China - De dollarization strategy to reach world supremacy

CA 3 SPAIN China - De dollarization strategy to reach world supremacy 14,681 views •Apr 27, 2021 533 16 Share Save Tie Finance 690 subscribers China has different de-dollarization strategies. It’ s consolidating as a new superpower, it needs to consolidate a set of tasks before. China has reduced it’s bilateral trade in UDS with Russia and is dumping US treasuries. Interestingly, the export-heavy nation has reduced its Treasury's in recent years, selling off close to $600 billion of them. Part of its strategy is to keep its domestic currency from strengthening this keeps labor force very competitive and rises industrialization. China has grown it’s economy at sustainable rates it needs this growth to raise its people low standard of living. The US dollar has already expired it’s benefits as a reserve currency, but not it’s convenience. China is the top gold producer with 380 tonnes of yellow metal mined in 2020 In the 1st Quarter of 2020 the dollar share of trade between Russia and China Fell 50%* Diversification of currency. The government is expected to announce the infrastructure funding of as much as $563 billion this year China will invest an estimated $1.4 trillion over six years to 2025. the investment drive will reduce China’s dependence on foreign technology. AI, IoT, 5G, High voltaje lines, speed rails consolidating its Digital autonomy by 2030 in (IoT, AI, 5G, Big Data) Chinese cross-border interbank payment system CIPS vs. SWIFT challenging western payment systems. ONE BELT ONE ROAD SILK ROAD China will cement its position at the center of a new economic order with all roads leading to Beijing Interconnectivity between Asian countries: vital to economic growth. Positions Asia as the economic center of gravity AIIB Multilateral development Infrastructure bank Aims to fill 3 trillion + gap on infrastructure Project: ”One Belt One Road” “Silk Road” The first time U.S is being isolated from a multilateral financial project of this scale ADR: Represents a basket of currencies and gold, with the Chinese Renminbi heavily prominent in the mix. US dollar weighted at below 20%. Driven by blockchain technology Will this lead to China – U.S relations to deteriorate even more? 0:00​ Intro 0:57​ Inflation 1:13​ Historical Background 4:40​ Dollar default 1971 Richard Nixon 5:17​ Charles De Gaulle, the gold standard and the us dollar privilege 7:23​ International Monetary Fund SDR Special Drawing Rights 10:38​ Us Dollar and Oil Saudi Arabia US deal 13:48​ The petrodollar system 17:00​ Main US debt Holders 19:13​ Can China "weaponize" it's debt holdings against the us 22:54​ What are the dollar weaknesses? 26:16​ AIIB Fact sheet 29:45​ China Strategy Checklist 35:30​ Asian Drawing Rights ADR Support the channel https://www.paypal.com/paypalme/tiefi...​ Follow - Social Media: Twitter: https://twitter.com/FinanceTie​ Facebook: https://www.facebook.com/tiefinance​ Instagram https://www.instagram.com/tiefinance/​ Darkness is Coming by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/...​ Source: http://incompetech.com/music/royalty-...​ Artist: http://incompetech.com/​ Asian Drums - Vadodara by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/...​ Source: http://incompetech.com/music/royalty-...​ Artist: http://incompetech.com/​ 141 Comments Auggie Giuseppe Add a public comment... coolguy007171 coolguy007171 2 days ago We can also say that China is trying to stay away from U.S.'s bullying. 47 alainmcin alainmcin 3 days ago this video should be mandatory viewing for every family as it explains very well how things are functionning in the world.....cheers 19 Rabbitized Bear Rabbitized Bear 4 days ago (edited) De-dollarization obviously can't make China the next superpower. It ONLY protects China (as well as many other countries) from the US sanctions. Very good clip anyway. Thanks. 53 Gavin Phillips Gavin Phillips 6 days ago this is pure gold, how do you not have more subs 23 Daggerin 4life Daggerin 4life 1 day ago The INEVITABLE is about to happend!!..( Death of the $$) 5