Nomi Prins, The Daily Reckoning, Released on 9/13/16
As the U.S. distracts its population with campaign footage, China could take the next step to overtake the U.S. as the world leader.
The non-U.S. International Elites (with China leading the charge) have been pushing to get the yuan addition to the Special Drawing Rights (SDR) in place as scheduled, before the U.S. election. This is no accident. China has been keenly monitoring the events leading up to Nov. 8. and is eager to insulate the Chinese economy from the U.S. dollar, and its new president.
As I learned while traveling in China earlier this year, China believes that next U.S. presidential administration will provide it with more impetus to compete with the U.S. for global power.
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents’ Bankers: The Hidden Alliances that Drive American Power.