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Will the digital yuan replace the US dollar in international trade?

China will soon be using the digital CNY in international trade. Here is an article that discusses the scope of this digital currency.

I make the following comments to the points in this article.

a) The article said that China needs to liberalize its financial system further for the CNY to be a reserve currency.

Rebuttal – Many countries may be willing to accept the CNY as a reserve currency. If they do not, they can convert the CNY to another other currency that they wish to.

b) Many of the existing transactions are already digital.

Rebuttal – I agree. But they are using the USD which is subject to control by America. By using the CNY, they avoid this control. The countries that trade with China will have no issue that China has access to the data.

The digital CNY has low transaction cost, compared to the existing system using SWIFT and USD.

My view is that the further use of the CNY in international trade will diminish the role of USD in international trade and as a reserve currency. This will occur over a few years, but the impact will be significantly negative for the USD.

 

Tan Kin Lian

 

 

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46 Responses to “Will the digital yuan replace the US dollar in international trade?”

  • Singaporeans R Free Riders:

    Dear TKL,
    Who the f* would like to use digital currency? Especially one that come from the Chink that does not allow poke backside freedom or other freedom at all ?

    Digital Currency will allow the CCP to track everyone.

    We want freedom like Amos Yee to call father bast**d, to call mother b*t*h and to anyhow accused people who help him.

    Freedom or death …..

    Is this not what pro democracy supporters demanded ?

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  • xoxo:

    If digital currency takes over,our ministers will,hopefully,require less time to *COUNT THEIR MONEY* and spend more time doing work???
    But hey,they may keep peering into their computers or mobile phones to check their digtal money?

    Digital money is *fake* money.
    More $cams expected when digital currencies replace real money.

    On second thought,our rich ministers may spend more time tracking their money ?
    Well,if you have so much money digiti$ed,you want to be sure?

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  • xoxo:

    Over time,China and Asia will be the pivot for world trade.
    The global trading hub will veer towards China and Asia for sure.

    Yuan as a Reserve Currency will then be a natural consequence,like it or not.

    That said,the rest of Asia ,and the world ,can only hope China will not interfere in their domestic affairs.

    Even,so-called democratic western powers used to intervene into other nations’ internal affairs but get lauded even when the outcomes were not exactly favourable to the nations themselves?

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  • Seat warmer never got seat:

    Straits Times: DPM Heng Swee Keat steps aside as leader of 4G team, setting back Singapore’s succession plan for next PM

    This is strange. The seat warmer never even got the seat to warm. What’s going on?

    Unless HSK has serious medical issues he should stay on. Many people start new careers at 60 and he plans to “retire at 60″. Maybe so he has more time to spend his millions.

    Is it possible he knows that when the HDB Ponzi Scheme explodes it will surely kill him?

    HSK was clearly the next PM but he only won by a slim margin (around 5%) at the last GE. Is HSK afraid of being booted out by voters. For the PM to lose his seat in Parliament is real shocker.

    Another “Charles “Chip” Goodyear” saga. He was suppose to takeover from Ho Ching as Temasek CEO but it fell through for undisclosed reasons.

    Lee Honyi, son LHL, will likely join the PAP now. “It is all in the cards.”

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  • Madam PM:

    Time for PAP to tell sheep that it is good to have a woman PM.

    hohoho, hohoho, santa claus is coming to town.

    Seat warmer never got seat:
    Straits Times: DPM Heng Swee Keat steps aside as leader of 4G team, setting back Singapore’s succession plan for next PM

    This is strange. The seat warmer never even got the seat to warm. What’s going on?

    Unless HSK has serious medical issues he should stay on. Many people start new careers at 60 and he plans to “retire at 60″. Maybe so he has more time to spend his millions.

    Is it possible he knows that when the HDB Ponzi Scheme explodes it will surely kill him?

    HSK was clearly the next PM but he only won by a slim margin (around 5%) at the last GE. Is HSK afraid of being booted out by voters. For the PM to lose his seat in Parliament is real shocker.

    Another “Charles “Chip” Goodyear” saga. He was suppose to takeover from Ho Ching as Temasek CEO but it fell through for undisclosed reasons.

    Lee Honyi, son LHL, will likely join the PAP now. “It is all in the cards.”

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  • Sperm Sac:

    Of course China digital currency will eventually replace USD. Thats inevitable if china overtakes USA

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  • mike:

    Dear @ TKL

    Control by America IS control, control by CCP NOT control?
    Good brain!

    Are you trying to educate or con dumb SG brains or you are the secret ambassador of CCP?

    Btw, what is the meaning of digital currency? When you switch off your electricity, it is gone! During war time and in time of crisis, it will be all gone or all under limited use. There is a huge price to pay when one is totally or almost totally into digital currency.

    When conflict starts among the first things that get cut off will be power.
    Good that CN had most into digital currency. Just need to have CN cut off electricity for 21 days and the whole nation will be in chaos.

    One hint, start explore where else in the CN rural will be good place to hibernate for a long winter, will be too late to find one at last hour.

    Tan Kin Lian:
    Rebuttal – I agree. But they are using the USD which is subject to control by America. By using the CNY, they avoid this control. The countries that trade with China will have no issue that China has access to the data.

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  • China's not ready:

    Tan is thinking China way. If you really think globally the herd community is not there to adopt cny as international currency be it Swift or digital. The best gauge is to ask the billionaire’s if they are willing to convert all their USD reserve in their Swiss vault or not.

    When a government broke it’s promises often, no educated person will trust them & so stupid to risk his hard earned money. In 1997 they promised the British, HK & the World that after taking back HK, 50 years no changed. Did they keep their promise? Did you see what is happening to HK now?

    Will the Chinese Government rise to the occasion to lead the world to condemn attrocities. They can’t even condemn Myanmar military coup and change their “internal-problem” stance they are not accepted as world’s leader. The moment they stay away from world conflicts their currency will never be accepted by all. It takes more than being wealthy to be accepted. Think globally, don’t just think Chinese.

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  • @mike:

    You proved again that you don’t understand English.

    TKL: “But they are using the USD which is subject to control by America. By using the CNY, they avoid this control.”

    Let me explain to you. “This control” must be understood to mean the American control mentioned in the previous sentence. You twist it to mean “all controls.”

    US friends not very afraid of US control. US non-friends are at the mercy of US, which has shown its ruthless financial sanctions. Of course, these countries want to get out of US control.

    Please understand more before you scold people until like that.

    mike: Dear @ TKL

    Control by America IS control, control by CCP NOT control?
    Good brain!

    Are you trying to educate or con dumb SG brains or you are the secret ambassador of CCP?

    Btw, what is the meaning of digital currency? When you switch off your electricity, it is gone! During war time and in time of crisis, it will be all gone or all under limited use. There is a huge price to pay when one is totally or almost totally into digital currency.

    When conflict starts among the first things that get cut off will be power.
    Good that CN had most into digital currency. Just need to have CN cut off electricity for 21 days and the whole nation will be in chaos.

    One hint, start explore where else in the CN rural will be good place to hibernate for a long winter, will be too late to find one at last hour.

    Tan Kin Lian:
    Rebuttal – I agree. But they are using the USD which is subject to control by America. By using the CNY, they avoid this control. The countries that trade with China will have no issue that China has access to the data.

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  • mike:

    Dear @ 50c of Great Middle Commie Land

    From pet dogs of CCP, you took another full time job to be pet hamster of TKL?
    That’s why i asked you suxk balls proper. Go read the sent sentence again and embrace it at face value.

    If TKL says “Eat my shxt because my plants grows well when i used my shxt as fertilizer. Stop eating angmo shxt as it makes you sick”

    You little hamster will happily fill a big mouthful of it.

    Therefore you meant TKL message is for friends like Iran, NK, Russia and Africa? Well perhaps they should, have your own club and play among ownselves, SG have lotsa $$$ and we can always play both clubs, at most is 50/50 lost investments.

    You are funny my little hamster bro. Now, go spin the wheel!

    @mike:
    You proved again that you don’t understand English.

    TKL: “But they are using the USD which is subject to control by America. By using the CNY, they avoid this control.”

    Let me explain to you. “This control” must be understood to mean the American control mentioned in the previous sentence. You twist it to mean “all controls.”

    US friends not very afraid of US control. US non-friends are at the mercy of US, which has shown its ruthless financial sanctions. Of course, these countries want to get out of US control.

    Please understand more before you scold people until like that.

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  • BK:

    There is a desperate disconnect for the China cheerleaders. Do u know total US debts is edging towards USD 300 trillion? Of which less than 10% is US govt debt. And these screw balls think that China holding USD 1 trilion matters?!

    These idiots feed info in a loop to tickle their tribal fantasy.

    China needs to get out of SWIFT thats true. But whether China can replace USD depends on a huge list of requirements, mostly no capital controls. With that u need a very transparent audit system. Why do so many China home grown companies prefer to list in US? Becoz of transparent audit and a more rigorous legal framework that attracts investors.

    Can China do this w/o changing political culture? Now even so called “grassroots democracy” must be approved by CCP, it wasnt the case before Xi.

    USD in general is totally based on market forces, ppl buy USD denominated debts in foreign countries attest to the belief of its underlying value, amongst that is confidence.

    US weaponising the USD will shake confidence over the longer term.

    The real questions to ask, must be, what are the underlying conditions for Yuan to be accepted as global reserve?

    Without satisfying those conditions, u are just engaging talk cock…sing if u must…is just fxxking laughable what these guys are fantasizing.

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  • @mike:

    So you thought the system was for US, UK, Australia?

    No wonder you cannot understand TKL. Can’t understand English. Don’t understand context.

    Go on. Bark at everything and everyone. Better see doctor lah.

    mike: Therefore you meant TKL message is for friends like Iran, NK, Russia and Africa? Well perhaps they should, have your own club and play among ownselves, SG have lotsa $$$ and we can always play both clubs, at most is 50/50 lost investments.

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  • k:

    Two things the Americans are pissing the whole world.

    1. Weaponising everything for their world hegemony, to dominate and control the world. They have weaponised the dollar, SWIFT, vaccines, trade, technology, the media etc etc to pressure and control their enemies, cronies and allies as well.

    2. Reckless printing of the American dollar.

    The rest of the world are waiting to get rid of the Americans and free themselves from the clutches of the Americans. China, Russia and EU are plotting to rid the world of the dollar and SWIFT system. Alternative systems and currencies are starting to bud.

    Two big developments recently that would start the ball rolling. Saudi Arabia and Iran have started to sell oil to China in CNY. Russia and many other oil producing countries have also started to do so. The momentum would gain speed and the role of the US dollar and SWIFT will decline going forward. Once the wheel starts rolling, there is no way to stop it.

    The Americans only have themselves to blame for irresponsibly weaponising anything to their advantage. The world is not going to be held captive and in ransom by the Americans.

    The clock is ticking for endgame America.

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  • mike:

    Dear @ 50c of Great Middle Commie Land

    Hey TKL’s hamster bro, when you spin the wheel, at least be serious! Half fxxk wheel spinning will let your masters down. My england understanding fits your level well. So go on, let the wheel spins and hamsters roar!

    @mike:
    So you thought the system was for US, UK, Australia?

    No wonder you cannot understand TKL. Can’t understand English. Don’t understand context.

    Go on. Bark at everything and everyone. Better see doctor lah.

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  • mike:

    Dear @ 50c of Great Middle Commie Land

    When Rich CN, including rich powerful CCP members send their kids to school, they are being send to US, UK, EU, AU or even SG… How many Rich families or powerful politicians send their kids to study in CN?

    When Rich CN & powerful politicians make their $$$ oversea, how many send their $$$ back to CN? :DD

    When US, EU and all other countries do biz in CN, they are trying ways and means to send their investment return back to their own country. When CN riches do biz in other countries, their moneies made never wanted to return to CN. :DDD

    World riches put their $$$ in swiss bank, CN riches put their $$$ also in swiss bank >.< Funny lah!

    When rich CN send their kids to study in UK, US, EU, AU etc, ask them try pay in RMB digital currency, try!

    If the oversea biz which accepts wechat pay, alipay or whatever CN pay only get RMB in their bank account, TRY!

    RMB can only works in green house of CCP and those who need the milk of RMB to live.

    Correct or not? My commie doggies and hamsters?

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  • Factchecked:

    Nowadays, many writers here anyhow throw data and stories. Need to check occasionally.

    The World Is $300 Trillion In Debt
    https://richardduncaneconomics.com/the-world-is-300-trillion-in-debt/

    Where did you get this: “total US debts is edging towards USD 300 trillion?”

    Some writers, hopefully not BK, throw tantrums when faced with their mistaken facts.

    BK: There is a desperate disconnect for the China cheerleaders. Do u know total US debts is edging towards USD 300 trillion? Of which less than 10% is US govt debt. And these screw balls think that China holding USD 1 trilion matters?!

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  • Give it a rest:

    Mr Tan KL can only write about China topics ?

    Almost 1 china topic per week.

    Nothing else , nothing much.

    Not good at politics perhaps other topics like investments or insurance might suit you better.

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  • mike:

    Dear @ k

    When did that happen? Whole world = Great Middle Commie Land?
    When did GMCL represent the whole world? Or represent earth?
    When don’t you say the universe? Wanna include parallel universe too?

    May be represent dogs and hamsters?

    :DDD this is entertaining!

    k:
    Two things the Americans are pissing the whole world.

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  • BK:

    Factchecked:
    Nowadays, many writers here anyhow throw data and stories. Need to check occasionally.

    The World Is $300 Trillion In Debt
    https://richardduncaneconomics.com/the-world-is-300-trillion-in-debt/

    Where did you get this: “total US debts is edging towards USD 300 trillion?”

    Some writers, hopefully not BK, throw tantrums when faced with their mistaken facts.

    In case u dont know, your link shared this:

    ..The ratio of debt to GDP in Japan rose sharply from 1960 to 1990. Then Japan’s economic bubble popped. For the US, the Euro Zone and the UK, the ratio of debt to GDP rose sharply for more than three decades up until 2008. Then their economic bubbles popped. The ratio of debt to GDP in China is still rising sharply. But that is unlikely to continue for much longer since China’s economic bubble is beginning to pop….

    So according to your link China will POP…

    Great link dude …(:

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  • Factchecked:

    Is this a silent admission that you anyhow throw data?

    Please, wrong admit wrong.

    BK: In case u dont know, your link shared this:

    ..The ratio of debt to GDP in Japan rose sharply from 1960 to 1990. Then Japan’s economic bubble popped. For the US, the Euro Zone and the UK, the ratio of debt to GDP rose sharply for more than three decades up until 2008. Then their economic bubbles popped. The ratio of debt to GDP in China is still rising sharply. But that is unlikely to continue for much longer since China’s economic bubble is beginning to pop….

    So according to your link China will POP…

    Great link dude …(:

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  • BK:

    Lol. No idea why Tre didnt publish my replies. To repeat for your benefit. Anyone who is at least competent about the subject knows it is Usd denominated debts.

    As for fact checked, and it is obvious u dont read links u posed. This is what we call a fraud and fake. No worries, carry on (:

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  • mike:

    Dear @ Factchecked

    You are making a fool of yourself. People don’t respond is to give you chance to re-read.

    Quote: BK
    There is a desperate disconnect for the China cheerleaders. Do u know total US debts is edging towards USD 300 trillion? Of which less than 10% is US govt debt

    If anyone need to find fault it is the word “world” could be missing from total US debts. But the following sentence “less than 10% is US govt debt” simply made it clear.

    You KNN jump into a hole and make shit in it drowning yourself?
    Fact check your lan par could be better.

    Oops, i going on rampage again… sorry.

    Factchecked:
    Is this a silent admission that you anyhow throw data?

    Please, wrong admit wrong.

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  • BK:

    mike:
    Dear @ Factchecked

    You are making a fool of yourself. People don’t respond is to give you chance to re-read.

    Quote: BK
    There is a desperate disconnect for the China cheerleaders. Do u know total US debts is edging towards USD 300 trillion? Of which less than 10% is US govt debt

    If anyone need to find fault it is the word “world” could be missing from total US debts. But the following sentence “less than 10% is US govt debt” simply made it clear.

    You KNN jump into a hole and make shit in it drowning yourself?
    Fact check your lan par could be better.

    Oops, i going on rampage again… sorry.

    Yes bro, u illustrate my point clearly; context and understanding of subject. These guys are generally out of their depth. They want to nitpick, but alas, they show themselves as dishonest.

    I dont mind if they at least amuse me….dull they are in spirit and mind…it comes from a point of …..sigh

    We hope for more worthy ones (:

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  • Be Smart:

    Mike 是抹黑中国分子。看样子他是台独分子。看他的comments是在浪费时间。并且都是他们内政事务。

    估计CIA高薪聘请他,他会去。

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  • Factchecked:

    Twist and turn like a slippery eel.

    So “US debts is edging towards USD 300 trillion” is actually intended to be “World US debts is edging towards USD 300 trillion”?

    After twisting and turning, it is still wrong!

    You are excusable since you don’t understand English. Triple confirmed.

    mike: Dear @ Factchecked

    You are making a fool of yourself. People don’t respond is to give you chance to re-read.

    Quote: BK
    There is a desperate disconnect for the China cheerleaders. Do u know total US debts is edging towards USD 300 trillion? Of which less than 10% is US govt debt

    If anyone need to find fault it is the word “world” could be missing from total US debts. But the following sentence “less than 10% is US govt debt” simply made it clear.

    You KNN jump into a hole and make shit in it drowning yourself?
    Fact check your lan par could be better.

    Oops, i going on rampage again… sorry.

    Oops, the more you talk the more ignorance you show. Better go for PAP upgrading skills.

    That US$300 trillion debt is all debt in the world (not just your US world) converted to USD value. You also same as Mike, cannot understand English?

    BK:
    Lol. No idea why Tre didnt publish my replies. To repeat for your benefit. Anyone who is at least competent about the subject knows it is Usd denominated debts.

    As for fact checked, and it is obvious u dont read links u posed. This is what we call a fraud and fake. No worries, carry on (:

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  • mike:

    Dear @ Factchecked

    KNS, drown yourself in your own shit hole still trying hard to swim in style.
    Muah hahaha… you good leh, entertaining, want to see what’s next :DDD

    Yea, yea your england power many many, hahaha…

    ——-

    Dear @ Be Smart

    台独?台湾上百年来就不关大陆屁事。中共有能力早就攻下了,现在就等中共误判。
    一旦开战或许就是喝酒必汾。
    等着看,俄国必取后方,千载难逢。赔了夫人又折兵,最后将腹背不保。中国终究必让中共搞得四分五裂。
    Let the show begin!

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  • BK:

    Lol. Do u know that about 90% of global debts is Usd denomiinated ?Blur liked a sotong and fake like Chinese plastic.

    I post this before:

    …..a paucity of knowledge requires an extravagant fart….

    Fact checked that..(:

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  • BK:

    Factchecked:
    Twist and turn like a slippery eel.

    So “US debts is edging towards USD 300 trillion” is actually intended to be “World US debts is edging towards USD 300 trillion”?

    After twisting and turning, it is still wrong!

    You are excusable since you don’t understand English. Triple confirmed.

    Oops, the more you talk the more ignorance you show. Better go for PAP upgrading skills.

    That US$300 trillion debt is all debt in the world (not just your US world) converted to USD value. You also same as Mike, cannot understand English?

    Lets be honest here. U want nitpick and act smart. Fine. But u have no fxxking clue about Usd or debts do u?

    And u post links u dont read? Coz u think u got the facts? Laughable…Stick to high school statistics…

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  • Singaporeans R Free Riders:

    Be Smart:
    Mike 是抹黑中国分子。看样子他是台独分子。看他的comments是在浪费时间。并且都是他们内政事务。

    估计CIA高薪聘请他,他会去。

    哈哈哈。。
    上海、北京人瞧不起外省人。
    中国人只会窝里斗,还需要外人来抹黑?

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  • @FREE Riders:

    Lin bei is 4th generation Singaporean.

    China is singapore’s (and ASEAN’s) hope not US. US only wanted to stir up proxy war against China and the only ‘help’ she provides is sell you weapons. That’s One stone kills two birds.

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  • Factchecked:

    Whatever “fact” that you provide turns out to be wrong.

    “about 90% of global debts is Usd denomiinated”

    This is definitely wrong!

    Confirmed again and again. The more you post, the more fakes you make up.

    If you can post a reliable link to prove this 90%, I will give you a sincere apology here. If you cannot post the reliable source, you should give an apology here.

    BK:
    Lol. Do u know that about 90% of global debts is Usd denomiinated ?Blur liked a sotong and fake like Chinese plastic.

    I post this before:

    …..a paucity of knowledge requires an extravagant fart….

    Fact checked that..(:

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  • k:

    So sad. TRE has become the tool for American hegemony. Their agents are here to attack anyone that is speaking against American crimes and warmongering or speaking good about China’s contribution to help and uplift the developing countries with its massive injection of funds to the BRI.

    The American dogs are snarling and biting at everyone not agreeing with them.

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  • mike:

    Dear @ 50c of Great Middle Commie Land

    You Lin Bei what? LimPeh also don’t know to spell.
    You 4th generataion SGrean? KNN shameful, you sounds more like por lan par CCP cxxk worshipping hamster.

    Ok, now go back to spin the wheels or else no puppy food for you.

    @FREE Riders:
    Lin bei is 4th generation Singaporean.

    China is singapore’s (and ASEAN’s) hope not US. US only wanted to stir up proxy war against China and the only ‘help’ she provides is sell you weapons. That’s One stone kills two birds.

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  • BK:

    Factchecked:
    Whatever “fact” that you provide turns out to be wrong.

    “about 90% of global debts is Usd denomiinated”

    This is definitely wrong!

    Confirmed again and again. The more you post, the more fakes you make up.

    If you can post a reliable link to prove this 90%, I will give you a sincere apology here. If you cannot post the reliable source, you should give an apology here.

    Lol. Since u said Im wrong. Why dont u just post the link that shows Im wrong. Some data of mine are paid and proprietory.

    Post it (:

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  • BK:

    Lol. I didnt realize u wud get so excited. Omg, at least u amuse me today . No worries dude, i will lead u to nirvana….

    Its liked peeling an onion, u will get tears, but finally u will get there (:

    Thank u.

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  • @mike:

    Lin bei is taking to 台独分子。 Lim Peh not taking to true blue singaporean.

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  • Singaporeans R Free Riders:

    mike:
    Dear @ 50c of Great Middle Commie Land

    You Lin Bei what? LimPeh also don’t know to spell.
    You 4th generataion SGrean? KNN shameful, you sounds more like por lan par CCP cxxk worshipping hamster.

    Ok, now go back to spin the wheels or else no puppy food for you.

    Hahaha … you took the word out of me…

    Lin Bei (林北) is more like ROC Taiwan 呆湾 Chink.

    想伪装也不会?哈哈哈

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  • Singaporeans R Free Riders:

    k:
    So sad. TRE has become the tool for American hegemony. Their agents are here to attack anyone that is speaking against American crimes and warmongering or speaking good about China’s contribution to help and uplift the developing countries with its massive injection of funds to the BRI.

    The American dogs are snarling and biting at everyone not agreeing with them.

    You are blind China puppy…snarling and biting at everyone not agreeing with CCP.

    PAP is the best.

    Americunts allow poke backside and porn publicly. (Amos Yee supporters would agreed)
    Chinkcunts does not allow poke backside and porn.

    PAP allow discreet poke backside and porn in your own private bed room.
    And PAP make everyone rich with Singaporean going for France cooking course.

    PAP is the best

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  • Factchecked:

    BK: Lol. Since u said Im wrong. Why dont u just post the link that shows Im wrong. Some data of mine are paid and proprietory.

    Post it (:

    Every time you are shown to be wrong, you twist and turn, and shout obscenity.

    Now, better for you to show you are right.
    You make a very clear claim: “about 90% of global debts is Usd denomiinated”

    Paid and proprietory? What a joker. If you are really such a sucker for that p and p stuff, it’s time you get your money back.

    Now that you can’t twist and turn anymore, you claim secrecy. Fake, just admit fake.

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  • BK:

    Factchecked: Every time you are shown to be wrong, you twist and turn, and shout obscenity.

    Now, better for you to show you are right.
    You make a very clear claim: “about 90% of global debts is Usd denomiinated”

    Paid and proprietory? What a joker. If you are really such a sucker for that p and p stuff, it’s time you get your money back.

    Now that you can’t twist and turn anymore, you claim secrecy. Fake, just admit fake.

    Lol. U make the accusation I was wrong. But u cannot back it up. As for obscenity, u guys started it first, when u cannot take it , shout mother and father. I mean, have some steel dude.

    Who is twisting and turning? Did u in fact post a link u didnt read? Do u or do u not understand usd and debts? U nitpick but failed to engage in the thrust of the arguments.

    Now, let me give u some clues. Look at the debts at domestic and international, then look at the major currencies.

    Hope it helps (:

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  • Factchecked:

    Talk so much. Pretend to be a big expert.

    You throw up a “fact”, but cannot back it up with an open reliable source. Hide behind some confidentiality or secrecy cover. Still have the cheek to ask for help to estimate the real figure.

    Please lah, stop. So demeaning to yourself.

    As for the link that you hold on like a treasure from heaven, there are lots of prediction how China/USA/EU/Russia will go down. So happy over one prediction?

    BK: Lol. U make the accusation I was wrong. But u cannot back it up. As for obscenity, u guys started it first, when u cannot take it , shout mother and father. I mean, have some steel dude.

    Who is twisting and turning? Did u in fact post a link u didnt read? Do u or do u not understand usd and debts? U nitpick but failed to engage in the thrust of the arguments.

    Now, let me give u some clues. Look at the debts at domestic and international, then look at the major currencies.

    Hope it helps (:

    GD Star Rating
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  • BK:

    Factchecked:
    Talk so much. Pretend to be a big expert.

    You throw up a “fact”, but cannot back it up with an open reliable source. Hide behind some confidentiality or secrecy cover. Still have the cheek to ask for help to estimate the real figure.

    Please lah, stop. So demeaning to yourself.

    As for the link that you hold on like a treasure from heaven, there are lots of prediction how China/USA/EU/Russia will go down. So happy over one prediction?

    Lol. China or US go down, or whatever thats not the point. The point is your hypocrisy, fact checked? U dont even read links u sent.

    As for the rest of your salivating….well, is just that…Guess u have eaten enough crow. Rest for the weekend dude. Dont feel too sad (:

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  • BK:

    No la, never said I was big expert. But in the land of the blind, one eyed jack is king. So I empathised why u may feel Im an expert. I humbly reject such accolades. Paiseh (:

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  • Factchecked:

    Sidestep the main issue, again and again.

    Come on, prove your “fact”:
    “about 90% of global debts is Usd denomiinated”

    This figure that you claim to be true and even “paid and proprietory” is very far from the truth.

    Anyone with some elementary knowledge of global finance will know that it is false. You can’t prove a false figure to be true. Instead of admitting this, you twist and turn and thrown in irrelevant stuff.

    BK:
    No la, never said I was big expert. But in the land of the blind, one eyed jack is king. So I empathised why u may feel Im an expert. I humbly reject such accolades. Paiseh (:

    GD Star Rating
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  • BK:

    Factchecked:
    Sidestep the main issue, again and again.

    Come on, prove your “fact”:
    “about 90% of global debts is Usd denomiinated”

    This figure that you claim to be true and even “paid and proprietory” is very far from the truth.

    Anyone with some elementary knowledge of global finance will know that it is false. You can’t prove a false figure to be true. Instead of admitting this, you twist and turn and thrown in irrelevant stuff.

    Lol. Post your truth. Whats stopping u? Scared to post or have no clue? Post it (:

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  • Factchecked:

    BK: Lol. Post your truth. Whats stopping u? Scared to post or have no clue? Post it (:

    Since you are willing to pay for data, of course, you also have to pay for this figure that comes from lots of hard work. Why should you get education for free?

    If you pledge to donate $1000, with proof, to TRE, the true figure can be posted here.

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