Daddy, what did you do during the Currency Wars?

Paul Raven @ 25-11-2010

China and Russia drop the dollar for bilateral trade; Brazil and India may be next [via MetaFilter]. Southern Europe may well riot in response to fiscal austerity [via BigThink], and here in the UK it’s only taken six months of having the Tories back in power before the police started to club children with batons.

Happy Thanksgiving!

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One Response to “Daddy, what did you do during the Currency Wars?”

  1. Chad says:

    China and Russia dropping the dollar for bilateral trade is more symbolic than anything. It’s not like they have enough trade to make any difference on the valuation of the dollar. And, they won’t have more trade, as Russia is afraid to build pipelines to China as it would make western Russia much more interesting to an expansionist China.