While you think it is dying, american just printed millions to buy our gloves

it is not that easy. Dollar collapse means the world economy will die together. Else China suka suka can throw USD to teach US a lesson.

everyone (countries) is holding so much USD. killing off USD will mean wiping out (big) part of their reserves. and trying to let go their USD, if significant... will cause downward pressure.. and may prompt others to throw their USD too, indirectly crashing USD... same thing as killing off USD. best thing is slowly move away from USD...

This post has been edited by duHwaN: Jan 15 2020, 11:30 AM

if not wrong that day I saw the news saying china cash out 700mil USD of the foreign reserve to boost their economy

lol

good luck

Hahahahahahahahahahahaha

No.

they have good education system
no wonder all business minded

Ts,

Tell me which bank u work for ? I wanna invest la..

nice but unfortunately for export based economies..........u are f-ed.
I recommend everyone buy yuan.

This post has been edited by Phoenix_KL: Jan 15 2020, 11:45 AM

China got over 3 trillion usd reserve = 3000bil usd

700mil = 0.7 bil

yea they are the one that holds the largest portion of USD amoung all countries

i hope China burn more of their USD reserve .....

USD is a trading currency. Impossible to replace it.

Until the world economy start using alternative currency substantially to settle their trades, USD is so safe other developing countries will bankrupt first before USD shows any signs of trouble.

when they throw away more than 30% of the usd reserve

i believe the remaining 60% of their reserve value will reduce to 40% or even lower

is a double edge sword

everyone loses

US dollar hard to counterfeit.

Yea right

The actual problem USA is having with China is China die die does not want to teach them "this lesson"

Not possible, if the US dollar dies the world economy is doomed that day. Many currencies are backed by the US dollar.

because too much money in RMB gone into wrong things.

Rise of Bitcoin? Bitcoin about half of its peak lol

You'll lose your job first before that happens lol

so many people want china to teach USA a lesson but if china really teach then many will be jobless here

If USD kelong, MYR will be GGWP.

Petrodollar in the traditional sense is dead since America is the largest producer of oil now with shale technology.
They have largest reserve of gold so in reality it won't matter.

Don't be happy to early

If Saudi did that then their royal family regime going to topple by CIA soon, their fate going to be the same like Gaddafi and Saddam Hussein