"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The World's Largest Economy Wants A Greater Share Of The Monetary Pie
Submitted by A. Magnus on Wed, 2015-04-29 00:00
"China’s steady encroachment to the heart of global finance could eventually reshape the international monetary system. With the International Monetary Fund and World Bank beset by weak leadership, hamfisted decisions (not least over Greece) and failures in governance reform, China is attempting, from within and outside, to adjust the rules of the two Bretton Woods institutions founded in 1944."
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