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What's with the cut paper - rubles ?
who are you?
what are you ?
what are you for?
have you been praying to the pindos for the night ? )
who are you?
what are you ?
why are you ?
have you prayed the night to the pindos? )
You snack.
So you've been praying to the feds.)
Amen to that!
The whole financial system is like a communicating vessel - if there is a gain somewhere, there is a loss somewhere else. If raw materials fall, it means that the money goes somewhere else. If the dollar rises, it means that it is mainly in assets denominated in it. American stocks are on the tops, but European ones are also close. The money goes into treasuries - they have the lowest interest rate ever. When money goes into treasuries, it means investors aren't willing to take risks. There are no themes for growth)
The US dollar is the only world currency today.
Soon (almost now) there will be a yuan. The dollar will equal the euro, then they will give two euros for half a dollar, then the bubble will burst and the Chinese dream will come true - a can of Coke will cost 10 yuan in California (and the dollars will stick toilets, as Vanga predicted - excuse me). And oil goes the same way....
For the renminbi to become a world currency, it must be freely convertible. The interesting thing is that the US insists on free convertibility and a floating exchange rate, while the Chinese authorities categorically refuse to do so.