mai on 04 September 2013
| Slimebeast said:
What do you mean by your last sentence about China and currency reserve? And what's USG? |
USG = US government obviously. He thinks that RMB might replace USD as a global reserve currency, which I doubt it will since Chinese won't be able to support its global status in the nearest future. More likely we see multiple regional reserve currencies including RMB when and if the US will float belly up, and we're far, far from it.
