Can the yuan become the world's reserve currency?

2023-04-12 14:12:14

Currently no

The yuan is not a freely convertible currency. It can only buy Chinese goods.

The PRC is the world leader in the production of most industrial goods. This is facilitated by the weak exchange rate of the yuan against the dollar. If the yuan becomes the world's reserve currency, it will strengthen against the dollar, which means that China's industry will lose its competitive advantages.

Can the yuan replace the dollar?

Why are so many wars happening right now?

2026-03-14 15:04:30

Because of the recession, because of the expectation of quick victories, because of ambitions

Sometimes war is used to distract from internal problems. The struggle for resources (oil, gas, water, rare metals) intensifies. This is especially noticeable in regions with unstable politics. Very often wars begin when a country's leadership believes that victory will be quick and cheap. For example, Russia-Ukraine. Sometimes countries start a war when they believe the international situation is favorable to them. Like the USA-Iran or USA-Venezuela. Regional conflicts and escalation. Like India-Pakistan, Israel-Gaza Strip, Cambodian-Thai conflict, Afghan-Pakistani war.

After the end of the Cold War in 1991, the world became less predictable. Previously, two superpowers — the United States of America and the Soviet Union — restrained each other. Now several centers of power are emerging: China, Russia, the USA, regional powers like Iran and Turkey. When forces are distributed among many players, there are usually more conflicts.

How to beat the consumer society?

2023-03-29 08:01:18

Need to improve the quality of education

The fact is that after reading books, an educated person becomes the worst buyer: he does not become a slave to advertising, he buys less new smartphones and cars, starting to prefer Mozart and Shakespeare to them.

To make people easier to manage, they need to wean a lot of thinking. The thinking of the average citizen should remain at the level of thinking of a teenager.

How people become consumers

Will there be a nuclear war?

2023-09-17 05:59:27

No

In 1994, the USA, England, France, and Russia concluded an agreement to cease the production of fissile materials for nuclear weapons. China did not sign the agreement but committed to comply with it. Israel also did not sign the agreement but stopped producing nuclear weapons in 2004, retaining the right to resume production if necessary. India, Pakistan, and North Korea, of course, did not sign the agreement. This agreement is perpetual, and its provisions came into effect in 1997.

Plutonium-based nuclear weapons have a shelf life of 18 years. 1997 18 years = 2015. Also, striking military targets, rather than cities, is the priority of a nuclear attack.

WHY THE US ELITE IS NOT AFRAID OF A NUCLEAR WAR WITH RUSSIA. I'M TALKING ABOUT RUSSIA AND THE USA.