Friday, June 26, 2009

Days of the Dollar Standard Numbered

BBC is reporting that the world's greatest creditor nation (China) is forcefully contending that the world should no longer use the currency of one of the world's greatest debtor nations (the U.S.) as its reserve currency.

China wants to replace the dollar.

Right now this is just talk. Whenever it actually happens, the Great Depression will look like a picnic in the park.

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