Wednesday, March 25, 2009

That unipolar moment didn't last long

Housing Doom reacts to news that China wants the world to consider a new reserve currency other than the US Dollar: After Wednesday’s festivities I’m confident that China has now made the opening gambit in its inevitable confrontation with America. The process will take a bit over 60 years and we might as well be civilized about it — since it’s going to take a while …

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