Yuan Poised to Become Reserve Currency, Goldman's O'Neill Says - Bloomberg.com

Yuan Poised to Become Reserve Currency, Goldman's O'Neill Says - Bloomberg.com
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"The Chinese government will "eventually" allow the yuan, or renminbi, to trade freely on foreign-exchange markets, dropping the system under which it controls its value, O'Neill wrote in an essay that formed part of a report published today for Chatham House, a London-based foreign affairs research organization."

Unless they make major changes in their system, China is not going to do nearly "as well" as the article suggests. They are headed for environmental collapse and possibly a major attack as the number one current threat to U.S. global hegemony.    

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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