Who will win the money war between BRICS and the West?
Debunking Economics - the podcast
The Biggest Disadvantage of China
When you start to use a currency that is a common currency, even though you're not trading with that country, then that becomes the nonsense. That's where you start to get the elevated demand in the price for that currency. And you get the power of the financial sector and the diminution of the capacity of the country to have a manufacturing sector. Which is what we are doing if we actually decided to go ahead.
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