China to be some utopia you can point to but it isn't.
No, that’s in your head.
quote:
China sucks and is facing the same economic struggles as us. the entire world's economy is fricked since covid.
Not really. And there are greater and more forces at play here than COVID. Energy is just one.
1
Posted on 3/27/23 at 1:29 pm to LuckyTiger
quote:
Not really. And there are greater and more forces at play here than COVID. Energy is just one.
if you are gonna find a currency to take over the dollar, you need to pick a better one than the Yuan. China's economy has the same problem as the US.
they just raised their retirement age because they don't have enough younger working people to support their aging population
quote:
China's National Health Commission expects the cohort of people aged 60 and over to rise from 280 million to more than 400 million by 2035 - equal to the entire current populations of Britain and the United States combined.
At present, each retiree is supported by the contributions of five workers. The ratio is half what it was a decade ago and is trending towards 4-to-1 in 2030 and 2-to-1 in 2050.
This post was edited on 3/27/23 at 1:31 pm
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