Xbank is fictional from Henry Parker robot wars! Chinas move to trade in sdr special draft rights

“Henry Parker robot wars” excerpt Lawrence Robinson signaled he want to speak, “China needs three structures before the yuan can become an international currency: a. An currency trade exchange b. 20,000 tons of gold c. A Bond market. “ Lawrence continue his proposal, “X-Bank will sell China 1,000 tons of gold per year for 10 years combined with the additional 1,000 tons of gold she is buying in the free market, China will hold in reserve over 20,000 tons of gold. The gold reserve will act as a king currency and facilitate yuan trade for goods exchange. Secondly, X-Bank will work with existing exchanges in New York and London to facilitate the buying and selling of the dim sum bond with an unique twist; the dim sum bond will be backed by gold. The dim sum bond will only be purchasable in yuan. Foreign countries and central banks wishing to acquire the gold backed bond will need to buy yuan to acquire the commodity. X-Bank will broker the exchange of the commodity and provide all the financial support and paper work associated with promoting the dim sum bond on the New York and London exchanges. In order for the yuan to become accepted and convertible it must be highly used. We think China will continue to complete trade with most of its European partners in yuan and increased usage will help reduce convertibility fears. China has a long path to travel. Over $4 trillion of currency exchange a day. This means China yuan exchange will need to increase 500 fold to become significant and convertible. X-Bank has a plan to accelerate the acceptability of the yuan as a currency of exchange. Third, X-bank will ensure that the yuan becomes a key player in the special drawing rights. The sdr will be supported by X-Bank and we will use our resources to acquire SDRs as a financial device. Central banks will be encouraged to buy SDRs at a discount as assets in their portfolio. The SDR will allow the yuan to become more interchangeable currency relying on the immediate demand of the existing 19 currencies in the basket. We think the G20 support for China will put political pressure on the West to include the yuan in the SDR. We think the International Monetary Fund will listen to the G20 consensus for yuan inclusion.”