2min chapter

Animal Spirits Podcast cover image

The 3 Levels of Wealth (EP.302)

Animal Spirits Podcast

CHAPTER

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode