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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (31942)	11/10/2010 4:04:05 PM
From: ggersh	Read Replies (1) \| Respond to of 71408

Interesting times are coming, and this problem is truly in the class of a supertanker making a u-turn. China is unlikely to support a framework where the yuan becomes a staple of reserve stockpiles around the world because that would mean making the currency fully convertible and allowing more inflows in to the country, said Beat Siegenthaler, a currency strategist at UBS AG. “This more shows the helplessness of countries like Brazil in the face of quantitative easing, there’s not much they can do about it so they lash out,” Siegenthaler said by phone from Zurich. “They can criticize the U.S. and bring up this idea of replacing the dollar in reserves but in reality the U.S. couldn’t care less.”