Digital Yuan Backed By Gold: Bye-Bye Yankee Dollar?

The coronavirus has exposed the failure of Yankee Neoliberal economics to even take care of its own citizens. But abroad it has two powers – military and financial. One part of its financial power is controlling international exchange rates through the dollar. But now China is on the verge of marginalizing the dollar. How? By developing a digital yuan which will be backed by gold.

Leave a Reply

Your email address will not be published.