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News around the web: China to push global currency
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User Comments: 5
Got something to say? Post a comment-
Tekkaraiden said:
Well at least my taxes are going to something fun for a change.
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tengeta said:
World currency...
LOL
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tengeta said:
World currency...
LOL
Don't laugh. The dollar is already a global reserve currency. It can be traded everywhere, and even spent in most countries. The sad thing, is that the dollar is so weak right now, China and Russia may have a more receptive audience at the G8. Especially since faith in Obama's economic plan is so low.
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It's just a matter of time for a world currency...but I doubt it'll be here in our lifetime, maybe at the end or turn of the century /shurg.
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Interesting how China must unpeg and not depend on the US dollar so much in order to raise its own currency in global importance. Interesting article about this: http://www.mindreign.com/en/mindshare/Global-Economics/Yuan-
urrency-3f/sl35291137bp313cpp10pn1.html
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