Comments by "HKim0072" (@HKim0072) on "BRICS - China's New Alliance Will FAIL" video.

  1. There are 2 things to understand about currency: 1- it’s a zero sum game. If something goes down, another has to go up. People always talk about the dollar is going to depreciate, but what currency will go up proportionally 2- reserve currency: no one wants to hang onto currency and just let it sit there. A future return is wanted. Don’t think the Saudis want to buy a Chinese soccer team or crappy Chinese real estate
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  2. It’s very ambiguous when people talk about currency. Reserve vs cross border transactions vs finance Yuan has taken over the dollar in cross border transactions.
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  3.  @Morally_Immoral2  Yuan overtakes dollar to become most-used currency in China's cross-border transactions Reuters April 26, 20237:13 AM EDT Again, currency is very complex.
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