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?

What are the strategic mistakes of Russia?

2023-04-21 08:50:24

Continuation of the resource-based economy model, the beginning of the NWO and the return of the market to China, management without a clear and precise development strategy for the long term.

The Russian elite preferred to keep its cozy little world of “cuts”, “reforms” and “kickbacks”, content with the status of a raw material appendage of the West and China. The NWO turned out to be poorly prepared, not adequately provided with reserves. The problems it has to deal with will only be delayed, not fully resolved. Russia will not be able to fully control Ukraine, and even after the signing of peace, the threat of an attack by Ukraine will remain.

In the long term, these factors will hit Russia very hard.

Putin's Five Strategic Mistakes

Three strategic mistakes of Russia in matters of power and economy, and ways to correct them.

Putin's 7 Strategic Mistakes

Can a PCR test detect coronavirus?

2023-04-14 14:37:03

Yes, a PCR test detects the presence of viral material in the body, but does not determine how contagious a person who has the virus is

In general, there are a number of factors that can cause PCR tests to be less accurate than under ideal conditions. Also, the accuracy depends on the PCR test itself - its design and quality. Therefore, of course, false positive and false negative results can occur. But if the test is given in a professional laboratory, this rarely happens. And, of course, the clinical picture of the patient is also important and is always taken into account. Doctors don't rely solely on test results. PCR tests are not perfect, but they are considered the gold standard in diagnosing many viruses. Together with an antibody test, this is the best that humanity has so far.

Everywhere they talk about PCR tests, but nowhere does it say what happened to the DNA samples taken during the PCR tests.

Is it true that the Portuguese court recognized PCR tests as fake, and quarantine illegal?

How the fixation of russian oil prices will affect the global market?

2022-12-08 05:03:14

The introduction of a price ceiling on Russian oil would have a negative impact on the global economy and energy security. This was also confirmed by the International Energy Agency.

China and India have made it clear that they will not comply with the Western embargo. China and India will not be affected in any way. The U.S. is not dependent on Russian oil supplies either. Russia itself is already selling below the delivered price. All these restrictions will only damage the EU and increase dependence on energy resources.

The problem is that there is no free oil on the market and if we introduce restrictions, prices will go up.

The embargo and the ceiling on Russian oil prices came into force: what consequences to expect

The EU introduced a ceiling on Russian oil prices: what will happen to shares and the ruble

The ceiling of the Russian oil price.. What is its mechanism of action and impact How will Moscow respond