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Published on Gold Anti-Trust Action Committee (http://gata.org)

Alasdair Macleod: A collapsing dollar and China's monetary strategy

By cpowell
Created 2020-06-25 19:31

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, June 26, 2020

This article describes how China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured .

Furthermore, a return to sound money requires China to reverse its interventionism under Xi, returning to Deng Xiaoping’s original vision. Sound money can only last if the relationship between the state and the wider economy is properly addressed.

... Dispatch continues below ...


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Of all the major economies, China’s is best placed to implement a sound money solution. At the moment it seems unlikely the necessary reforms will be forthcoming; but a general collapse of the global fiat currency regime presents the opportunity for reassessment and change. ...

... For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/a-collapsing-dolla... [2]

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Source URL:
http://gata.org/node/20244