August 31, 2011
Share this…EmailFacebookTwitterLinkedinGoogleReddit The traditional view has been that China is an export-dependent economy that will permanently attempt to keep its currency artificially low in world markets. Thus, when most politicians accuse the Chinese of currency manipulation they assume the purpose is to weaken the yuan. They may have been right, but we believe that era […]
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August 30, 2011
Share this…EmailFacebookTwitterLinkedinGoogleRedditIt was recently reported that Venezuela was moving virtually all of its reserves (approaching $20 billion) held in Swiss and British banks to China, Russia and Brazil, three members of the “BRICS” nations (Brazil, Russia, India, China, and South Africa). This includes over $6.3 billion in cash reserves and gold estimated in value between $11 […]
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