In the last few days there have been announcements that, first, France then OPEC countries and Saudi Arabia had all decided to pay for goods and services with the Chinese Yuan,
China may have dreams of supplanting the US as the premier debt instrument (and with the current US administration it will surely go a long way towards it) but there are a number of figures to elude in the calculations.
Additional links to accompany the video:
Countries most in debt to China;
Marketwatch, going liquid on cash:
When might the US default?
China, currency manipulator?
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