[lbo-talk] Basket of Currencies? (was, Franz Schurmann predicts...)

[Dwayne Monroe]

Jon Johanning posted:

http://news.pacificnews.org/news/view_article.html?article_id=02efaeb22d76082ab2d932b3dffb845e

from which -

"America and China are forging friendship much faster
than most U.S. media recognize. With the help of 1999
Nobelist in economics, Robert Mundell, a plan is
shaping up for China to be the first to try out a  
new monetary system called a 'basket of currencies.'

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Schurmann's analysis is interesting but hobbled by a
too heavy dependence upon the 'Nixon In China'
metaphor.

Of greater interest (to me at least) is this "basket
of currencies" plan.

Here's a link to Google search results:

http://tinyurl.com/2fytl

...

Anyone have a take on this?

DRM