China is overtly pushing for the US dollar to be replaced as the world's reserve currency. Following recent events in the US, China's official press agency stated it is perhaps a good time for the befuddled world to start considering building a de-Americanized world. China has been encouraging the creation of an international market in her own currency whilst at the same time quietly accumulating reserves of gold. Little of the 440 tonnes of annual production makes it to export and is presumed to be held by the government. The West is selling its stocks of gold and central banks are now having to issue currency in accelerating quantities. In the process China and Russia have been able to establish an economic block with the common feature of gold. (VIEW LINK)
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