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MENEF - A Collapsing Dollar And China's Monetary Strategy
Amador Gold Corp. New
This article describes how China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured .
Furthermore, a return to sound money requires China to reverse her interventionism under Xi, returning to Deng Xiaoping's original vision. Sound money can only last if the relationship between the state and the wider economy is properly addressed.