Monday, March 19, 2012

China yuan could be reserve currency with reform: IMF

To those who believed I had lost my marbles when I suggested the days of the USDollar as the global reserve currency are numbered, here's a press release from the IMF itself:


http://ca.news.yahoo.com/china-yuan-could-currency-reform-imf-055837173.html

How do you like them apples?  I've also laid out the implications of such a scenario.  Since the alternative blogosphere is on high alert, I'll leave it up to the readers to connect the dots.  Hint: inflation isn't and won't be benign, despite what our government and media keep droning on about.

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