This shouldn't be about "payback". The first post in this thread (kirse) makes a fair statement about China's fixed currency. But does take it too far. Simil

This shouldn't be about "payback". The first post in this thread (kirse) makes a fair statement about China's fixed currency. But does take it too far. Similarly, China not accepting that it is a partner in its situation of the USD is also taking things too far. I think most of this is political response to China's leaders having to answer to its own "middle class" trying to explain what happened to their dream. It is very true that China would not have its position in the world today if the U.S. had not made credit so cheap to not just U.S. citizens, but the entire world. This is key to understand: the problem with the USD is the world's problem not just Americans. Bankers, traders, homebuyers worldwide benefited from the loose credit policies of the U.S. Mr. Zhou's statements on changing the system are worth looking into. But keep in mind that there were many smart economists that studied the current set of rules for decades prior to loosening U.S. banking regulations and most of them thought it would work...they were wrong. I'm sure if we jumped into Mr. Zhou's "new IMF system" that in 40 years, there would be externalities we could not have predicted.