2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E131: 2024 Fantasy President picks, debt ceiling agreement, Dollar dominance & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

China's Proposal to Pay Salary Rate

The share of Yuan transactions briefly rose above 3%. In 2022, that was the peak and it's now off 26% down to about 2.2%. China is seeking to pay salary rate. They're on alternative Swift. I mean, again, we weaponized Swift as well. And if you still have a surplus after that, you could settle that surplus in gold. Because Beijing has a very liquid, you know, gold exchange market. That's what they're proposing. Here's your gift cards. Yeah. Spend in our. Some gift cards.

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