Is China Headed to Become the World's Financially Strongest Country?
Yes
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No
Side Score: 0
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There is a huge difference between currency and money. Currency requires the faith in government like cash. Money requires nobody because it has instinsic value and time tested as first as a commodity, then as a medium of exchange. this is gold and silver. Whoever has the gold, wins For the past few years, china has been collecting gold and silver while opening up new metals exchange markets. They are also making deals with other countries to trade in terms of gold and yuan, completely bypassing the dollar. As with the law of supply and demand, if more people are passing up the dollar, there will be too much of it and the value of the dollar will goto zero. Whereas china is holding and amassing the gold/silver will have intrinsic value and thus be able to trade globally in gold and yuan. When the Euro and dollar collapses, gold will be first choice, then any currency backed/convertible in gold. Look out for the BRICs nations - brazil, russia, india, china - they are gathering their gold. Side: Yes
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