How China quietly destroyed Washington's best weapon...
Statrys
62,335 views
Your playbook for doing business in Asia : https://statrys.com/youtube?v=wN5EeDo...
Open a business account: https://statrys.com/getstarted?utm_so...
0:00 Intro
1:23 The Wrong Number
3:32 The Escape Hatch
5:56 Who Actually Uses It
8:55 The Honest Limit
11:52 What Lands on Your Invoice
Since 1945, the dollar has been the money the world runs on. It also works as a weapon. Washington cut Iran off in 2018 and its currency collapsed within months. Russia got the same treatment in 2022.
Governments everywhere took the hint. Saudi Arabia and the UAE now settle oil deals in yuan. Neither has ever been sanctioned. Close to 30% of China's trade is now paid in yuan, triple what it was in 2017.
In this video I explain how China built an escape route from the dollar, why America's closest allies are using it anyway, and why Beijing itself is quietly betting on gold. If you pay a Chinese supplier, part of this story is already on your invoice.
#Yuan #Dollar #China
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Bertrand popping up with my favourite videos, weekly!
How China quietly destroyed Washington's best weapon...
Statrys
62,335 views
Your playbook for doing business in Asia : https://statrys.com/youtube?v=wN5EeDo...
Open a business account: https://statrys.com/getstarted?utm_so...
0:00 Intro
1:23 The Wrong Number
3:32 The Escape Hatch
5:56 Who Actually Uses It
8:55 The Honest Limit
11:52 What Lands on Your Invoice
Since 1945, the dollar has been the money the world runs on. It also works as a weapon. Washington cut Iran off in 2018 and its currency collapsed within months. Russia got the same treatment in 2022.
Governments everywhere took the hint. Saudi Arabia and the UAE now settle oil deals in yuan. Neither has ever been sanctioned. Close to 30% of China's trade is now paid in yuan, triple what it was in 2017.
In this video I explain how China built an escape route from the dollar, why America's closest allies are using it anyway, and why Beijing itself is quietly betting on gold. If you pay a Chinese supplier, part of this story is already on your invoice.
#Yuan #Dollar #China