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re: China calling the shots in Zimbabwe
Posted on 11/21/17 at 5:38 pm to JLivermore
Posted on 11/21/17 at 5:38 pm to JLivermore
Did the Chinese just let the yuan sink in value?
They like a weak currency.
They like a weak currency.
1
Posted on 11/21/17 at 6:48 pm to Stingray
My concern is more general.
History has shown that the country with the biggest global presence (including strongest army, navy etc) is usually the defacto reserve currency.
The Greeks, romans, Byzantines,Dutch, French, British all had their turn over the course of history.
Zimbabwe, by itself, might not really matter. However, China taking over a lot more in Africa and the Asia pacific is a concerning development, IMO, if we want to maintain our economic, military and cultural dominance on a global level, and to keep one chef in the kitchen.
History has shown that the country with the biggest global presence (including strongest army, navy etc) is usually the defacto reserve currency.
The Greeks, romans, Byzantines,Dutch, French, British all had their turn over the course of history.
Zimbabwe, by itself, might not really matter. However, China taking over a lot more in Africa and the Asia pacific is a concerning development, IMO, if we want to maintain our economic, military and cultural dominance on a global level, and to keep one chef in the kitchen.
This post was edited on 11/21/17 at 6:51 pm
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