There has been a lot of chatter over the last year about the dollar losing its dominance as a world reserve currency. I believe that the dollar will not lose that dominance overnight. The bulk of its trading partners are in the Euro Zone and North America. I have no doubt that nations like France and Germany will try to maintain close ties with the United States and any China-Russia currency bloc that may ensue from the attempts of emerging markets to develop their own currency.
What will be the impact on Black Americans of a new BRICS reserve currency?
Failure to see how US policy exacerbates potential damage to America’s reserve currency status is another major fail of black political leadership. The impact on black households will be negative one.
Live blog: Combatting the Economic Threat from China
10:05 am. Atlanta. Waiting for the U.S. House Committee on Financial Services to begin hearing on economic threats from China. … More
The United States, in general, and Republicans in particular, have a lot of hate for China …
Twelve hours from now, the U.S. House Committee on Financial Services will hold a hearing on the economic threat that … More