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Richard Turrin
@richardturrin
Author | Influencer | #Asia | #China | #CBDC | #Dedollarization | Speaker | Consultant | More: richturrin.substack.com
Shanghai
Joined December 2017
Posts
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    🇨🇳 China won't use #digitalyuan to bypass sanctions and bail out Russia, says Turrin West 10 years behind China on #CBDC. De-dollarization is unstoppable. Interview on @asiasquawkbox Cashless my 5⭐ bestseller on China's #CBDC amzn.to/3jcCVu5 cnbc.com/video/2022/03/…
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    1/6 🧵#DEDOLLARIZATION DAILY: Does the US Treasury Secretary live in an alternative universe? ""If they (China) sell Treasuries, then they would have to buy RMBs, and it would strengthen their currency. And they've been doing just the opposite," No, Mr. Secretary, China
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    The #CIA is buying your ad-tracking data from data brokers. How are the US and China different? 1) Both China and the US use your digital footprint for surveillance. 2) In China, the social contract clearly states that your data is fair game for surveillance. Meanwhile,
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    Replying to @thecyrusjanssen
    Great post Cyrus. The Huawei bans were made under the foolish assumption that Huawei was a static industrial behemoth of the 1950s. What the US missed is that #Huawei is one of the world's great innovators. The US merely forced Huawei to innovate around the bans. Yes expensive
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    #DEDOLLARIZATION DAILY: De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says A myth? 1) A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia
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    These countries rank highest for digital competitiveness And no surprise China No.1, but US No 14 is a shocker. Thanks to: @psb_dc @efipm @BrettKing @leimer @spirosmargaris @BetaMoroney @jimmarous #fintech #CashlessChina
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    Russia launches digital ruble pilot with 12 banks Digital ruble will connect with digital yuan. Sanction resistant @psb_dc @BetaMoroney @leimer @spirosmargaris @efipm @BrettKing @stratorob @jimmarous #fintech #CashlessChina #CBDC #finserv bit.ly/3o8b68d
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    #China could reach chip tool self-sufficiency this summer, industry veteran says Where is the shock and awe promised by sales bans? China is simply not going to stop making chips or advancing AI. #techwar #chips @baoshaoshan @PSTAsiatech buff.ly/4dvDsAt
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    Replying to @thecyrusjanssen
    Absolutely fabulous thread Cyrus! Spot on! What I also found amusing was that the exchange on Xi's part was very candid and honest. In the press it was called: "scolds, lectures, chides" and more adjectives that are all negative. Great coverage!
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    Purchasing Power of the U.S. Dollar Over Time is one scary graph. Adds to desire to find alternative in #BTC or other. visualcapitalist.com/purchasing-pow… @psb_dc @efipm @BrettKing @ursbolt @leimer @spirosmargaris @BetaMoroney @jimmarous #fintech #innovation #technology
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    Go #Singapore! “The fintech sector is a powerful creator of jobs," 10,000. "5 years ago, we had about 50 fintech firms; we now have more than 1,000” @psb_dc @efipm @lexsokolin #fintech #banking #innovation #technology news.efinancialcareers.com/sg-en/3004288/…