patrick.net

This could be a boom for the private email service unseen.
https://unseen.is/

Leave it to China to protect their citizens from Google and Ameircan NSA, the nerve of those pricks.

"China has no sizable bond market, no floating currency, few political freedoms, no freedom of speech, massive censorship, and questionable property rights, yet every week I see some article promoting the idea that the yuan will soon replace the dollar as world's reserve currency.

The idea is laughable. Lack of a bond market in sufficient size is enough to kill the notion"

Smaulgld?

What does the size of the bond market have to do with this?

BTW the Chinese spokesman is U Tak Tu Mch

indigenous says

"China has no sizable bond market, no floating currency, few political freedoms, no freedom of speech, massive censorship, and questionable property rights, yet every week I see some article promoting the idea that the yuan will soon replace the dollar as world's reserve currency.

The idea is laughable. Lack of a bond market in sufficient size is enough to kill the notion"

History shows the dominant manufacturer ends up with the reserve currency. No surprise, money is for buying goods and services. Financial Instruments are secondary.

thunderlips11 says

History shows the dominant manufacturer ends up with the reserve currency. No surprise, money is for buying goods and services. Financial Instruments are secondary.

Makes sense that is how the US became dominant through the same mechanism. China now faces a similiar problem that the US did in the early 30s. Does this correlate to bonds? Especially in a communist country where price discovery is dubious?

Apparently Mish doesn't think so?