More on the Beginning of the End of the Dominance of the U.S. Dollar
June 26, 2009 at 9:24 AM Leave a comment
China Repeats Criticism of Dollar Dominance:
The People’s Bank of China repeated its call for the world to cut its reliance on small set of reserve currencies on Friday.
In its annual financial stability report, the central bank said it saw serious defects in one currency dominating the global monetary system, a cloaked reference to the dollar.
The PBoC also issued a warning to the US over its loose monetary and fiscal policies…
The world has had enough of Reaganomics.
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