The American Empire in a Changing World


Wednesday, October 17, 2012

''Fear of a Yuan World''

From Financial Sense

''Last week’s IMF and World Bank meeting in Tokyo failed to accomplish much especially considering China, the world’s second largest economy boycotted the event due to the recent disputes over the Diaoyu island chains in the East China Sea.

Although not much was accomplished, the meeting highlighted a future economic event that will transform the world we all live in. That event is the rise of the Chinese yuan or renminbi as a world reserve currency. Japan sees this coming…and they might be the first nation to publicly 
declare their fear of a Yuan World.''

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