chinese currency on its way!, page-3

oh what a joke the Chinese currency as a reserve currency

china prints at 25% a year its a fixed currency and other than a lot of African countries it has few allies

so how the heck is China going to become the reserve currency

The level of economic literacy these days among investors is so poor that any ridiculous idea get a run

To be reserve currency you would ahve to get the support of more than 50% (but probably closer to 75% ) of global traders nations transactions

You would have conduct a Bretton Woods 3 you would have to retire the old regime and you would have to somehow get back the 90% of gold that the US controls either via direct reserves, via the IMF or sovereign deposits

I want some of what people are smoking