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E131: 2024 Fantasy President picks, debt ceiling agreement, Dollar dominance & more
All-In with Chamath, Jason, Sacks & Friedberg
China's Proposal to Pay Salary Rate
China is proposing to pay for oil in R&B to Saudi Arabia and Brazil, who can then use the R&B to buy Chinese products and settle any surplus in gold/nThe share of Yuan transactions has been shrinking over the past year, dropping from its peak of briefly exceeding 3% in 2022 to 2.2%/nAll the Belt and Road loans China gave to developing countries in Africa are being serviced in US dollars instead of the Yuan
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