Thursday, July 3, 2014

China to Set Yuan Clearing Banks in Luxembourg, Paris

The rise of the Chinese yuan as an international currency doesn't spell the doom of the USDollar, but it will eventually end the dollar's reserve currency status.  Hello, inflationary pressures generally, and imports specifically.

http://www.nasdaq.com/article/china-to-set-yuan-clearing-banks-in-luxembourg-paris-20140629-00048?
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/27_Paul_Craig_Roberts_-_The_Entire_U.S._Gold_Hoard_Is_Now_Gone.html#sthash.GGRuT5Q9.dpuf

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