Comments by "Kam sun Leong" (@kamsunleong6648) on "China’s Nightmare Begins: Yuan May Devalue 50%, Trump Could Impose 60% Tariffs Next" video.

  1. According to SWIFT 2024 data, the yuan is the fourth most active currency by value for global payments. It accounts for 4.74% of global settlement, ranking behind USD, Euro and Japanese yen. With more of their trading partners willing to settle their trade transactions either in yuan or their own currencies rather than USD, it is estimated the yuan could overtake the yen very soon. There is a emerging trend of dedollarisation among many trading nations in the global south and Asean. Weaponising the dollar and imposing unilateral sanctions have consequences.
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  2. New Caledonia, Tahiti, Guam, Hawaii, Diego Garcia should also be given back to the natives. In fact the whole of North America should be given back
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  3. ​ @Search4Help  True. US should stay away and see what's happening in their own backyard. China is already all over in Latin America. They just opened the Chancay deepsea port in Peru. Largest in Latin America. Now imports and exports to and from Asia don't have to go through US ports in LA. Shipping time reduced from 38 days to 26 days. Huge opportunity for Peru and the rest to tap into the giant Asian market.
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  4. According to SWIFT( Society for Worldwide Interbank Finamcial Telecommunication) 2024 data, the Chinese yuan is the fourth most active currency by value for global payments. It accounts for 4.74% of total global trade settlement. It ranks only behind USD, EURO and the Japanese yen while surpassing . It is estimated that in a couple of years the yuan will overtake the yen to take third place. With more of their trading partners opting to settle in either yuan or their own currencies, I don't see the fall of the yuan anytime soon.
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  5. Champion of printing : US Treasury.
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  6. ​ @richardacevedo280  According to SWIFT 2024 data, the Yuan is the fourth most active currency by value, for global payments. It accounts for 4.74% share in global trade settlement. Ranking behind the USD, EURO and Japanese Yen. BRICS should adopt the yuan as their currency.
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  7. There's no force on earth that can stop an idea whose time has come : Victor Hugo According to SWIFT 2024 data, the Chinese yuan is already the fourth most active currency by value for global payments. Accounting for 4.74% of total global payments. With more of their trading partners willing to settle in either yuan or own currencies , rather than in USD, BRICS is in a very good situation. When you weaponise your dollar and threatened tariffs and sanctions left , right and centre, there will be a backlash.
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  8. You better not. There's already a growing trend among many trading nations to reduce their usage of the USD for trade settlement. They prefer to settle in their own currency or the yuan if with China. The yuan already accounts for 4.74% of total global payments in value. Making it the fourth most active currency used. This is apparent in Asean and the Global South. BRICS plus is in a good position. When you weaponise your dollar and impose unilateral sanctions, thetr will be a backlash sooner or later.
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  9. The Chinese yuan is the fourth most active currency for global payments by value, with a 4.74% share. This is according to SWIFT latest data.
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  10. ​ @harryviking6347  The Chinese yuan is the fourth most active currency for global payments by value, with a 4.74% share. This is according to SWIFT 2024 data. Looks like a lot of businesses out there like their monopoly money.
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  11. ​ @Search4Help  It's the fourth most active currency for global payments by value. According to SWIFT 2024 data. It has a 4.74% share of total global payments. Looks like a lot of businesses out there like their paper dragons.
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  12. ​ @Search4Help  Trump did the same when he was President. He thought trade wars are easy to win. You may not be aware that there is a growing trend in Asean and the Global South to reduce the usage of the dollar for trade settlement among themselves and with China. Internationalization of the yuan is a fairly new development. The 5% won't stay the same given the mood of many trading nations to prefer paying in their own currencies or yuan if dealing with China. These are the consequences of actions by the US to weaponise the dollar and impose unilateral sanctions. It's not a one way street, like before.
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  13. ​ @Brian--0311  But you used them all the time.
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