Sunday, March 23, 2014

Russia Returns Favor, Sees Chinese Yuan As World Reserve Currency

This is where the real wars are fought--the currency wars.  The US is desperately trying to maintain the reserve currency status of the USDollar, while the BRICS want to do away with the dollar due to the Fed's debasement of it.

However, the Chinese want a controlled diversification away from the dollar, as they still own massive amounts of US Treasury bonds.

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