The Faith-Backed Dollar Fears A Gold-Backed Yuan

"“China may be preparing to update its disclosed holdings because policy makers are pressing to add the yuan to the International Monetary Fund’s currency basket, known as the Special Drawing Right, which includes the dollar, euro, yen and British pound,” Bloomberg reported on April 20. “The tally may come before the IMF’s meetings on the SDR next month or in October, Nomura Holdings Inc. said in an April 8 report.” The big reveal is a concern for the United States – and the future of the U.S. dollar…"