[RobotToaster]

> Under a multilateral Bancor System which Chinese economists themselves advocated back in 2009

I had to look that up and this stood out

> U.S. Secretary of the Treasury Timothy Geithner expressed interest in the idea of greater use of SDRs as a reserve. However, he was criticized severely for this in the United Statess, and the dollar lost 5 cents against the euro in exchange markets following his statements. He and President Barack Obama shortly afterwards backtracked Geithner's comments.

https://en.wikipedia.org/wiki/Bancor#Proposed_revival

I'm beginning to see a pattern of which country is blocking any progress here.

[corimaith]

Yeah, the US was wrong there and in Bretton Woods. But unless if this an exercise in nationalist polemics, that doesn't change the fact that China is the prime violator in such a system by virtue of their surplus, not the USA which runs a deficit.