reply to post by purplemer
To understand why they are in no position, you have understand how the global central banking system works.
At the top of the chain is the Bank for International Settlements based in Basel, Switzerland. It is the oldest international bank and acts as the
central bank for the world's central banks.
Its six ex officio members of the Board of Directors are the central bank chairs of the US, UK, Germany, France, Italy, and Belgium.
China isn't one of the six ex officio members.
In 2009, at the London G-20 summit, the BIS and the G-20 formed the FSB, Financial Stability Board. The FSB is an arm of the BIS. The PRC, being
member of the G-20, submitted financial soveriegnty to the FSB, as have all other G-20 members.
The FSB dictates and manages global financial policy.
If they rebel against what they have already agreed to there will be consequences that could easily collapse China's economy.
A number of scenarios could cripple China's economy.
1. The BIS and its arms could flood the gold market, causing the current gold bubble to burst.
2. The US could default on its debts, causing the US dollar to collapse.
3. The price of oil could skyrocket.
4. The price of food could skyrocket.
The PRC depends on oil and food imports to support its population. They have been stockpiling large amounts of gold. If their largest consumers, the
US, default and no longer are able to feed China's economy, they will weaken. Then if the BIS, IMF and others flood the gold market, all of the gold
China has stockpiled will be worthless. They will be unable to sustain their economy, feed or fuel their population. Instability and crisis will
result, potentially even a Soviet style collapse.
If thats not enough, NATO could finish off militarily what the economic collapse failed to.