China Is Preparing To Shock The World

KingWorldNews.com
Sept. 28, 2015

After another wild week of trading in global markets, today one of the top money managers in the world told King World News that China is preparing to shock the world.

Stephen Leeb: “Someone from the IMF just said that the chances are 99 percent that China will get approved for reserve currency status. If they do (get approved), how long before China says, ‘Now that we are approved as a reserve currency, now that the world can trade with the yuan, we want to put a little more backbone in our currency, how about backing part of our currency with gold?’ That is definitely going to happen, Eric…

The Rest…HERE

This entry was posted on Monday, September 28th, 2015 at 11:27 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.