Whether you realize it or not, China is very quietly knocking Uncle Sam out of the World Reserve Currency box…and very few are paying attention to it.
The South China Morning Post recently reported how Chinese start-up companies accounted for 47 per cent of the world’s venture capital funding in the second quarter.
This was first time in history they surpassed North America in fundraising (US had 35%).
Let’s face facts.
Investors in China have over 1.4 Billion consumers to chase after compared to the US having roughly 350 Million.
In Plain English that means they are merely scratching the surface. Those numbers are likely to increase in the future.
This is only part of the real reason why China will surpass the United States while taking over the title Financial Capital of the World.
If you’ve been following China’s “Belt and Road Initiative” (BRI) where they are re-building the famous Chinese “Silk Road,” you’ll know how they’re poised to dominate most of the global trade. We wrote about it (HERE) and (HERE).
It’s not a matter of IF they take over, it’s a matter of WHEN and HOW.
History proves how the Chinese are a very patient people. And they tend to think in terms of generations (unlike American businesses who focus on next quarters earnings).
So, they’re not going to say, “Get out of the way, we’re taking over!”
No, it will be subtler.
The Trillions they’re investing into the BRI involves transportation (both land and maritime routes) from the Pacific coast of North Korea to the Mediterranean through Syria.
Are you connecting the dots here about why there’s been so much activity concerning Syria and North Korea lately?
The global impact of this is mind boggling.
Learn how it shapes our future and how to profit from it.