276. China Plans to Replace US Dollar as Global Reserve Currency

The Chinese Communist Party (CCP) “believes in a zero-sum game,” says U.S.-China commentator Solomon Yue, who escaped China in 1980 some years after Red Guards raided his home and threatened his life during the Cultural Revolution. “Why take a slice of our pie if they can take the whole thing?”—is the CCP’s mentality, he adds.

This could offer a hint to the agenda behind its Belt & Road initiative— China’s global infrastructure development plan.

The CCP wants to replace the U.S. dollar as the go-to international currency with China’s RMB. As it trundles along its Belt & Road path, extending its tendrils into largely developing countries, the CCP aims to win the young lives along the way—embroiling them in the cycle of taking CCP money and feeding it back into the CCP’s economy.

What is its overarching agenda?

Hosted by freelance reporter, Brendon Fallon, Wide Angle is following the latest political developments in the United States and abroad, and finding the connection between these and the larger global trends of our times.

Wide Angle is an NTD show available on YouTube and on the NTD website.

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