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Thursday, June 3, 2021

Australia has a devastating secret weapon against China — David Llewellyn-Smith

The floating Australian dollar. I wonder whether David Llewellyn-Smith following his own reasoning and going short.

Macrobusiness
Australia has a devastating secret weapon against China
David Llewellyn-Smith in Australian Dollar

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Russian Finance Minister Anton Siluanov said earlier that Russia will completely abandon the US dollar and will reduce the pound sterling share in the National Wealth Fund’s structure
TASS
De-dollarization takes place in many countries — Kremlin

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1 comment:

  1. mike normanJune 4, 2021 at 6:31 AM

    "And Australia itself will still be young, rich, and, most importantly, free." -David Llewellyn-Smith

    A collapsing currency doesn't make you rich. It's literally a collapse in your nation's standard of living.

    Exporting real assets to the rest of the world with declining terms of trade.

    Who is this fool?

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