For the FIRST TIME, the yuan, used in 49% of China’s cross-border transactions last quarter, outpaced the dollar…

Sharing is Caring!

The yuan was used in 49% of China's cross-border transactions last quarter, topping the dollar for the first time

This is huge news

Many continue to be in denial

The worlds second-largest economy has the dollar in its cross hairs and is stockpiling gold

Enjoy the wild ride

— Gold Telegraph ⚡ (@GoldTelegraph_) July 25, 2023

Here you go: https://t.co/bKtgGqjrsD

— Gold Telegraph ⚡ (@GoldTelegraph_) July 25, 2023

See also Swiss print 3x less money than Canada, Canadian dollar drops 67%. COVID spending fueled food inflation.

See also Oh, sure, another bull run sounds totally likely with sky-high stock prices and a crumbling economy. Santa comes to town or this house of cards explodes at all time highs?

h/t thetimeisgold