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China plots against the dollar hegemony

http://www.examiner.com

According to a leaked cable the increase in China’s gold reserves is intended to “kill two birds with one stone.” Firstly, it serves as a model for other countries to encourage reserving more gold, and therefore less USD. Second, it strengthens the Chinese currency, the Renminbi, so that it can begin to replace the declining USD as the world reserve currency. All of this spells bad news for the American economy.

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MuslimNonarchist's picture
Created by MuslimNonarchist 2 years 31 weeks ago – Made popular 2 years 30 weeks ago
Category: Commodities / Metals   Tags:

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