Friday, May 22, 2009

Can China and Brazil really pull away from the dollar?

FT Report!

Can they really pull away from the US to create their own form of global currency? Perhaps they can. Pres. Obama is not really an oppressive type of guy to make a big fuss over it.

To the extent it will replace the SDR valuation at the IMF, is another issue. But, if countries are willing to take the chance of doing business with China or Brazil with their currency, then its all fine with me.
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