DiggerUK

Is China Really Trying to Create a Global Currency?

This story seems to have a long way to run.
Recently Hilary Clinton went to China, the minutes of those meetings are of course unavailable. Who wouldn't have volunteered to be a fly on the wall there !

The timing of this Chinese proposal is interesting, a few days before the G20 meeting.
The US response is even more interesting, no rubbishing of the idea, just a mute "I don't believe there is a need for a global currency" from Obama.

It will be incumbent on all of us to read between the lines of everything that comes from the G20 summit.