EXTRACT -

"Unlike the welfare-driven economies in the west, China has sufficient political authority and internal control to survive a rapid deflation of bank credit. When this inevitably happens the economic consequences for the west will be very serious. Japan and the Eurozone are already facing economic dislocation, and despite over-optimistic employment numbers, the US economy is faltering as well."

http://www.financeandeconomics.org/the-new-order-emerges/

Clearly, Russia and China are trying to knock the dollar off it's pillar as the world's reserve currency. It explains their massive gold buying of recent years, and manipulations of prices in various markets. As one example of many, look at REEs as noted by "60 Minutes" recently.

Meanwhile, "...the US economy is faltering as well," and just in time for the next presidential election.

VP