Monday, June 15th, 2009
Everybody Wants to Rule the World $USD $CNY $CEW BRIC
The leaders of these countries: Russia, China, Kazakhstan, Tajikistan, Kyrghyzstan and Uzbekistan will be meeting for two days (June 15-16) in Yakaterinburg, Russia (see map) to create strategies of interdependence that expressly avoid usage of the U.S. Dollar. The reason? Their respective concentrated financial exposure to a recently ridiculously weak U.S. currency exceeds existing risk tolerance.
There is special word to describe a powerful entity that oppresses and controls [...]