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Exclusive Nicholas Glinsman Interview: Unveiling the Secrets of Real Estate & Dollar Risks

Lead-Lag Live

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The Chinese Won't Give Up Control of the Currency

China will not give up control over the currency. They won't give up their surplus to provide a deficit, which supplies the rest of the world with the reserve currency. Singapore is winning over Hong Kong and it's increasing. There is a battle to become Asia's financial hub. The law of finance is basically common law. It's Anglo-Saxon law. And that's where you as a fiduciary get recognized in terms of what's implicit in the dollar as a reserve currency.

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