Gedankonomist

China: Bank Lending Out of Control

"The bottom line is that huge quantities of money are being thrown at inefficient state owned companies, while the smaller more agile exporters, who are responsible for much of China's growth are getting nothing."

Sounds like exactly what is going on here. Marx would be proud.

Beware the UN's FX Views

"Despite the drama, the UN panel recommendation is likely to fall flat. First, central bankers have the freedom to chose their reserve asset."

Actually, the UN is an instrument of the central bankers. If the UN recommendation "falls flat," it will be because the "recommendation" was a ruse, i.e. a distraction from something else the "central bankers" plan to do.