While headlines focused on China’s rare earth export restrictions, a much larger story slipped through: Beijing told BHP to stop buying iron ore in U.S. dollars. In this breakdown, Jay Martin explains why that quiet move toward renminbi payments could mark a historic shift away from dollar dominance.
I'm not surprised why China seems ok, agreeing to resume purchase some soybeans from US, delaying rare earth restrictions and so forth as those in my opinion in some ways are merely distractions to keep those morons busy without paying much attention on China's long term goal to end the USD as the world reserve currency in the most sneaky way possible.
