Saturday, July 2, 2011

Australia's Reserve Bank director Warwick McKibbin Warns of Financial Wreck

If you are wondering why there are steady international efforts underway to move away from the dollar as international reserve/trade currency, consider the following quote: "As the US created more dollars to inflate away its debt repayment obligations, countries that are linked to the dollar, including China, India and parts of Latin America, would suffer 1970s-style inflation."
Global 'train wreck' coming - world - business | Stuff.co.nz: www.stuff.co.nz/business/world/5218159/Global-trai...oming
http://chumly.com/n/a1b98c

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