Hacker News new | ask | show | jobs
by than3 1123 days ago
> Do you really trust China to manage the World's currency?

No, they have terminal credibility issues when it comes to how they handle things, and its real hard to support something like that when you have no laws protecting foreign investors.

Netflix's The China Hustle was a great documentary providing visibility on these issues. A world currency is a foreign investment in any country that accepts and denominates in that currency.