De-Dollarization: China Squeezes USD Debt By Guaranteeing RMB Bonds In The Global Markets

De-Dollarization: China Squeezes USD Debt By Guaranteeing RMB Bonds In The Global Markets
The currency wars are heating up with China using their world bank to guarantee RMB bonds. This is a big move to internationalize the Chinese currency while chipping away at US dollar dominance in the debt market. Here's how it works and why this could evolve into a big threat against the dollar system.