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 [...]
The London G20 Protests
I get back into London tomorrow evening and really hope to be on time to witness some of the G20 protests. There is something very ironic about the coverage on the destruction of property by some of the protesters since if there are real destroyers of wealth, they are in the very buildings the crowds [...]