China is in the process of destroying the PETRODOLLAR, by preparing to buy and sell it in Yuan, which is immediately convertible into GOLD. This is a DEATH threat to the petrodollar, which I personally hope the Chinese are able to realize, GDA! That being said there are many people in China who can't wait to get their wealth out of there, to someplace they have more control over it. When wealth is TRANSFERRED out of the geographical control of ANY nation state, that nation's power is reduced. That's why you can't use PAYPAL outside of the US. That transfers money or items of value outside of the geographical control of the USA. They consider it ECONOMIC WARFARE; even though the persons who are getting hurt the worst are retired-expatriates of ALL nations. Durring WWII, which was basically a civil-war between AMERICA's wealthy elite, 50 milion people lost their lives, most of whom were CIVILIANS. Guess what, they're doing it AGAIN!!!!!
Here is what I hope the Chinese do. I hope they TEMPORARILY suspend the use of BITCOIN and any other crypto-currency they feel threatened by UNTIL the Chinese are successfully buying and selling OIL in YUAN. The Petrodollar is a threat to the WHOLE-WORLD not just the Chinese. Once the threat of SABOTAGE by the USA is past, I hope the Chinese allow crypto-currenycy again. I believe the Chinese are supposed to have completed this project before the end of 2017, which is NOT that long to wait. IF this is what the Chinese do, I wish them well in their venture and cheer them as LIBERATORS, albeit unintentionally so...