China Wants Out of the Dollar

Nothing gets printed there that they are not in agreement with. It basically calls for a de-Americanization of the world. It is a signed op-ed go up — calling for de-Americanization and basically saying that the global dollar has been abused by the US. 

The intentions are clear, China wants out of the dollar, but they do not have the capability. This could be kind of a five- year project, which they are now pursuing in earnest. This is a shoving match between China and the US. behind the scenes at the IMF.

- Jim Rickards