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A new idea of the monetary system emerged in recent years: Ripple Monetary System.

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Recently the Chinese Business Weekly introduced the story of Laurence Fink, the chairman and chief executive officer of BlackRock, the hugest asset management company with total asset values over 12 billion dollars. Mr. Fink was once famous in Wall Street for his introducing of CMO (Collateralized Mortgage Obligations), a type of mortgage backed security, and was called “Mr. Bond” at that time. Few years later, he disappeared. In the midst of the subprime crisis and the global financial crisis, he regained the spotlight because of his expert at risk management. Now, Mr. Fink is the most powerful person with huge influence in Wall Street and the White House.

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