The move away from a dollar/federal reserve dominated monetary system continues.
China’s official press agency, Xinhua, recently released an op-ed calling for a de-Americanized world and the need to move away from the dollar to a new primary reserve and trade currency.
The Chinese recognize that the yuan is not the answer.
Therefore, what is the answer?
The battles is on for control of the IMF…will China get a seat at the table? I suspect they will continue to buy gold and when that day comes for restructuring, they will have the ability to look the west in the eye.
When Jim Rickards speaks, we should listen…
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