The naysayers can say whatever they want to say about the Chinese, but the Chinese are in the business of business. There has been a steady push outside of the United States of countries looking to dump the U.S. Dollar. The sanctions that the U.S. had placed on Russia because of their justified war in Ukraine has not only backfired in the face of the U.S.; but it has also galvanized at least 17 countries to either sign up or to consider signing up to join the BRICS+ nations and to dump the dollar as the reserved currency as a conglomerate.
As of the end of last week the next country to dump the U.S. Dollar in favor of the Chinese Yuan would be the South American nation of Argentina. Why? Because the U.S. has had a monopoly on international trade and geopolitics for so long that its dominance has projected such a provocative influence on the economies and internal affairs of other nations. With this provocation happening, it forces nations to comply with the U.S. agendas even if they don't want to. Failure for them to comply in many situations has led to them facing sanctions. These sanctions ultimately result in countries being economically and politically strong armed into complying with the demands of the U.S. Keep in mind that every time the U.S. Federal Reserve makes adjustments of any kind but especially to the inflation rates of the U.S. Dollar, it makes it harder for other nations to conduct their own internal business because everything that they do economically is pegged to the cost and influence of the U.S. Dollar.
At this current point in time, over 6 trillion payments in the Chinese Yuan have been used in international trade. On top of that, the international use of the Yuan has risen by 26.6%. Now, that may sound like a lot, but it isn't. There are several countries that are ahead of the Chinese Yuan such as the Australian Dollar, Swiss Franc, Canadian Dollar, the Japanese Yen, the Pound Sterling, and the Euro. But this doesn't deter China, and still makes them a threat to all the above said currencies. One reason is because a lot of international trade deals that China makes are done on the Black Market; therefore it's almost impossible to really obtain a true representation of how much the Chinese Yuan is being used. So, the 26.6% rise in use of the Chinese Yuan could be even higher. Don't take our word for it, just look at what the Mexican Cartels are doing. They are getting their money laundered by the Chinese and utilizing the Chinese currency to further their end.
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