The wave of distrust in the dollar intensified after the German Bundesbank demanded the return of the huge quantity of gold stored in the U.S. Federal Reserve, who refuses to do so before 2020.
China and Russia joined to fight the dollar as reserve currency par excellence. This judgment issued by the prestigious American trader Russ Winter, who claims that Beijing and Moscow would already shaping the first part of a plan against the hegemony of the dollar on world markets.
China is conducting a two-stage plan against the dollar in an attempt to deprive the U.S. currency's status as world reserve currency, says investment manager Russ Winter.
According to the analysis of the blog ZeroHedge, China does not like the hegemony of the dollar as reserve currency: the Bank of China already in 2009 claimed that the domain of a currency in the world carries a high risk of crisis contagion.
In the last five years is spoken increasingly of the need to change the paradigm of global currency. Economists are increasingly confident about the decline of the U.S. dollar whose main disadvantage is its strength illusory.
