Money and Economies

China’s Long March to Dethrone the Petrodollar

China’s Long March to Dethrone the Petrodollar

In 1934, Communist leader Mao Zedong and his forces, facing imminent destruction by the Nationalists during Chiang Kai-shek’s fifth “Extermination Campaign”, broke out of the armed ring surrounding them. Crossing 24 rivers and 18 mountain ranges, they conducted an epic one year march of four thousand miles into northwestern China, […]