There is a subsection of people on the Internet who fantasize day and night about the dollarization. O the dollar is going this way. O gold is over. Yes, gold will always overtake dollar because it’s intrinsic. And specifically they float. The idea of yuan overtaking the dollar. The Chinese yuan will overtake the dollar the day. China has seven or eight nuclear powered aircraft carriers with better jets than F-35 roaming the high seas and ensuring the peace and security of free trade.
That would be the day when the Chinese yuan will become the reserve currency of the world. And Ray Dalio, a famous hedge fund manager, likes to tout this idea. But this is the one thing he got completely wrong. Look, if you study geopolitics, you know, or history that China has never in the history of the world ever been an expansionist power.
USA is the financial capital of the world because of which the US middle class spends money and everyone in the world is selling the stuff they make to the U.S. “middle class”. That along with the aircraft carrier groups and sure, the dollar stays where it is. Let us be realistic. Okay. To learn more about how this economic geopolitical activity works.
Read chapter 77 Wealth Lands in Port Cities. Of the 100 Islamic Principles for Life
Islamic Principles Website 