China is freer than the US - take that for what you will when reflecting on which will be a reserve currency in the future. Men like Larry Summers think that there's infinite room to indulge their whims because of lack of alternatives.https://twitter.com/josephflaherty/status/1354280888708849664 …
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Replying to @woke8yearold
>it is not and the CCP would manipulate their money to their own advantage Dude.
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Replying to @woke8yearold
>Do you think that, being objective, that USD is more manipulated than the Yuan? Yes. The Chinese have a hierarchy that is capable of preserving seeing the long term value of their ability to print money. USG does not.
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Replying to @woke8yearold @CovfefeAnon
It’s mostly about people wanting to hold Dollar denominated assets vs Yuan denominated ones. China isn’t considered a save place to park your money bc at any moment the party could turn on you.
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The only time you saw that happen was the first time when everyone was caught off guard and had to deal with uncertainty. Now that that shock has been absorbed the next shock will be very different. You think you'll be able to buy whatever you need with BTC next time? I do.
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