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by IllogicalLogic
2449 days ago
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It will be quite funny if the US inadvertently makes the traditional market system obsolete by becoming too "sanction happy". Kind of like how they triggered a de-dollarization push... China already has a crypto Yuan, there is no reason they can't use a Binance style exchange for frictionless worldwide direct investment in their companies. China: You want to boycott investing in our companies? We'll route around your whole financial system and help make it obsolete. See what happens to the US economy when banks can no longer collect 20% fees on a growing percentage of the world population's transactions. |
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