China’s Digital Yuan, SWIFT, PayPal & the Dollar’s Demise

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Side note: Aly and I did a stream about China just the other day—it is linked below.

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Note: this paper is coming from the perspective that the digital yuan is slowly “undermining” the hegemony of the U.S. dollar, but I have my own lens in how I view this shift or transition and it does not match the framing used by these two authors (Bansal and Singh); however, the information they provide is still worth extracting from and reviewing.

That is not where I am coming from and I think Tim Morrison is a complete hypocrite for having a problem with China imposing a certain system when he doesn’t seem to have a problem with the system the U.S. has been imposing all over the world. It cuts both ways and his inability (or refusal) to see and articulate that is probably why he has such a high position at the Hudson Institute.

Digital Yuan Patents, Blockchain, and LIBOR

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PBoC and SWIFT + CIPS

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China’s UnionPay & Peter Thiel’s PayPal + Africa

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Back to China and the Carnegie Endowment paper:

China’s Five Key Interventions to Internationalize the Currency

Photo from a PowerPoint Aly and I made, which is seen in this video.

Dollar’s Demise?

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To Conclude:

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However, like I said, this type of psychological operation does not only happen in America and we must stay vigilant because we don’t want to get caught up in controlled counter-narratives that only appear to be in “opposition” to the established lies—the overlords are crafty and known to fund all sides.

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