Perhaps premature and all conversation, but currency imbalances effecting trade and investment seems to be a driving force within this discussion. Rather than internal expression we are now potentially witnessing a external force.
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Two words: European Union.
China’s desperation is becoming comical. How many different stories have popped up with China deriding the dollar and calling for some alternative? Like I’ve said before, as far as I’m concerned, these are all fluff articles. China has NO alternatives. They will GUZZLE Bernanke’s clam chowda and like it.
hahaha….we shall see what happens to the Euro
mostly other asian countries pressing hk,to pressure china for an asian based currency. was on bloomberg around 3 in the morning. seems like concensis between brics’ and friends may come to pass.
it may be drummerboy; there has been a lot of talk amongst G20 to rid themselves of the dominant fiat currency
It makes sense. They should have a currency.
Sure, good for them. Have your own currency. But it will come at a steep, steep price. Their economy is bubblicious, and a dollar death event will eviscerate their economy, perhaps irrevocably.