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RE: China Starts Ditching Dollar ~ News with Rick Sanchez … (Death of the Dollar–28) with Video
Regarding the "lack of trust" in China, who do you think does not trust China? From my perspective, it's mostly the US that "does not want to trust" China. And certain of the US allies (such as Canada) fall in line.
But it seems that many other countries trust China. With its Belt and Road initiative, China has fostered plenty of goodwill around the world. (Whether that goodwill and trust are misplaced is another story.)
As for George, I still watch him. I agree that his opinions can be "very one-sided," but the way I see it, he's a decent antidote to all the nonsense in the mainstream media.
Thanks for the upvotes! Hope your weekend and your year are going well.
Hi @majes.tytyty
Ehm. I would say that entire europe doesn't trust China. Probably many other countries do not trust them too. However it's important to say: I'm not talking about trust towards Chinese people, investors or businesses. I meant: chinese authorities and their complete lack of transparency.
I cannot think of many countries, which would trust to use Chinese currency as a reserve currency. For same simple reason: total lack of transparency and many times proven that they may abuse any economical agreement for political reasons. Even US administration have some limits. They do not.
Cheers :)
Piotr