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China Starts Journey to New Reserve Currency
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This strikes me as being really quite innovative and clever. The Chinese face the problem of not devaluing their two trillion dollar reserves which would be the case if they tried to set up a new global currency. Gradually shifting to SDR's might provide the escape route the need to decouple from the dollar without damaging themselves at the same time. It will be very interesting to see if they are able to wrest a sufficient degree of control from the historically US controlled IMF (one of the two main empire beasts of Bretton Woods). If Russia and Brazil follow suit - and in deed India too - things will become really quite interesting.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
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China Starts Journey to New Reserve Currency - by David Guyatt - 06-09-2009, 10:58 AM

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