As the West wakes up to the reality of the Epstein class, China plans a global reserve currency

It was released a few days after the latest batch of documents in the Epstein files was released in the United States, and people around the world were reeling from the disgusting revelations those documents contained about the behaviour of the global Epstein class. "Although China is already a major financial country, the world's largest in terms of bank volume and foreign exchange reserves, the second largest in the world in terms of bond market and stock market, and the scale of insurance is also among the best, but overall it is large but not strong," he said. It said nothing about Mr Xi's veiled criticisms of the financial culture of the West, or of his belief that finance has to remain tethered to the real economy to avoid the consequences of extreme financialisation and the corruption that comes with it.

Author: Gareth Hutchens

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