Leveraging America’s Gold Reserves to Create a Monetary Transformation
Longtime reader Stefan Brunotte asked the following questions back on June 21:
“With the switch towards the RMB commencing, what time frame do you see for the depegging of the RMB to the USD? What do you believe has to happen before the Chinese are ready to take the full leap?”
We will use Mr. Brunette’s questions as the springboard for this article.
The obvious answer I have based on the title of this post is that China will not have to take action. It is possible that the Trump Administration will end the international reserve status of the dollar as a method of protecting America’s domestic economy from outside influence. That is how it could be sold.
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