know what China really wants and in which direction China is going?
answer: China wants to be the most powerful financial power on the
planet. Note that I said China wants to be a "financial power,"
not a military power. Militarily, China simply wants to neutralize
the US, and be on a military level with the US. China knows that
nobody can win the next major war between super-powers (both sides
would be utterly destroyed).
financial strategy to make the yuan (renminbi) the world's
leading currency. China wants the yuan to take the place of the
US dollar in world trade and they want the yuan to be the world's
reserve currency. China is going about this in slow, deliberate
is making strategic alliances with a long list of nations. This
means that they will trade, using currency swaps in China's currency,
the yuan. This will result in eliminating trade in US dollars. The
Chinese alliances include Malaysia, Belarus, Hong Kong, Indonesia
and more recently Brazil and Argentina.
China is also
moving to create currency swaps with the Arab nations. More ominously,
this means that China ideally wants oil quoted and traded in yuan
rather than as it is currently quoted and traded in dollars.
China's new strategies? The fact is that China has been smarting
under many decades of bad-mouthing and disrespect. China is a nation
of 1.3 billion hard-working people, a nation pulling itself out
of deadening poverty and fast-becoming the leading economy of the
world. Today, no trend or major deal is transacted without considering
it's affect on China or China's affect on the transaction.
that China wants the yuan to be the world's new reserve currency.
Ask yourself this if you are dealing with a currency, would
you rather deal with the currency of a nation with a huge hard-working
population, a nation with the largest reserves on the planet
or would you rather deal with the currency of a nation drowning
in debt, a nation whose currency is in a multi-decade decline, and
a nation which is steadily losing its productive and manufacturing
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© 2011 321 Gold