SDR’s and the New Bretton Woods – Part Two

philosophyofmetrics

The Renminbi SDR Composition and the Great Consolidation

By JC Collins

Vietnam-Tours-0005

“The creation of an international currency unit, based on the Keynesian proposal, is a bold initiative that requires extraordinary political vision and courage”.

– Governor of the People’s Bank of China

_______________________________________________________________________

The father wiped the dirt from his hands and reached into his pocket.  Keeping his hand inside for a few moments, he knowingly glared down at the boy.  The air was still, the boy eager, eyes wide, dancing back and forth on his feet.

“Come on Dad, my friends are waiting”, explained the boy.

Slowly the father withdrew his hand and paused before dropping a few coins into his sons waiting hand.

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Posted on January 27, 2014, in economics and tagged , , , , , . Bookmark the permalink. Leave a comment.

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