fragile Chimerica
Posted on Mar-30-2009· by china investor
The proposal that SDR gradually replace the status of the dollar has been supported by BRICS and the IMF, but has encountered opposition from the United States and the European Union. It expected at the G20 meeting, the proposal will not be produce the actual results, but in my opinion, at least people will recognize that if the United States attempt to shift their domestic crisis onto the world by printing the banknote, then we at least have other options . This proposal will make the United States take full account of the crisis of their cost burden when they decide to alleviate their own crisis by making a new global crisis.
FDI issue a large amounts of banknotes and the Chinese proposal on SDR, fully illustrated the fragility of the relationship of chimerica.
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