In previous posts we shared information that China wanted more voting power within the IMF, and China called out the U.S. misuse of the world’s reserve currency.
Below Jim Willie discusses his research about the U.S. Dollar decline:
“Attempts by the Federal Reserve to dial back its super-loose monetary policy are good for China because it shows the world’s largest economy is improving, China’s Finance Minister was quoted as saying on Sunday.” [Implications of pressuring the federal reserve? Implications that China will manage fine with the reduction of funny moneys in the global Exchange markets, even as some nation’s exchanges will suffer?
There was a admission that China could not maintain the unrealistic growth of the past (not remain the future growth engine of the world economy).]