China is attempting to usher in a “multi-polar international monetary system”
China’s central bank governor expects a new global currency order to emerge with the renminbi competing in a “multi-polar international monetary system.” The new multi-polar, also stylised as multipolar, monetary system is controlled by the
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China’s central bank governor expects a new global currency order to emerge with the renminbi competing in a “multi-polar international monetary system.”
The new multi-polar, also stylised as multipolar, monetary system is controlled by the same interests that controlled the previous international monetary system. The monetary system may change but the power brokers stay the same.
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The Financial Times published an article today stating that China’s central bank governor, Pan Gongsheng, expects a new global currency order to emerge, with the renminbi competing in a “multi-polar international monetary system.”
Below are some extracts from the article:
Speaking at China’s flagship financial forum in Shanghai, Pan Gongsheng said the US dollar had “established its dominance” after the Second World War and “retained its status up till now.”
Pan said the key developments in the international monetary system during the past two decades had been the introduction of the euro and the rise of the renminbi since the global financial crisis in 2008.
His comments came a day after Christine Lagarde, president of the European Central Bank, said the “dominant role of the dollar” was “no longer certain”, creating an opening for the euro to take “global prominence.”
Pan and Lagarde met in Beijing last week to sign a memorandum of understanding on co-operation in central banking, which includes a framework for regular dialogue.
Pan also noted discussions around greater use of SDRs – a basket of currencies defined and maintained by the IMF – as a potential alternative that could help “overcome the inherent problems of a single sovereign currency as the dominant international currency.”
China’s central bank chief expects new global currency order, Financial Times, 18 June 2025
Consider the Financial Times’ report in conjunction with three articles we have previously published.
1. The first is an article we published last year titled ‘Bank of England announces it will keep the names of non-bank financial institutions it bails out a secret’. In it, we noted how the US dollar came to dominate global currencies through the post-WWII Bretton Woods agreement:
In July 1944, towards the end of World War II, when it became obvious that the Allies were going to win and dictate the post-war environment, the major world economic powers met at Bretton Woods and hammered out the Bretton Woods agreement for international finance. The British Pound lost its position as the global trade and reserve currency to the US dollar (part of the price demanded by Roosevelt in exchange for the US entry into the war).
The Bretton Woods international monetary system was established by delegates from 44 nations at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire.
The agreement also facilitated the creation of the International Monetary Fund (“IMF”) and the International Bank for Reconstruction and Development, which is known today as the World Bank.
2. The second was an article we published also last year titled ‘Multipolarism appears to be nothing more than the consolidation of globalism’, a summary of an article written by Rolo Slavskiy in which he argues that multipolarism is a consolidation of globalism, where local elites are deputised to carry out the globalisation agenda in their own regions.
“I didn’t actually understand what ‘multipolarity’ was and how it would be accomplished exactly. All I had was the vague notion that the dollar would be detonated by Vladimir Putin and Xi Jinping somehow at some point. Even now, I don’t understand what it really means,” he wrote.
Vladimir Putin, Slavsky said, is a dedicated globalist and his policies are a continuation of those implemented by Boris Yeltsin, who also claimed to be building a multipolar world while acting as a puppet for Western interests.
3. The third was an article we published in 2023 titled ‘BRICS is part of the plan to reshape the world economy; it was launched decades ago by Goldman Sachs’, in which we briefly described where the concept of BRICS originated.
The term “BRICS” was coined by Jim O’Neill, the Chief Economist at Goldman Sachs, in 2001. According to Goldman Sachs, “Other BRICs-oriented research would follow from Goldman Sachs in the ensuing years, including 2003’s paper, ‘Dreaming with BRICs: The Path to 2050’, which posited that the BRICs countries could overtake the largest Western economies by the year 2039.”
The initial BRIC countries (Brazil, Russia, India, and China) were later joined by South Africa, forming the BRICS group, with the goal of becoming a global economic powerhouse.
“Goldman Sachs helped both investors and companies frame their thinking and decisions based on a shifting global economic power dynamic. Beyond that, the “BRICs” concept triggered cooperation and collaboration among policymakers in these diverse countries on issues ranging from agriculture, trade, and environmental policies to national security and international finance,” Goldman Sachs said.
Reading the Financial Times article, it seems Goldman Sachs’ plan is on track to come into fruition, possibly ahead of schedule.
And as Sam X said on the Uncharted Territory Podcast, “Rome never falls. It just moves location and goes underground.” He works on the theory that the power brokers are the three City States: the City of London, the Vatican and Washington D.C.
Related:
- Russia is manipulated by the same elite financial interests that control the West
- We are moving toward a Global Empire and enslavement of humanity in a Digital Gulag
Pan Gongsheng, governor of the People’s Bank of China, speaking in Shanghai on 18 June 2025. Source: Financial Times
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