A good morning read:
http://www.businessweek.com/articles/2013-10-14/chinas-state-press-calls-for-building-a-de-americanized-worldChina's state press calls for building a "De-Americanized" world.
Get this though, part of China's proposal is:
Key among its proposals: the creation of a new international reserve currency to replace the present reliance on U.S. dollars, a necessary step to prevent American bumbling from further afflicting the world, the commentary suggests.
Could this be Bitcoin and the thinking behind China's embrace of Bitcoin?
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I think they want to see a basket of currencies where gold is one of the monies. There are SDRs but Imm not sure to what extent China could gain enough influence over that one since they are issued by IMF (if I remeber correctly) and IMF is owned by US. Actually what I think they want is to keep a strong dollarr, devalue against it and hedging it by allocation of hard money and assets and then when they could have a super strong currency and when imports has become expencieve they will let their own currency appreciate soso they can buy the world assets for cheap and borrow at loww rates. I think thats their long term plan and Bitcoin a blackswan. Nothing bad with Chineese people getting some Bitcoins and hard money though. Much better then if Chineese hoard dollars II dont think the gov want them to do that.