Comments on: Emerging Markets Seek to Dump the Dollar as World’s Main Reserve Currency

By: Financial Crisis Gives Chinese Car Companies a Chance to Get Up to Speed

Financial Crisis Gives Chinese Car Companies a Chance to Get Up to Speed — Fri, 15 Jan 2010 20:42:38 +0000

[...] China has used depressed commodities prices to stock up on long-term supplies of raw materials such as oil, copper, and iron. And it’s used structural weakness in the U.S. financial system as justification for replacing the dollar as the world’s main reserve currency. [...]

By: Greenback Woes Boost China's Global Muscle

Greenback Woes Boost China's Global Muscle — Fri, 15 Jan 2010 19:53:58 +0000

[...] longer totally dependent on the United States and other Western counterparts. China knows that it has to take matters into its own hands if it is to avoid being dragged down and smothered by Western has-beens. Beijing is doing just [...]

By: Buy, Sell or Hold: The SPDR Gold Trust ETF (NYSE: GLD) Continues to Offer Investors a Hedge Against Inflation

Thu, 17 Dec 2009 16:13:04 +0000

[...] in March and later in June, Zhou Xiaochuan, governor of the People’s Bank of China made a pitch for the creation of an international global currency delinked from sovereign currencies. This increased speculation about the probability of China deemphasizing the dollar within their [...]

By: Greenback Woes Boost China’s Global Muscle

Greenback Woes Boost China’s Global Muscle — Thu, 15 Oct 2009 08:42:51 +0000

By: Gold Prices Soar to Record High on Report of Secret Plan to Dethrone the Dollar

Gold Prices Soar to Record High on Report of Secret Plan to Dethrone the Dollar — Wed, 07 Oct 2009 09:02:24 +0000

[...] Brazil and India have often joined China in the chorus of complaints about the dollar, and along with Russia, issued their first-ever joint communiqué ahead of a spring meeting between G-20 finance ministers. [...]

By: Financial Crisis Gives Chinese Car Companies a Chance to Get Up to Speed

Financial Crisis Gives Chinese Car Companies a Chance to Get Up to Speed — Thu, 24 Sep 2009 15:15:26 +0000

By: The "Golden Staircase" Points to Record Prices for Gold

The "Golden Staircase" Points to Record Prices for Gold — Wed, 16 Sep 2009 09:02:32 +0000

[...] Money Morning told readers back in April, SDRs have been a unit of account used by the IMF since 1967, and denominated in a basket of [...]

By: Buy, Sell or Hold: The SPDR Gold Trust ETF (NYSE: GLD) Continues to Offer Investors a Hedge Against Inflation

Mon, 14 Sep 2009 07:30:02 +0000

By: China Uses G8 Summit as Forum for Currency Debate

China Uses G8 Summit as Forum for Currency Debate — Thu, 09 Jul 2009 19:01:27 +0000

[...] Xiaochuan, governor of the People’s Bank of China, said in March that “a new and widely accepted reserve currency with a stable valuation” …. Zhou noted that the International Monetary Fund’s Special Drawing Right [...]

By: Investment News Briefs

Investment News Briefs — Wed, 17 Jun 2009 10:01:15 +0000

[...] the statement did not mention a smaller role for the dollar and a supranational reserve currency, suggestions previously proposed by Russia and China as a result of the financial tidal wave that emanated from the United [...]