IMF's denial of China into SDR will lead to Yuan ending dollar domination sooner

To understand this better, China and Russia have been trying to end the U.S. dollar being the most used Currency for World Transactions for years now. But, because of the oil deal between Russia and China after Sanctions against Russia kicked in, China and Russia have decided to trade in Yuan in the Chinese effort

to reduce the value worldwide of the dollar by elevating the Chinese Yuan. They are succeeding in this as far as trading between Russia and China in Chinese Yuan instead of dollars. But, what happens if the Chinese economy collapses because the Chinese people suddenly become aware of how much the government has manipulated the Stock market? or for some other reason? If the real value of the market is ever found out then things could collapse. But, if no one is allowed to know just how bad things actually are in China things will (Sort of) remain the same. So, it is sort of like everyone agreeing to (Live a Lie) which is an amazing cultural phenomenon in itself, however it manifests in every culture on earth.

Someone in the western world would think, "How crazy is that?" and who would invest in something that corrupt? However, remember this is another culture completely different than the western world. 

IMF's denial of China into SDR will lead to Yuan ending dollar domination sooner

On Aug. 8, China began a new pilot program where a town on the border of Russia will begin to administer trade between the two countries using the Yuan currency. In fact, this program appears to be the next step, and an extension of prior agreements reached between the two economies where less than a year ago the Eurasian and Far Eastern governments shook hands to begin the selling of oil and natural gas in the RMB currency as a means of bypassing the dollar, and ending petro-dollar hegemony. According to statistician Dr. Jim Willie in his most recent Hat Trick Newsletter, the analyst is forecasting an accelerated increase of the Yuan in global commerce due to the sudden delay by the International Monetary Fund (IMF) last week in accepting the RMB into the Special Drawing Rights (SDR) basket of currencies.