December 27, 2011 at 17:23 PM EST
China and Japan Getting Away From Dollars
The run on the dollar that could sink its value and bring surprise hyperinflation to the U.S. has just become a lot more likely. China and Japan are moving to trade each other’s currencies directly rather than use the U.S. dollar as an intermediary. This won’t lead to an immediate shift away from the dollar. After all, [...]
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