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Alasdair Macleod: U.S. dollar is more at risk than China's yuan
China or U.S.?
By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, September 5, 2019
China has made some silly errors in its conflict with the United States, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs, and Hong Kong is misleading.
China is progressing her own plans, and they do not require an accommodation with America. With Russia in tow, she is now the chief foreign influencer for up to three-quarters of the world's population, so it is American hegemony that's being backed into a corner. One day this will be reflected in a currency shootout. This article concludes that the dollar is more at risk than the yuan, the opposite of perceptions in Western capital markets. ...
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