Alasdair Macleod: China is Now Overtly Pushing for the US Dollar to be Replaced as the World’s Reserve Currency!

Socio-Economics History Blog


  • China and gold ! 
    by Alasdair Macleod, 
    China is now overtly pushing for the US dollar to be replaced as the world’s reserve currency.

    Xinhua, China’s official press agency on Sunday ran an op-ed article which kicked off as follows:
    “As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.”

    China does have a broad strategy to prepare for this event. She is encouraging the creation of an international market in her own currency through the twin centres of Hong Kong and London, side-lining New York, and she is actively promoting through the Shanghai Cooperation Organisation (SCO) non-dollar trade settlement across the…

View original post 203 more words



Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s