Business Standard Article
(the Business Standard is an English language newspaper in India)
While the Chinese are not yet ready to let their currency float freely, they are pushing down the path to compete with the US Dollar as one of the World’s safe currencies to store wealth.
Just how long will it be until the USA’s new National Anthem is: Patti Page’s, “How Much is that Yuan in the Window”?
If you are paying for Yuan (Renminbi) in USD then it might get more expensive in the future.
Interesting – “world’s safe currencies”. Why, when I am on the edge of retirement, do I find that a scary statement?
Retirement is a mirage. The Labor Dept stats show you’re more likely to be working from 65-70 than if you’re 20-25
God I hate to hear that. My boss is a nut.
parrott