Includes handy charts...

For starters, China is buying gold. And not just a little bit either. They bought 454 tonnes of it during the last five years and have shown no signs of stopping.

  More than anything, China has been on a worldwide buying spree this year. But instead of buying our debt, they've been buying up natural resources.
The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth. The sheer scope of the agreements marks a shift in global finance, roiling energy markets and feeding worries about the future availability and prices of those commodities in other countries that compete for them, including the United States.

   They've also spent $586 Billion on themselves, stimulating their own economy rather than ours.

   Adding to that, China has been making currency swap agreements with nations around the world. That means that they will be able to trade with foreign nations in their own currency, and not have to use dollars.

 And this bit: "As a region, Asia has created a $120 Billion Asian Monetary Fund - directly undermining the IMF, which has the same mandate. America holds veto power in the IMF, but no power in this new international body."


You can't be me, I'm taken