Thursday, January 30, 2014

More China Daily: Can the US Dollar Stay Strong?

China Daily offers an opinion on propects for the US Dollar.

It is always interesting to see how countries around the world are viewing things from their perspective. For now the dollar is world reserve currency. If that changes, major monetary system changes will be taking place.

I have to add this note of irony. As read this opinion piece, it strikes you as example of how the world has changed in my lifetime. Never thought I would read a Chinese media source criticizing the US authorities for intervening in free markets and saying the US should allow the fundamentals of supply and demand to function instead of trying to manage markets. So this week have Jim Rickards and China criticizing central planning. :)

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