10x bigger than Bitcoin, Tether, and Gold: China's Central Bank Digital Currency will dwarf them all
ฝัง
- เผยแพร่เมื่อ 11 ก.ย. 2024
- China is pushing Hong Kong as a global hub for Stablecoins, which are digital currencies backed by fiat money.
Western analysts correctly point out that China, uniquely among large economies, is aggressively building out the financial infrastructure and regulation for digital currencies, issued by the central bank. But these analyses err on a major point: the stablecoins issued by Hong Kong institutions will not be China-yuan denominated, as they assume. Instead, they will be denominated in US dollars, and will be a powerful driver of economic growth to the benefit of the Chinese financial system, and without exposing their own currency to outside speculators, seizure, or debt issuance.
To see how this may play out, consider the explosive growth of Tether, a stablecoin with stated US dollar reserves of $116 billion and 1-to-1 parity with the US dollar. The sudden rise and global acceptance of Tether serve as a playbook for Chinese banking regulators, who are sitting on nearly $4 trillion in US dollar reserves, with hopes to deploy these deep capital pools but without exposure to the Western banking system.
Resources and links:
Reuters, Tether's $100 billion stokes stablecoin stability concerns
www.reuters.co...
Learn how Tether (USDT) Makes Money
www.markets.co...
Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto
Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins
coingeek.com/h...
Tether’s Ascent: Breaking Down the Dominant Stablecoin's Growth
coinmetrics.su...
Forbes, The House Bans The Fed From Building A CBDC Like The Digital Yuan
www.forbes.com...
Reuters, What and where are Russia's $300 billion in reserves frozen in the West?
www.reuters.co...
China contends for the central position in the global economy
merics.org/en/...
ASEAN: The ultimate winner of a China-US rivalry (Part I)
www.thinkchina...
Tether Stablecoin Home Page
tether.to/en/
Closing scene, Hong Kong
You are a true gem. Not getting this quality of information anywhere else on the internet.
Agreed!!
exactly
The New Atlas, Geopolitical Economy Report...
@@theokingshangoThese two are too pedantic.
@@simonchowkwchow5083 yep could be more concise😅
The Ancient Chinese called this strategy "using barbarians to fight barbarians"
... or "你打你的，我打我的“ from the 'teacher'
@@verypleasantguyyour comment appears LoL
@@sinic1978 Most times, they stay hidden.
以胡製胡
以夷制夷
Everyday China amazes and impresses!
High educated people! 😂😂😂🎉
UAS kaput
DISGRACED DAILY YOU MEAN = fool
It's an offshore-Tether plan. Get over it.
This is what I’ve noticed. When China says it will do something, It does what it says it will do.
Seriously, and quietly.
Pootin too. Man of his words
And often doesn't say anything at all ... just acts.
Smart is dumb and dumb is smart.
these are serious states while “united states” are a covert ops mess + big PR
in recent decades, some dudes can get to the buffet table by shouting, promoting, selling whatever? So? 🤦♀🤦♀👻👻
i'd rather economically creative China had financial control than war fixated USA.
@@GordonDivine7 CIA Bot???
@@GordonDivine7 Yes, ask them, Taiwan is being sold billions in 'defence' hardware and has US military on their soil, Philippines is being overrun with US military bases, NONE of that will help either country, all of it is to benefit the US, just more proxies.
@@GordonDivine7 US has been at war with the world continuously for 222 years ..non stop ...check out your history ..
@@GordonDivine7 Taiwan is a part of china, and literally every country in the world recognizes that, Taiwan is just a glorified military outpost of the U.S
@@GordonDivine7 Tell me you are brainwashed victim of USA's propaganda without Tell me you are brainwashed victim of USA's propaganda
There are ultra intelligent and smart guys in the China government with long term visions.😂😂😂😂
Just hope the second third generation elite won't betray the country.
That's what governments should be, intelligent people in charge with respect for all countries.
Nah...nothing if you compared them to geniuses like Donald Trump. As for visions, who needs them when you have impressive golfing handicap? I believe that Joe Biden's golf handicap was initially 8, then he changed it to 6. That was during the "debate of the century" between the genius Donald Trump, and the stumbling, mumbling Joe Biden.
Name two
@@josephpa05 Joe Biden and Blinking.
I'm just that little bit more knowledgeable about global affairs, global business mechanics and global geopolitics since discovering this channel. Thank you. Mr Kevin Walmsley for sharing your knowledge.
Unbelievable! The multi polar world is here and working for us all right now! ❤️🇨🇳❤️🇷🇺💪🙏🏻
It's not multi-polar. It's non-polar ---- for the Chinese do not think linearly, unlike the West
@@verypleasantguy As someone put it, multi-nodal.
@@L98fiero Correct
China is playing a game of chess, while the US is playing checkers !!!
Wei-Qi, Chinese play Wei-Qi 👍🏼
If you look at Biden, then most likely the United States is not playing checkers, but "what does a finger pulled out of the ass smell like"!
The US of A is not even in the same league as China.
@@maxv1455ruSSia ❄️ is now the second best army in ruSSia ❄️
Comedy gold 😂
Checkers can be very competitive. I think US is playing tic-tac-toe. The reason why there is so many stalemates in US strategies.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
"The United States is now a poor country that thnks it's still a rich country. China is now a rich country that thinks it's still a poor country."
- Ray Dalio, multi-billionaire investor and founder of the world's most successful hedge fund
China will always maintain that it is not rich, as the Chinese understands *_"pride begat fall"_*
Dalio might have been right. But that was then, this is now.
Ray long ago lost relevance as macroeconomics evolved and he didn't.
No data supports the statement you quoted. The statement might reflect a perception but is not based on factual data.
@@tonysu8860 The US has a $35T debt, it is broke, it is just running on smoke and mirrors now.
100% accurate.
Clever Chinese!!
Now you know why America started those riots in Hong Kong. I wish Hong Kongers regain their senses, rebuild their city and become the financial centre of the world. In 1997 AFC, China stepped in to save Hong Kong and now it’s stepping in to make Hong Kong the great financial centre,
Think bigger, it is not just HongKong, Hongkong will merge into Guangdong-Hong Kong-Macao Greater Bay Area totally, all in the plan.
@@jxmai7687 There's no evidence HK or Macau will merge into mainland China. HK just
built and added new border/immigration crossing with all the infrastucture that goes with it. China does not invest heavily into something they dont plan to use.
Most regretted migrating to UK after the riots. They found out they have become third class citizen. Recent riots with the muslim is just the tip of the racialism over there. Its a matter of time before another riot over immigrants.
@@xmen2130 lol uSA didn’t start anything in Hong Kong. Give people in Hong Kong some credit.
There is a whole new generation of people coming into HK again. They are not part of the brain-washed gen who took part in the Pomepo/Taiwan led riots of HK. Those silly people have left to fight for societal and financial survival of their own in inflation/indebted/service lacking UK and Canada. HK is creating its new society and being back on the agenda again on the international financial industry where the REAL decisions are being made about NON-WESTERN world. HK will be part of the growth of this and be unstoppable again and again as it was.
Thank you Kevin
Wow, what a masterstroke!
Thanks Kevin, your analysis makes alot of sense👍
Interesting report! I hadn't followed Tether closely the last couple of years so this provided important insights into China's plans and Tether's success.
Assume there will also be a BRIC's digital currency not denominated in dollars to expedite trade between BRICS countries.
Each country within BRICS will keep a national currency -- it will not be replaced by anything like the EURO. The key is to avoid seizure and meddling from the likes of Raimondo and Yellen. 😂
We'll see what comes from summit in Kazan this October.
I agree. It will be interesting if China makes a USD available in the BRICS currency exchange.
Russia will hold the BRICS Summit in Kazan from October 22 to 24, 2024. Will be interesting to see.
@@doerayme2808 BRICS falling apart
China has now become the manufacturing superpower. It also need a robust financial system to back up this manufacturing and technological power. All of this is outlined in their 5 year plan, to develop their financial sector so they can have insulate themselves from the US and break western monopoly on financial services. It is also to protect the wealth of the country that were accumulated through wise governmentship, hard work and a superior economic and political system. More importantly, to use that financial system to further develop their real economy.The virtual economy of finance must be subordinate to the real economy of production.
Very wise remarks
Only one bitter remark - China works in its own interests. They won't care if other countries die, as long as China profits from that
China wants to control its money instead of letting bankerteers controlling it like in the USA. All countries should control their own central bank. I think China wants to use the interests to pay for the debt from the housing bubble. Don't remember where I heard it from.
The problem in using the dollar as the world’s currency while bypassing US controlled banks is the US spending deficits. Currently at 35 trillion and expanding at 2 trillion per year. This increasing deficit will at some point in time cause rapidly increasing inflation in dollar purchasing power. This makes dollar denominated multi-year contracts an unacceptable option. The Euro is in a similar position so it will also be an unsavory alternative to the dollar.
The US economy is collapsing in terms of purchasing power (note, the official government inflation rate has been manipulated down to obviously false rate. The real inflation rate experienced by US consumers is 10 times higher). This means the US economy in purchasing power is shrinking. If the government simply balanced the budget, the 2 trillion cut in spending would make the economy collapse. But the US will have to increase deficit spending, not decrease it. And when the economy recession hits, deficit spending will double. That’s why the dollar is in trouble and contracts written in dollars will also be in trouble.
There are a few things that might be going on here. One could be smoke and mirrors to ensure the smooth transition, the other is a moat where the USD in U.S. is only very loosely related than the USD being used in the stable coin. So it’s equivalent to what China is already doing but the other way around.
When us$ collapses, Chinese'll backstop with gold
You're improperly conflating spending deficits with the National Debt.
One incrementally increases while the other is the total aggregate amount.
The concept of debt should be understandable to even common folks, it's the idea of borrowing so that one doesn't have to wait to enjoy a benefit today and of course there is a cost for doing that.
Imagine what it would be like if you couldn't purchase your first home until after you retire.
Or, imagine what life would be like if you couldn't purchase your first vehicle until after more than a year, maybe multiple years working at your first job.
Debt is essential to improve productivity at all level, both at the personal and individual and at a very large level like all the government does and provides.
Not saying that debt should be reckless but as long as debt is reasonable, affordable and spent well, it's something everyone should agree is beneficial.
@@tonysu8860 Actually you are mistaken spending deficits is the main issues he is talking about, he is brining in total debt to represent the effects of compounding.
exactly the dollar is close to its ending, and there's really nothing US can do about it either except maybe increase inflation in a controlled manner to pay off their fixed amount debts that do not vary with inflation. I don't see any other way out.
Back in 2022 when btc was at its cycle low, people where saying btc is done for it's going below $15k US it's going to zero. Well it's down 25% from mid March ath 2024 and now everyone is shitting themselves. That doesn't make any logical sense especially for crypto.Its just a shake out phase, chill people go zoom out at old charts. We are at around 1.4 trillion market cap and only growing, just wait and see the price next year in March it will double....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Russell Greener, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
He mostly interacts on Telegrams, using the user-name,
@RussellGreener
I think you basically just have to research and study what kind of assets you want to Invest in and he is someone you can definitely rely on..
Russell Greener expertise is widely recognized across the internet, he's really a Pro.
Wow. I'm a bit perplexed seeing Russell Greener been mentioned here also. Didn’t know he has been good to so many people too, this is wonderful
Great analysis and explanation as always !
Thank you, Kevin. Was waiting for this!
P.S. This was brilliant. And btw, your videos have helped me connect many dots. Thank you.
Sue- in 7 years of your subscribed to TH-cam
You made one comment for Mr.Kevin I think he
Deserves it 👏👏👏 🇧🇭
Judging from the past experience, when China says that they would do something, it means that they have completed the evaluation, planning, have conducted many experts consultations and discussions. It is quite possible that the experiment has been carried out for years.
Study the 4th Industrial Revolution or Society 5.0. All planned by the controllers decades ago.
I am in China and they are really doing things the proper way. From foundation up they are just making things perfect and amazing and don’t shout about it. My money is on China. Invest here now before it’s too late.
China stocks are all scams
I’ve been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.
I will advice you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you I think that way your assets are more secure.
I’d recommend viola patterson , her profit is great even when there’s a dip
Hey i'm shocked you just mentioned and recommended viola patterson, i thought i was the only one trading with her
you dont need to be shocked haha because i'm also a huge beneficiary of her
Well, so much for the "dollar dominance" idea. This idea from China sounds very innovative.
Yes, I like it a lot! A US Dollar that cannot be sanctioned, only used for trade.
Wow, just wow!
What a great idea! A Eurodollar stablecoin. And for damn sure it will be compatible with mBridge.
Highly educational video about topics which are well hidden and thus not well understood. Question: the huge long position in USD, however, is at risk of effective “real” devaluation by the US, is that not correct?
Unless, the US is no longer in charge of its own currency… or economy. Perhaps already true, obviously bi-den Jo is not in charge, and kk is just an advertising symbol.
Theres plenty US busineses in Cn to keep $ afloat
@@WANDERER0070Yes but the devaluation of the US$ is imminent. The bubble is about to burst according to the latest stats. Sadly this bubble is bigger than the one we experienced in 2008. Best the USA starts to do some reverse trading and get the circulations on at least equal balance to absorb the expected impact. China has been very strategic and patient and now releasing the planned strategy, much like releasing a "virus".....Slowly penetrating. Just look at the Billions worth of investments last two weeks into the BRICS countries, especially agriculture and minerals. We must get ready for major shake-ups.
Let's be very clear about one thing. The "market" has been massively wrong on what the Fed should do with the funds rate for at least 2.5 years now. In early 2022 before the Fed even started hiking, the market was already forecasting rate cuts to happen by end of 2022. The market at the start of 2024 had 7 rate cuts for 2024. Laughable to suggest the Fed is the one that has been getting this wrong. It has proven out that they were right to start hiking in early 2022, aggressively ramp up that funds rate, and then keep it at the terminal rate until now. Also, the Fed on numerous occasions has stated that a recession will likely occur as a result of this hiking cycle. The market consensus has been no or soft landing, which is another thing they will be massively wrong on...........I've been engaged in active trading and managed to grow a nest egg of around 140k to a decent 539k....I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
MiIton Harper program is widely available online..
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience..
Building a good investment portfolio is more complex so I would recommend you seek MiIton support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
I appreciate the professionalism and dedication of the team behind Milton’s trade signal service.
Building a good investment portfolio is more complex so I would recommend you seek MiIton support.
China saw that the way out of poverty, for their people was education, Will they get 800 million people out of abject poverty in less than 20 years. Knowledge is power excellent video.
Why is there unemployment rate so high?
This is fascinating stuff!! As an investor there are some fascinating possibilities opening up. But what are they? China basically taking over the eurodollar. In the medium term I would say that it is possible for the US to lose control over its own system.....
Creating a cyber currency like tether by China to avoid censure or detection is not the biggest problem, the problem is US dollar itself.
China is just earning too many dollars and everybody can tell dollar is going to be worthless soon as Americans continue to run huge deficits in budget and trades.
This is because China has no intention to invade Taiwan despite Americans wish they do so sanctions can be imposed.
But the threat of dollar collapse is real and is getting closer.
That's why china is buying real assets across the world (critical mines etc) using these currencies
AWESOME FOR MOTHERLAND, CHINA ALL THE WAY!👍🏼🇨🇳🌏☮️🙂❗️
The USA Feds has shifted from its 2 main functional objectives (inflation and employment) to instead protecting the value of the USD in the Forex markets which every forex player could smell. Imagine when the time comes to dump the USD all around the world and world trade outside the USA beig conducted in every other currency whether fiat or digital. The Bond/Treasuries market will crash and everything goes down in a spiral just like what happened to every heavily indebted country around the world for the past centuries. Its time to get prepared just like China whether rich or poor to survive the turbulent times acoming. If you're just having assets in USD, its time to derisk those assets to anything of tangible value other than just fiat currency or bonds.
The main 2 functions of the Fed today is to protect the US government's huge Treasury issuance from seizing up, and to prevent stock market crashes. Each time there's a hint of either, the Fed prints trillions of dollars to buy that crap (US Treasuries or US stocks). Now it's tens-of-trillions of new dollars created, sometimes in just a few days! So the US has high price inflation compared to China.
I think this topic needs a lot more detail than Kevin’s quick 10 minute description.
Kevin says he likes to keep his videos within 8 min, so that there is no commercial popping in.
Yes, that is true. Kevin has opened our eyes. It is now up to us, not Kevin, to gather more information and see if it something we want to invest in.
Go ahead, please provide more details.
@@mandrews1245 true. What I do not understand is how the US cannot confiscate those Chinese held USD. Or do like Modi and switch to a new currency where you are forced to hand in your old USD for new USD.
Great reporting as usual. You are the best
Hello Kevin, been hearing more and more about CBDC and social credit scores. Can you speak on the subject? So much disinformation here in the US, need inside perspective. Thank you
Yes Kevin. You are the only reliable source.
No such social credit scores in China. In the US perhaps? Google Jerry's take on China - I think he did a video on this. Social credit scores, like jeno side in Xinjiang have been thoroughly debunked.
I agree. Jerry has already put out a few videos on the fake social credit score that was made up the West to try to discredit China @@PhiloSurfer
China’s overseas assets as year 2023 are about USD $ 10 trillion according to Professor 金灿荣and that’s only in factories ,mines, seaports,airports, highways, CBDs ….not including cash assets 😊
Yes, that is very intelligent move. Converting fickle currencies into real world strategic assets.
幹得好 !!!
Thank you so much for this valuable information. Greetings from Germany
It's sad to see Germany, which is one of my favourite country getting stuck in a pool of mud.
This is an interesting development. My impression is that the Chinese CBDC will be trackable to stop all scams and, at the same time, speed up transactions. If using Tether, will they be able to track the money flow and arrest the scammers? I see the advantage of the coins being denominated by the USD reserve they have. Smart.
Top stuff Kevin, simply top stuff. Very well presented as always. Stay safe !!
Wow what a brilliant strategy using the USD to work for China's digital financial system, rather than have these US treasuries and bonds sit idle in banks they are put to good use-this is how chinese think, they alway look to make assets work for them rather than let them sit idle.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
Thanks to Mr Mark Hutchinson .
He's a licensed broker here in the states
I Started with 5,000$ and Withdrew profits
89,000$
Mark Hutchinson I really appreciate he's efforts and transparency.
I remember giving him my first savings $20000 and he opened a brokerage account for me it turned out to be the best thing that ever happened to me.
Great lectures. I always look forward to watching your videos. $4.1 trillion! That is what US incinerated in Iraq and Afghanistan for 20 years. "China owns supply chains". You've been hitting on that over and over. That is what needs to shouted into the ears of US leaders and politicians every morning so that they can develop smart policies instead of knee jerk sanctions.
My main concern is how to survive all of these financial and political crisis, especially in light of the US political power scuffle. The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance.
I'm glad you made this comment, I can recall when I was homeless and faced with many things in life until $75,000 biweekly began rolling in and my Life went from A homeless nobody to a different person with good things to offer!!!! !!
@@SashaGebremikaelWow, that is huge, how do you earn that much a month? I am 37 years old and have been looking for ways to be successful, please how??
I thank Judy Marion Then who has always been there to help me with detailed analysis and recommendations that I would not have had access to otherwise.
@@CederickMessiasYES! That is exactly her name (JUDY MARION THEN). I saw her interview on CNN News and so many people highly recommended her and her trading skills❤️
After raising 325k from trading with her, I bought a new house and car here in the states and also paid for my son's (Oscar) surgery, Glory be to God. Shalom
That is using one's lance to pierce through one's own shield. I suppose it's twice the pain for the wounded.
The best content of this type anywhere on the Internet! Concise, extremely information dense, and excellent presentation. Kevin, yours is the first site I visit every day.
Kevin, I Love this. You amaze me in every vid you make. China is making miracle and take the world to next level everyday.
my impression is that all of the world leaders and the elitists are working together and playing a tough role to the people
🎯 Key points for quick navigation:
00:15:49 *Problemas económicos en China*
01:53:00 *Reservas en dólares*
03:09:00 *China y moneda digital*
Made with HARPA AI
now one would expect to see us$ being moved to tether...very interesting...
Makes sense to bypass swift gatekeeping. But at some point the international currency system will benefit from decoupling fed inflation.
You do realize they will be using a basket of currencies, commodities and crypto currencies for their digital currency.
Basket of currencies is still in the planning stages but tether is proven to work. Also who's to say tether or a dollar backed digital currency by China can't be the liquidity provider to settle the trade between the Basket of currency? Seems like its the most efficient way of making the Basket of currency to actually operate smoothly.
@@user-rj2hu1dc7s tether has not built out anything or any ability to transfer. xrp hadera and xlm are building out these rails for global finance.
Bitcoin and gold are decentralized and are finite.
Much better than “digital currencies”
What happens if the USD collapses? Or depreciates quickly due to their debt problems? How will tether be affected?
Tether is not an investment. It is a way to do do trade bypassing US or other central bank systems.
Thank you for your excellent commentary. Lots to digest .... For sure!!
I just recently discovered your channel and love this perspective as I try to figure out the world.
Tether >backs by> dollars > backs by US debts. US debts live on longer, no ?
You forget one thing control by chinese
I believe in China and Russia for everyone to eat and live good.. The dollar would be equal to all other currencies..
I’m not sure about continuing to rely on US dollars as the store of value. That would be putting too much faith in politicians in the US to manage the dollar wisely. I also don’t see how dollar reserves could be sanction-proof. If I’m holding a digital coin that a bank in Hong Kong promises to exchange for USD whenever I want to cash out, but then the Hong Kong bank is sanctioned by the US, how could I get my dollars without violating sanctions?
Hong Kong is wearing the Peacock Crown 👍♥️🇨🇳
One of your best videos.
Wow, it’s truly over for the west
ETH 💪 Bro 😃👊
ETH Zurich?
Meanwhile the US is $35 trillion is debt...and spending like a drunken sailor on stupid wars.
Will the BRICS issue a stable coin that's gold backed?
Tether is like holding cash , you own it, but it has the convenience and speed of digital. When you have a bank account holding USD, you don't own it, it's actually just a number on a ledger spreadsheet. Chinese central bank owns no USD. All they have is an account at the US central bank.
My understanding is that China brought the USD, cash home.
I love it he is really good, hope hear him soon😅😅😅
I believe the Chinese will not blatantly use the dollar
But will use many currency just like Tether.
It will use China Yuan, Russia Rubble, Saudi Real, and other BRICS currency
and perhaps Japanese Yen, Euro & also USD.
Class....
I noticed you did not mention tethers use of bitcoin reserves
Totally love your channel!
Brilliant and informative without music thank you!
I'm learning a lot from you, thanks.
Who is behind tether and the architecture?
Tether is based on Ethereum ecosystem
🎉🎉🎉brilliant report! Thank you!
Fed and Congress said no to CBDC backed by the US $$. But soon we'll have to go gold-backed. Then they'll introduce the CBDCs. Whole nother situation.
Israelistan has no gold other than what it has recently stolen its all gone. ISRAEL🇺🇸ISTAN has manipulated gold to prop up the SHEKEL it is creating a COIN for business while resisting a daily use coin.
So how does one Invest in tether ?
I never miss a single video you post......by far the most useful info in small bytes.....thanks Kevin
wtf I thought China has been dumping dollar reserves and bonds… but they got $3 trillions?
China has more than $4 trillion USD. It keeps USD to stabilize the Yuan. That is my understanding. Maybe someone can explain it better.
That actually made perfect sense. All good news
And what anchors the currency? Why does China hold an estimated +40,000 Tons of undeclared Gold, for tradition?
But one you guys has to remember the history of money where's come from or which countries using first it's China the first country to using money for trade not dollars or pounds or yen or euro
All I can say is …. Hahahahahahahaha now, how can I swap out my Bitcoin for this? I know all about Tether, I use it daily
Using USD to build their infrastructure and military.
must watch this several times to get my head around it all..great stuff!
Realy enjoy this high qality content
HOLD ON......What if the US demonetizes all existing denominations of the dollar and reissue them as digital or with a different face appearance.. What happens to all the existing dollars held by foreign countries including that of China. Can you still trade with dollars with old currencies as reserve that has been demonetized.
😅❤ China byis the big brother, "tai koh ah long" of money lending, it is now collecting interest for it people of old age, education, social security, medical and national defence. That good forward thinking of China. Thanks kevin for yr good input.😅
The Yuan is already pegged to the USD so it doesn't need Tether.
Well, according to chopsticks and trains, he believes that he needs your approval 😂😂😂😂
Crypto is alive and kicking. Stable coin backed by asset makes sense.
This is one of your greatest videos
Over there walking around like an illegal immigrant in China. I don't think the dating scene is going to well for this guy.
Excellent info. One correction. Tether was launched in October of 2014. It is nearly ten years old.
Thank you Kevin.
Excellent analysis site !