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MI235: Investing in Uncertain Times w/ Louis Gave
Millennial Investing - The Investor’s Podcast Network
China, the Dollarizing Their Economy?
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The US has a track record of tripping up its enemies by weaponizing the US dollar. The Ukraine war actually changes the equation somewhat in that at least now you have Russia, Russia that always was a little bit reluctant on trading in RMB. It's sort of beggars can't be choosers kind of thing. A few years ago China was buying about 4 billion dollars worth of commodities from Russia every month. Now it's about 12 billion a month. And it's probably going to keep growing because they turn to people like BHP who are mining companies there.
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