Friday, July 3, 2009


$ Future in U.S. Hands... writes Henry Liu... questions why Asian economies should be sending real wealth in the form of goods to the U.S. for paper that is declining in value... says China is now demanding its exports be paid in Chinese yuan with no desire to make its currency a reserve currency... concludes "the $ will continue to serve as a preferred reserve currency, but only if the US puts its own financial house in order"... http://www.atimes.com/atimes/China_Business/KG02Cb01.html

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