Category: interflation

March 24, 2009

UN Recommends World Should Ditch Dollar

It’s about time:  folks at the UN are recommending that the world ditch the US dollar in favour of a shared reserve currency. Original Reuters story here . For years (arguably, decades), the US has dominated the world economic scene because they’ve been very effective in having everything trade in US dollars, including commodities, treasuries and other securities. The commodity shock that the world felt […]

January 7, 2009

China to Reduce $US Transactions

Please note:  the opinions expressed in this blog do not constitute financial advice.  Any investment action that you take in response to this article or other articles on this blog (or other blogs, for that matter) should be done with the support or review of a registered financial advisor. The government of China has announced that it will reduce the volume of $US transactions, mainly […]