An internationalized yuan established as a global reserve currency implies a "market-determined" exchange rate policy.
The reality of London's delusional calling is like getting hit by high-speed train.
Beijing wins this round...
Actually it is a pressing issue.
Plastic ham, anybody?
Billion, Five Guilty of Market Rigging
So why is this happening?
The correlation of forces (between the Rothschilds and the Rockefellers who are partners and competitors at the same time) is defined by the balance between the dollar and gold.
When even the staunchest stooges of empire seek alliances in the East, the writing is on the wall, that the economic winds are shifting, that a tectonic sea-change is in the offing and that the Iran nuclear deal, one way or another, doesn’t really matter in the foreseeable future.
“We are a Left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer,” said a senior official.
The Chinese know the future belongs to them, and they are beginning to flaunt it.
For every dollar the US spends in the IMF, four dollars are leveraged from other members...
Germany, sooner or later, must answer a categorical imperative - how to keep running massive trade surpluses while dumping their euro trade partners. The only possible answer is more trade with Russia, China and East Asia.
Just what is China buying with all these stealthy USD-denominated liquidations, and how much gold does the PBOC really have as of this moment.
China concentrating on itself is now as important as China spreading its tentacles across the world.
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