71
submitted 2 years ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] deft@lemmy.wtf -4 points 2 years ago* (last edited 2 years ago)

No response? Ok prove my points kiddo nothing.

from your own article:

 trading in November, the yuan's share among all currencies was 4.61%, the highest since the earliest data available in 2015. Heading the list was the U.S. dollar with 47.08%, followed by the euro with 22.95% and the British pound with 7.15%. The yen's share was 3.41%

congratulations they beat Japan and post Brexit England lmfao

lol. See you in a decade when you're still edging about the West falling

[-] yogthos@lemmy.ml 6 points 2 years ago

I've already addressed all the "points" you were attempting to make there. Meanwhile, the part you evidently missed in those articles is the trajectory there. What will this look like a year from now, two, or three. Enjoy being smug while you can, and best of luck to you kiddo. You'll need it.

[-] deft@lemmy.wtf -4 points 2 years ago

No you didn't.

You posted two articles. One behind a paywall and the other hammering in exactly what I'm saying.

Meaningless.

[-] yogthos@lemmy.ml 5 points 2 years ago

Whatever helps you cope there muffin.

[-] deft@lemmy.wtf -3 points 2 years ago

he says with completely wrong information lol

[-] yogthos@lemmy.ml 6 points 2 years ago

Thanks for letting us know you don't understand the concept of trends.

[-] deft@lemmy.wtf -3 points 2 years ago

trading in November, the yuan's share among all currencies was 4.61%, the highest since the earliest data available in 2015. Heading the list was the U.S. dollar with 47.08%, followed by the euro with 22.95% and the British pound with 7.15%. The yen's share was 3.41%

[-] yogthos@lemmy.ml 4 points 2 years ago

Yup, you don't understand the concept of change over time. At one point, not so long ago, sterling pound was the global reserve currency and US dollar was not used at all. In a few years following WW2, sterling pound fell out of use as a reserve currency and was replaced by the dollar. What the articles I linked clearly explain is that the yuan is rapidly growing in use:

This year’s near-doubling of the yuan’s share as a global payments currency has largely gone unremarked because the figures are still rather modest, and forecasts of the dollar’s impending demise have so far turned out to be greatly exaggerated.

[-] deft@lemmy.wtf 1 points 2 years ago
[-] yogthos@lemmy.ml 3 points 2 years ago

Follow your own advice and keep reading it till you understand what I wrote. Might take you a while based on what we've seen here.

[-] deft@lemmy.wtf 0 points 2 years ago

"we"

shut the fuck up lol i know your shit i see you all over this site buddy. you say the quiet part out loud lmfao

like I said, cya in a decade when you're still edging hoping the dollar falls unaware that when it does the Yuan will have long fallen first because of how the cards are stacked ya fuckin goofball

[-] yogthos@lemmy.ml 4 points 2 years ago

Aww muffin, you sound upset maybe go outside touch some grass. Also, maybe work on your math a bit while you're at it. Here's how doubling works: 4.61*2 => 9.22 * 2 => 18.44 * 2 => 36.88 * 2 => 73.76. At the current rate of growth it would only take 4 years for the yuan to eclipse the dollar. Of course, these aren't independent events and as the use of yuan grows, the use of dollar will shrink. In reality we could see yuan become bigger than a dollar in even shorter time frame. It must be hard to go through life not being able to do basic math.

this post was submitted on 23 Jan 2024
71 points (98.6% liked)

World News

37037 readers
591 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS