China is quietly building a new trade settlement architecture that marries the yuan's political reach with gold's trustless neutrality. It's not just about de-dollarization, but it's about designing a monetary system that can't be sanctioned, frozen, or inflated away.

Along with the rest of us, China watched what happened to Russia's dollar reserves. They saw Iran locked out of SWIFT. They observed Libya's Gaddafi eliminated shortly after proposing a gold-backed pan-African currency. They learned the most important lesson of all: in a dollar-dominated world, American approval is mandatory for participation in the global economy. This is why we #bitcoin