China take over the world

http://www.ft.com/cms/s/0/7851925a-1...0779fd2ac.html

Nicola kindly sent me this link about China's request for a new reserve currency.

This could signal far more than what is written here.

My Chinese business partner is very well connected with Government Leaders (equivalent to Cabinet Ministers) and during my visits always takes me with him when he meets them.

They have been talking about replacing the US$ as a reserve currency for the last 2 years that I know about and have even entered into discussions with their European counterparts on it (don't know about US).

So, this is nothing new, except this time, they have put it in black and white which I find very interesting.

No-one should under estimate the Chinese. It is my belief that long after I've been eaten by worms, China will be the next World Power.

Don't believe me? or maybe you have your head up your aspect? Think again, watch, listen, read; it is happening now right before your very eyes while you choose to ignore it.

I have been visiting China now since 1999. In these last 10 years, China has grown faster than at any time the US ever did. Shanghai bj has lived here for 10 years so he will probably know more.

In 1999, my Chinese business partner was a poor, but well educated (degree in Electrical Engineering), mountain boy just starting out his own one man business, having left a safe, secure job in industry. Today, he is a $multi-millionaire, one of China's Nouveau Riche, owning several businesses, factories, and properties in both China and USA.

He got there with a lot of hard work, dedication and perseverance with a lot of luck thrown in but he was also supported, financed and encouraged by the Chinese Government. How many other Governments can you think of that support a "little nobody?".

Even now, as successful as he is, he has, last week, been given, yes GIVEN (and without any strings or ties), not a loan, almost $1million by the Chinese Government for future investment in his companies.

We are using this to invest in people and equipment in both China AND our US operation which, (unfortunately for me), we are going to scale up.

Does this tell you anything? China is investing heavily while the rest of the world is crying in their beer over the financial credit collapse. My wife tells me she saw on CNN that realtors in parts of the US were organising package tours for the thousands of "ordinary" Chinese coming to the US to buy property.

It is no secret either that Chinese students in all the academic institutions are ALWAYS in the top 2%.

I read 2 weeks ago that China's manufacturing Productivity was up over 2% for the first 2 months this year. Read that again: up over 2% - and this while the rest of the world (yes, even India) is on double negative figures.

China has already over taken the US as the world's largest manufacturer of cars. How long before your US GM, CHRYSLER & FORD (if they are still in business) are manufactured in China and then sold throughout the world? Not that far off.

The Chinese Government already owns $trillions of US debt and in theory could bankrupt and buy the US.

Who do you think it was that started the downfall of the Euro in July last year by buying $millions of TBonds?

The Chinese Government, both directly and indirectly, is investing heavily in US and Europe properties, businesses and stocks at super low discount prices.

I could go on....and on.....and on.......Hopefully, you get the picture and REACT to it. Ignore at your peril.

I have not raised this for points of discussion - only to make you aware.