IMF team in China to assess reserve-currency status for yuan

Economics, FREEPOM

Nary a mention in the western media. One has to ask the question why China is so keen on having this happen, along with adopting the IMF data reporting standards.  Could it be that the POM thesis was correct all along?  It’s looking that way.

US senators promoting propaganda against this happening. China calling out the debt ridden G7. Russia is still played as the uber bad guy.  The sovereign debt crisis is deepening.

Seems like the much discussed Hegelian Dialectic is moving along as expected.  Giving the US plausible deny ability on the multilateral transition.  -JC

Also reference this article for further confirmation on integration between BRICS Bank and other global institutions, such as the World Bank. Definitely not the overthrow of the western banking system that some are predicting.


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