Wednesday, March 04, 2015

Renminbi: New World Currency


Move over DOLLAR. The new world currency will be the "Renminbi (ren-min-bee)." Multinational companies such as McDonald’s are now issuing bonds in renminbi, and even sovereign governments are issuing debt denominated in renminbi, including the UK.  We, as a nation, are so egotistical that we believe that the dollar will not only be the world's reserve currency but the world currency.

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