Just the other day China’s central bank governor, Zhou Xiaochuan, was calling for the creation of an alternate global reserve currency. Now the Russians are suggesting a partial return to the gold standard. In practical terms, this is all a stretch but it reflects the jockeying for position that will be with us for a while. Would like to know more about the technical factors that would go into returning to the gold standard.
Tags: capital, capitalism, china, property, RussiaThe Dollar fends off blows from the Chinese and the Russians
Just the other day China’s central bank governor, Zhou Xiaochuan, was calling for the creation of an alternate global reserve currency. Now the Russians are suggesting a partial return to the gold standard. In practical terms, this is all a stretch but it reflects the jockeying for position that will be with us [...]