Danger For The West As China Makes Global Chess Moves
October 31, 2013
Today one of the most highly respected fund managers in Singapore spoke with King World News about how the the Chinese are now making global chess moves that threaten the West. Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also warned about an approaching moment, “when it will get very dangerous for the US dollar.” Below is what Williams had to say in part I of this interview series.
Eric King: “Stephen Leeb was speaking to KWN yesterday about the Chinese positioning themselves to eventually declare financial war against the United States, and particularly against the US dollar.”
Williams: “The motivations and the strategies of the Chinese are incredibly important. We’ve seen this happen slowly. At first it was small swap agreements between China and other countries. But very slowly the amount of world trade that’s being done in renminbi has gone from zero to about 17% in the last few years….