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Re:China’s Economy to Reap Benefits That Once Flowed to U.S by njarboe on Monday December 24, 2018 @02:04PM (#18753682)
Until the people in corrupt countries are storing their wealth in Yuan and not dollars, the US is still in control of the biggest prize. There is a reason that the richest people in the world (especially the Chinese) spend a lot of time and effort getting some large fraction of their wealth into western jurisdictions, and in particular Anglo-Saxon jurisdictions (UK, USA, Canada, Australia). Those places have the longest history of respecting the rule of law and property rights(Switzerland excepted). How long can a political system last when a huge fraction of the wealthiest people living in it are afraid of it?
Re:China’s Economy to Reap Benefits That Once Flowed to U.S by sys_64738 on Monday December 24, 2018 @03:15PM (#18754050)
This. The dollar and euro are the rocks of stability in the currency market. To convert your money to yuan is the same as giving your money to the Chinese Communists.