This week’s G20 summit will show the world on which way the balance of power in the world is going. It will, in all likelihood, show the shift from the US towards emerging markets.

However, the debate on the currency to replace the dollar might have arisen a little too early in the day though both China and Russia are both saying it is now time to consider shifting away from dollar to some other world currency.

Beijing is pushing for more power. It is pushing for it in all the main areas such as International Monetary Fund. This is a clear precursor for the kind of things to come in the world economy. And, this provides very clear indications of how the balance of power is tilting and which way it is tilting!