by Nomi Prins
Daily Reckoning
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.