i have this fantasy that ayam become PM11 and overhaul education from kindergarden to uni. Also, I force all type M kids to learn Mandarin.

20 Years later Malaysia become Asia superpower
#inhale weed

I didnt know you were Nurul Izzah Anwar dupe

CC Nurul Izzah fanclub committee members joek hotdayum eds2 xcm

bodo

ayam like big tete amoi, nur Izzah where got like big tete amoi?

You no need worry la. China have no intention of taking over reserve currency role. US can maintain that. China just want a payment system that's free from US control and sanction. That's all.

Reserve currency is an exorbitant privilege that will inevitably lead to higher debt and deindustrialization.

Elaborate a bit, China wants a multipolar world to avoid falling into same world sole superpower trap that is experienced by UK and US. USD can keep its reserve currency status, while China wanna keep its industrial production capacity.

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https://ict-pulse.com/2025/04/digital-rmb-v...ent-settlement/ - DIGITAL RMB VS SWIFT: THE EMERGING TECH-BACKED DISRUPTION OF CROSS-BORDER PAYMENT SETTLEMENT
Posted by Michele Marius | 4 Apr 2025 
....
SWIFT? WHAT IS IT?

The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system is a global messaging network that financial institutions use to securely exchange information and instructions for financial transactions, which is considered the backbone of international money transfers. ...

Due to the well-established network of over 10,000 financial institutions in over 200 countries worldwide, its robust security, standardised messaging format and interoperability across different market infrastructures, languages, networks and asset types, SWIFT has become a trusted system for international financial transactions. However, it also has some drawbacks (eg slow).

SO WHAT’S SO SPECIAL ABOUT A DIGITAL RMB?

The Chinese renminbi (RMB), which is the official currency of China, also has a digital equivalent known as the e-CNY (or Digital Currency Electronic Payment, DCEP), a central bank digital currency (CBDC) issued by the People’s Bank of China (PBOC). Similar to other CBDCs, of which we have a few in the Caribbean region, it is a digital version of the RMB, with its value pegged 1:1 to the physical or fiat currency. ....

Can you trust CCP China-owned the People's Bank Of China, their Central Bank, with your Digital RMB, eg your business funds in Digital RMB kena frozen or confiscated by CCP China for various political reasons.? Will it turn out to be another Mt Gox or FTX (Sam Bankman-Fried) wrt cryptocoin fraud.?

Let's wait-and-see if global businesses will dump Swift for Digital RMB.
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Why Western media are very quiet about this?

TLDR:
- This new system is going to bypass SWIFT
- Handling fee will drop by 98% compared to SWIFT
- <10 secs clearing speed vs. 3 to 5 days for SWIFT
- Transactions are TRACEABLE unlike cryptocurrency so cannot do money laundering
- 38% of world trade volume can be settled using this cross-border system, will potentially de-value US dollar!

That fellow dont know that partly escalate the de dollarization is because many countries finally see how SWIFT can be weaponized. In the end, no system is safe these days. Only trust on the contemporary politics....

inbe4, you bukan economist.

But at least i watch how economists commented on it.

You no need worry la. China have no intention of taking over reserve currency role. US can maintain that. China just want a payment system that's free from US control and sanction. That's all.

Reserve currency is an exorbitant privilege that will inevitably lead to higher debt and deindustrialization.

Elaborate a bit, China wants a multipolar world to avoid falling into same world sole superpower trap that is experienced by UK and US. USD can keep its reserve currency status, while China wanna keep its industrial production capacity.

All in la.. dollar will lose it's value. Rmb go to the moon...

Ya ok so based on your explanation, the currency reserve country kennot any how nor have the authority to ban/freeze/seize other countries  from using their currency for whatever reason.

Desmond put the example of US sanction/freeze/seize asset of other countries eg Iran, Afghan & more importantly Russia who got USD 300bil of russian central bank asset but you said his understanding was "mistaken". I just don't understand what he was mistaken here

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Fyi, .......

https://www.reuters.com/business/finance/eu...say-2025-05-02/ - europe-hand-billions-frozen-russian-cash to -western-investors, sources-say - 2025-05-02
BRUSSELS, May 2 (Reuters) - Euroclear plans to seize and redistribute about 3 billion euros ($3.4 billion) of Russia's funds that are frozen at the Belgian clearing firm after Moscow grabbed investor cash in Russia, according to documents seen by Reuters and people familiar with the matter.

The money will be used to compensate Western investors after Moscow seized cash held in Russia in recent months, three people said, escalating attempts by both sides to recoup billions in funds affected by the war in Ukraine. ...

The planned Belgian payout was triggered by Russian government orders to confiscate billions from Western investors last year. ....

Russian Central Bank and companies deposited money in EU banks = kena frozen and confiscated after the Ukraine-Russia War started.

European companies deposited money in Russian banks pun kena confiscated.

= "A fool and his money are soon parted."
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Ayam switched sides liao to Gobind

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Didn't CCP China also just weaponized its export of critical minerals to USA, the EU and other countries.?

Do you support Russia and its allies North Korea, CCP China and Iran, the so-called New Axis Of Evil.?
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That fellow dont know that partly escalate the de dollarization is because many countries finally see how SWIFT can be weaponized. In the end, no system is safe these days. Only trust on the contemporary politics....

inbe4, you bukan economist.

But at least i watch how economists commented on it.

.
Didn't CCP China also just weaponized its export of critical minerals to USA, the EU and other countries.?

Do you support Russia and its allies North Korea, CCP China and Iran, the so-called New Axis Of Evil.?
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Really? you trying look for the good guy in their fights?

i have this fantasy that ayam become PM11 and overhaul education from kindergarden to uni. Also, I force all type M kids to learn Mandarin.

20 Years later Malaysia become Asia superpower
#inhale weed

.
Didn't CCP China also just weaponized its export of critical minerals to USA, the EU and other countries.?

Do you support Russia and its allies North Korea, CCP China and Iran, the so-called New Axis Of Evil.?
.
.

What did Russia, North Korea, Iran and China do until they deserve to be called Axis of Evil?

Which country is causing wars everywhere and they are the good guys?