On 5/2/2022 1:46 am, Rusty Wyse wrote:
Nathan James
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Geopolitical pundit and blogger.Jan 29
Will Americans lose our standard of living if China took over economically, and would they replace our dollar with the yuan?
Let’s understand one thing: The US Dollar as global reserve currency has paid for America’s lavish lifestyle over the past half century.
The US Dollar as global reserve currency has allowed America to print money without end. This is how America gets away with blowing up its national debt into the stratosphere (currently at $30 trillion).
When China overtakes America as the dominant world economic power, the US Dollar will lose its global reserve currency status. America’s financial house of cards will come tumbling down.
Yes, you will lose your standard of living.
Many countries have already started moving away from the US Dollar and towards the Euro or RMB. China’s CBDC is hastening the process.
US dollar will be replaced as soon as the Yuan in RMB is used in the international transaction system by countries with China. US will be out
of control of their own swift system and will die off in matter of time.
American has a lost its standard of living and now have to pay more and
more for their daily necessitates that associated with their lives such
as gasoline, parts, imported foods, and others imports not only from
China but from the world, too.
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