MikeCristo8
@MikeCristo8
Remember, as the yuan is backed by gold, in the IMF basket of SDR’s, the new SDR basket will consist of 95% yuan and 5% USD.
At that point the IMF is rolled up into the BRICS New Development Bank.
The World Bank will become the Chinese World Bank. And yes, the renminbi will replace the USD as global monetary trade payment settlement via oil being backed by gold through renminbi internationalization.
The Dollar will be replaced globally. That’s why China will raise their gold price to $2,300 next week via the SGE.
China is going to break the dollar; gold paper contracts, derivatives implosion.
