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

The Chinese yuan is preparing to overtake the US dollar as the world's reserve currency, economist Nouriel Roubini has warned.

http://snipurl.com/iad6q



US Backing for World Currency Stuns Markets

US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

http://informationclearinghouse.info/article22300.htm



Asia will author its own destruction if it triggers a crisis over US bonds

Japan beware, crashes have a habit of bringing regime change.
http://snipurl.com/iad7v


From Information Clearing House



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