China’s digital yuan displaces the dollar

$16 trillion of US dollar deposits may disappear

by David P. Goldman April 21, 2021

(…) „Dimon was talking about a revolution in trade and finance. The combination of Big Tech transformation of global supply chains and fintech transformation of the global payments system will bypass the banking system. China’s digital yuan is one of the catalysts that will make this happen. That’s the financial dimension of the Fourth Industrial Revolution, which I described in my book You Will Be Assimilated: China’s Plan to Sino-Form the World.

Since I warned February 6 that China’s “digital yuan could bust the United States,” a great deal of nonsense on the topic has filled the media, offset by some good sense from the economists at the US investment house Morgan Stanley.“ (…)


China’s digital yuan displaces the dollar

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