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China's yuan 'set to usurp US dollar' as world's reserve currency

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posted on May, 15 2009 @ 02:31 PM
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China's yuan 'set to usurp US dollar' as world's reserve currency


www.t elegraph.co.uk

Professor Roubini, of New York University's Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan's ascendance.
Known as "Dr Doom" for his negative stance, Prof Roubini argues that China is better placed than the US to provide a reserve currency for the 21st century because it has a large current account surplus, focused government and few of the economic worries the US faces.
(visit the link for the full news article)




posted on May, 15 2009 @ 02:31 PM
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This report is by a Nouriel Roubini . He brings up some very interesting points and one doesn't have to stretch the imagination very far to see china setting such a goal for its self .

Personally I can't see this ever taking place , rather I think it more likely we see a world currency based on a number of current world currencies , including China's yuan making up one of the currencies .

www.t elegraph.co.uk
(visit the link for the full news article)



posted on May, 15 2009 @ 02:50 PM
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This story already exists.


www.abovetopsecret.com...



posted on May, 15 2009 @ 03:01 PM
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Sorry I did a search and nothing came up


Mod please delete and posters please defer to other thread for future discussion .

Thanks for pointing that out .



posted on May, 15 2009 @ 03:01 PM
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Edit to move to another thread that was started before this one.


[edit on 5/15/2009 by Rockpuck]




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