Archive for the ‘imf reserve currency’ tag
China finally declares that the US should no longer be the reserve currency of the world
Sorry to have burst the naivete bubble early, but it didnt take China outwardly denouncing the US currency as the worlds reserve currency to figure out that China is concerned about thier investment in US treasuries. Tim Geithner was pouring gas on the fire with his unncecessary and obvious public statement about China Manipulating their currency.
