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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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The RMB has problems with how it is regulated to be a viable reserve and trade currency for most countries.
Currently the big contenders are the EUR, the GBP and the JPY if I recall it correctly.
https://investingnews.com/brics-currency/
They're VERY big on breaking the West's hegemony..
Due to their grass-roots pragmatism ( China's "Belt & Road" initiative, being an example of how to surrepticiously-own countries )
they may well succeed, sufficiently..
_ /\ _
https://www.visualcapitalist.com/ranked-the-worlds-top-reserve-currencies-in-2024/
It's not just "the dollar", right now the ranking of reserve currencies is:
I'll check back again when the RMB reaches like 10%.
Also, your article is not talking about the RMB as a world reserve, it says BRICS is aiming to create a new currency backed by gold, so essentially a return to the gold standard. One could argue for or against that, maybe it's better than the dollar if you ask me, but IDK. But adopting that as a national currency would break Chinese manufacturing, as they rely on being able to devalue the RMB to keep doing what they are doing.
Point is, fuck the USD, but it's not so simple that we can switch to the RMB and be done with it.