China positioning its currency for a run at world supremacy by 2020?

April 5, 2009 by · Leave a Comment
Filed under: Currency News 

In my opinion I do not see the dollar as the “only” dominant currency by 2020 either, with China, India and Brazil working hard to provide employment and raise the standards of their people, to accomplish this, they will need to provide stability and that will make those countries more attractive to invest in and that is the biggest reason people invest in the dollar.  If we were more responsible with how we handled our currency, we would not hear these calls as loud as we do in these current times.  It will be interesting to see how this plays out.

News (LA Times):

Reporting from Shanghai — Could the world’s currency of choice have the face of Mao Tse-tung on it, not George Washington?   Quixotic or not, the Chinese are preparing for that day.

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