He explains his reasoning in the video interview. Basically, the Chinese and Russians are putting alternatives in place to do so once the time is right.
And what would that be? Seems like they both have a lot of strikes against them.
China's markets started crashing in August when it turned out that they had half as much gold as people thought.
Why does anyone assume the Chinese and Russian economies are somehow invulnerable and more adaptable to economic challenges than ours? Yes, their people are more used to coping with very bad times. But the global economy is not a fleet of separate boats sailing one sea. All the major countries are in one big ship with a Dollar sign flag flying at the masthead. If one of us goes down we all drown. Mind you, that’s not to say there aren’t icebergs ahead or the captain isn’t a complete incompetent. There are and he is.