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Bring_Bring_Duh_Ello t1_jeag7yb wrote

Reply to comment by Elsewhere3000 in Brazil, China strike trade deal agreement to ditch US dollar by loggiews

  1. To be clear the yuan is not even among the top 4 reserve currencies which are USD, Euro, Pound and Swiss franc.

  2. Government transparency - how many people truly understand the dynamics behind the Yuan? Maybe 35 members on the China State Council (if that). The lack of transparency will be a major drawback against the Yaun.

  3. As Chinese middle class expands more Chinese are likely to spend in the worlds number one economy, or the US. Which will in turn result in US companies selling more to China. These demographics and economic factors only add, not subtract, from the strength of the USD.

  4. The USD stands on solid bedrock of the 310M population whereas the Yuan is spread across 1.3B Chinese who are not only aging as a population but will begin to demand more rights. Social unrest and political pressure are coming in the mid to near term

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