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The 3 Levels of Wealth (EP.302)

Animal Spirits Podcast

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The RMB Is the Next Replacement for the Dollar

The place in the USD is a destination for savings. Farners have been aggressively selling RMB bonds since the start of 2022. Recent reserve data indicates RMB was the only FX actively sold in 2022. I just don't see a good competitor that's going to come in and replace the dollar anytime soon.

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