All Posts Tagged With: "SDR"

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US Dollar As Reserve Currency Not Working Very Well

Their report makes some of the right noises, “The dollar-based reserve system is increasingly challenged.” Hmm, a slight understatement there. If “increasingly challenged” is a euphemism for “dead” then we’d agree.

But we don’t think that’s what they mean.

September 10th, 2009 | Kris Sayce | 38 comments | Continued
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Special Drawing Rights Used as the World’s Reserve Currency?

As usual, I get no feedback from the Chinese, perhaps thanking me for saving their economic butts by pointing out where they have been so stupid as regards this “gold money” thing by, you know, sending me a couple of tons of it, or even a fruit basket would be nice, ya know?

April 7th, 2009 | Mogambo Guru | 3 comments | Continued
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