"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Will The USD Be Replaced By The SDR Or The CNY As The Next Reserve Currency?
Zero Hedge: Jim O'Neill, who did not make any friends within the bear community earlier today, has written an interesting paper on the I.M.F.'s Special Drawing Rights, and whether this hypernational currency can ever become a reserve currency as is, and/or with the CNY as a constituent member.
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