Thursday, September 9, 2010

Yuan Trading Against Ruble Said to Start Within Weeks - Bloomberg

 www.bloomberg.com/news/2010-09-08/yuan-trading-aga....html

The dollars hold over the world reserve currency status continues to weaken. The dollar is more and more perceived as a poor store of wealth and the implications for America are profound. If our debt becomes a poor investment because it is denominated in dollars and interest rates return to cyclical highs, how much of our budget would it take to cover interest? What would happen to fuel costs? http://chum.ly/n/2fdf5e

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