Iris Mack's Blog - China

China's central banker Zhou Xiaochuan warned that the global economy hasn't yet escaped the financial crisis. He also cautioned Fed chairman Bernanke to take "more responsibility" for its monetary easing - aka money printing. Please read more here.

Chinese Professor: Why Do Great Nations Fail? (videos)

Tue, 27 Mar 2012 17:11:00 --0100

The Asian tigers keep on roaring!

Alabama China Partnership (video)

Tue, 27 Mar 2012 17:07:00 --0100

Chinese doing what Americans seem incapable of doing - creating jobs in the U.S.!

McKinsey Quarterly: Meet the Chinese Consumer of 2020

Tue, 27 Mar 2012 17:03:00 --0100

Chinese consumers have CA$H to burn!

From My Archives: Alternative Global Reserve Currency to Dollar (videos)

Fri, 24 Feb 2012 13:13:00 --0100

A couple of my blog readers emailed me about the blog I posted yesterday Daily Star: Chinese Renminbi Will Replace Dollar As Global Reserve Currency More specifically, they wanted to know what it meant in basic terms for the average person? How will it affect us? In short, I suggested they take a look at other blogs I posted on the subject. Here are a few from my archives on www.wilmott.com:

Casey Research: Will Iran Kill the Petrodollar?

Posted At : January 26, 2012 1:06 PM | Posted By : Iris Mack
Related Categories: Energy Trading

Marin Katusa - Chief Energy Investment Strategist of Casey Research - writes:

The official line from the United States and the European Union is that Tehran must be punished for continuing its efforts to develop a nuclear weapon. The punishment: sanctions on Iran's oil exports, which are meant to isolate Iran and depress the value of its currency to such a point that the country crumbles.

But that line doesn't make sense, and the sanctions will not achieve their goals. Iran is far from isolated and its friends ? like India ? will stand by the oil-producing nation until the US either backs down or acknowledges the real matter at hand. That matter is the American dollar and its role as the global reserve currency.

Please read more here.

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China and Japan Move Away From Dollar As Global Reserve Currency

Posted At : December 27, 2011 12:54 AM | Posted By : Iris Mack
Related Categories: China

China and Japan have agreed to start direct trading of their currencies, officials announced during a visit to Beijing by Japan?s prime minister, Yoshihiko Noda.

Chinese officials have said recently they would like to see more countries move away from relying on dollars as the worldwide currency.

Please read more here.

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China's Yuan to be Held as FOREX Reserves/US Losing Reserve Currency Status (videos)

Posted At : September 14, 2011 12:17 AM | Posted By : Iris Mack
Related Categories: China

Time to learn Chinese!

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China Seeks Alternative Global Reserve Currency to Dollar? (video)

Posted At : August 6, 2011 6:36 PM | Posted By : Iris Mack
Related Categories: China

A former People's Bank of China official told Dow Jones that China should continue to reallocate some of its reserves, as the U.S. downgrade increases the risk of holding too many dollar assets. The comments echo sentiment expressed by many Chinese policy makers, who have for months voiced concern about Washington's rising debt and the U.S. Federal Reserve's super-easy monetary policy.

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Warren Buffett: End of U.S. Dollar as Reserve Currency?

Posted At : May 2, 2011 2:38 PM | Posted By : Iris Mack
Related Categories: U.S. Money Supply

During the annual shareholders? meeting of Berkshire Hathaway, Mr. Buffett had this comment about a potential US debt crisis: ?The United States is not going to have a debt crisis as long as we keep issuing our debts in our own currency. The only thing we have to worry about is the printing press and inflation?.

Please read more here.

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Wall Street Journal: Why the Dollar's Reign Is Near an End (video)

Posted At : March 3, 2011 10:58 PM | Posted By : Iris Mack
Related Categories: U.S. Money Supply

For decades the dollar has served as the world's main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here's why ?and what it will mean for international markets and companies.

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IMF: U.S. Dollar Needs To Be Replaced As World Reserve Currency

Posted At : February 11, 2011 5:09 PM | Posted By : Iris Mack
Related Categories: U.S. Money Supply

The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again.

So what about the U.S. dollar and other national currencies? Well, they would just end up fading away.

Please read more here.

Daily Star: Chinese Renminbi Will Replace Dollar As Global Reserve Currency

Thu, 23 Feb 2012 18:54:00 --0100

It is becoming clear that the Chinese Renminbi (RMB) will inevitably become the next global reserve currency. Goodbye U.S. dollar!

"We may be poor but not stupid", China Isn't Interested in EU Government Bonds

Tue, 14 Feb 2012 16:44:00 --0100

The Asian Tiger roars!