What will happen once the Yuan becomes the currency of the future.

[adifighter86]

What will happen once China's Yuan replace the US Dollar and becomes the international currency of the future?

 

[adifighter86]

Will the US Dollar lose it's value?

 

[I Am Legion]

Will happen if we elect Oprah or Michelle Obama.

 

[Headkicktoleg]

It's not going to happen anytime soon. There isn't enough faith in it as a currency since the Chinese government manipulates the value so much.

 

[Mr Mojo Lane]

They are already starting to trade oil w/ the Yuan. The fact that people around the world need dollars to trade oil creates a demand for dollars, so if that goes the dollar gets weaker

 

[Pugilistic]

I thought the currency of the future was supposed to be bitcoin

 

[Karasu-Hanta]

I and my children will be long dead by the time that happens so who cares.

 

[Stranger Come Knocking]

Will happen if we elect Oprah or Michelle Obama.

More division and further movement toward civil war.

 

[Rob Battisti]

I’ll finally be a millionaire?

 

[Fluffernutter]

Countries that only use a foreign currency
US dollar: Ecuador, East Timor, El Salvador, Marshall Islands, Micronesia, Palau, Turks and Caicos, British Virgin Islands, Zimbabwe.


https://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/

 

[cooks1]

They are already starting to trade oil w/ the Yuan. The fact that people around the world need dollars to trade oil creates a demand for dollars, so if that goes the dollar gets weaker

The US GDP is 20%-25% of the planets GDP.

As long as that is the case we need not be overly concerned about the value of the dollar.

 

[Mr Mojo Lane]

The US GDP is 20%-25% of the planets GDP.

As long as that is the case we need not be overly concerned about the value of the dollar.

OK. The dollar can still lose purchasing power. Not saying that that alone it would crash the system or anything

 

[SammyPops]

Won't happend, due to China being an authoritarian nation which manipulates its currency and monkey's with the economy and fudges figures.

 

[cooks1]

OK. The dollar can still lose purchasing power. Not saying that that alone it would crash the system or anything

There are numerous benefits and drawbacks to the dollar losing value as well as increasing value.

The high value of the dollar is one of the reasons we are importing so much now. as opposed to spending domestically.

 

[Mr Mojo Lane]

What is made in America now?

We could see the dollar fall which could encourage more industry in the US while China becomes more of a consumer oriented economy. The weaker dollar would help emerging markets across the globe. The corporations would get what they wanted which is billions of new consumers.

 

[IndyCovaHart]

I thought the currency of the future was supposed to be bitcoin

That’s so last year bruh

 

[TeTe]

Doesn't really matter much. In 2005 they stopped pegging the value to the dollar because they wanted to devalue it. Chances are it won't ever surpass the value of US dollar on it's own.

Just tells me I need to start investing in the Renminbi if it does start rising dramatically.

 

[Pugilistic]

That’s so last year bruh

I guess the future was up until 2017

 

[ShinkanPo]

Hahh then Yuan stores will replace dollar stores!


Dollar Store Blahh blahh


Yuan? Dollar Store lah!!

 

[PolishHeadlock]

What is made in America now?

Aerospace, automobiles, chemicals, telecommunications, electronics etc.....