China advances in challenge to dollar hegemony
JULY 1 2021
”China has already made one attempt to turn the renminbi into an international currency and reduce its dependence on the dollar. It is now trying again, and this time things really could be different.”
https://www.ft.com/content/efa3ec2b-5be8-413f-b23c-cc9b9bff1261
China just took the next big step towards dethroning the dollar as #1 global currency. And the weird thing is – it could send gold soaring. Here's why...
”Gold is MUCH more attractive around the world than the yuan, so these new gold-backed contracts are opening the door for the petrodollar to be overturned... PERMANENTLY.”
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Kind regards,
