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Helping China Hasten the Dollar's Demise [View article]
* dybydx:
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i dont think the issue here is china or brazil trying to de-throne the USD. i think the broader issue here is that the US econ and therefore USD is intrinsic value.
Chine is in fact trying desperately to dethrone the US Dollar. And they are doing it in increments cause its not gonna happen over night and they know this. they can't allow it to happen over night as they have too much money invested right now in the US Dollar.But, if you care to do some research,you'll notice China and a few other nations are limiting how much they invest (further) in the US Dollar, as this will allow them to eventually find a replacement for the Reserve currency(The US Dollar).Those who refuse to see this , will unfortunately have a rude awakening one day......