Asbytec

The Yuan Remains the Source of Friction for the U.S. as Well as for Europe

Nice article, right on. I am pleased the Obama administration decided to take some action. It's not enough, just a warning shot across the bow, but that's okay for now. Our current account balance must improve. Period. I wonder how the EU will cope, if they can or will support huge trade deficits for decades as the US has done. And I wonder if that will threaten the euro's status as a reserve currency in the decades to come.

One World, One Currency?

If they move toward a new world currency, maybe we should move away from fractional banking...maybe back toward gold.

Democracy through out history has given rise to science, productivity, arts, etc...and resulted in increased trade and wealth. We live in a hybrid democracy/serfdom. We vote for our political leaders, but we're indebted to the financial oligarchy.

I hope change really has come to Washington.