Clash of the Money Giants: China Lays the Groundwork to Rival the Dollar – The American Spectator | USA News and Politics

The arithmetic of money is incorruptible: when it comes to international settlement systems, the pricing of commodities and energy, and access to the credit system, the U.S. dollar still reigns unchallenged. Eighty-nine percent of all foreign exchange transactions are conducted in greenbacks — central banks, commercial banks, and other capital…

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