[lbo-talk] Asiazilla Joins Bearzilla

[dredmond at efn.org]

The mountain just moved. China calls openly for an end to US financial
hegemony:

http://www.pbc.gov.cn/english/detail.asp?col=6500&id=178

Don't be fooled by the references to SDRs and a renewed IMF, China knows
the EU and the US would never allow this to happen. But the proposal is
interesting as a stalking horse for something which is inevitable: some
sort of multipolar currency system, which will tie together China, Russia,
and the global semi-periphery.

-- DRR