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el5z
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China Has Some Pointedly Hard Words For the US and the Dollar

- Jesse - Le Cafe Américain

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Commented 3864 days ago

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Beginning of the headline :Surely this is nothing new. China and the BRICs have been calling for a change in the US dollar reserve currency regime since at least 2009. The problem with abusing a long standing arrangement is that it takes quite a bit of energy to fray such an arrangement, given its momentum. And the US has risen to unipolar superpower status over the past twenty years with the fall of the Soviet Union. A fiat currency exists on a combination of faith and force, with faith being by far the preferable an... Read More

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