You’ve probably never heard of him but Zhou Xiaochuan is the Governor of the People’s Bank of China, which makes him the Chinese equivalent of Ben Bernanke and Alan Granspreen. Except even more powerful.
Zhou is recommending a new “super-sovereign reserve currency” to replace the dollar as a the main global currency and “create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.”
The world is getting sick of holding our rapidly depreciating dollars and that means that the U.S. dollar could be headed for a big, big haircut.
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China backs a new world currency — You’re a day late on this news. Its already all over the internet. _And_ you didn’t provide your opinion or insight. Are you trying to waste my time? Perhaps you should see what other bloggers do and receive a lesson from them. Fail to do so and I will unsubcribe.
Don’t be a douche Douglas. Nobody is making you read the blog.