Commodity Trade Mantra

Posts Tagged ‘Foreign Reserves’

No Escape from the Dollar as the Currency Standard

All commodities are priced internationally in dollars & the dollar is used for over 80% of cross-border trade settlements.The yuan, ruble, rupee & all other Asian & emerging-economy currencies involved may be able to trade between themselves without the dollar, but still remain on a dollar standard.

World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency

Former World Bank chief economist Justin Yifu Lin warns that the dominance of the greenback is the root cause of global financial & economic crises. The solution to this is to replace the national currency with a global currency. Internationalizing the Chinese currency is not the answer, either.

India Seems To Be Sliding From Bad To Worse

India’s Sensex stock market is down 11% in the last 3 weeks to 11 month-lows, Rupee at an all-time record low of 63 / US dollar and bond market has imploded from a 7.1% yield in May for the 10 Year to 9.25%

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