Jim Rickards on CNBC: Adding the Yuan to the SDR Basket

Jim Rickards talked about something we have been covering here on CNBC. He predicts that the Yuan will be included in the SDR currency basket later this year and that China is playing "hardball politics" to try and force the US to not use its veto later this year. As we have noted here, he thinks that China does NOT want to go its own way. Rather, he thinks they are using the new AIIB and BRICSBANK as leverage to get a better position within the IMF. You can watch the new interview here. 

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Watch out for this topic at IMF meeting

Jim Rickards, chief global strategist at West Shore Funds, explains why the topic about including the yuan in SDR's basket could steal the limelight at upcoming IMF and World Bank meetings.