The Chinese Financial System is not clear and not yet adapted for 1.3 billion people ….. But after the end of the dollar as the de facto world currency, if China decide to back its Yuan with physical gold !!! the world will be WIDE OPEN for the """Middle Empire"" !!!
China owns already many societies and lands worldwide , has commercial agreements with most of the countries and has many high level technologies sold by Westerners !!!!
At least 600 millions Chinese people live in poverty, so the potential of development inside the country is huge ….
M0 in Yuan is even low, in comparison with USD and Euro and population in US and Eurozone 4 times less big. . ( http://www.pbc.gov.cn/publish/english/955/2013/20130912105329509814969/20130912105329509814969_.html ) ; ( http://www.tradingeconomics.com/china/money-supply-m0 )
A gold backed Yuan as an international currency could be used by China for the little business sectors not yet in the Chinese hands …
It would be a back in time before the opium war in the 19th century , or even, in the 14th century with the powerful Chinese empire which helped admiral zheng he to discover the world !!!
No comments:
Post a Comment