{"id":192505,"date":"2009-03-24T17:32:00","date_gmt":"2009-03-24T22:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/24\/china-calls-for-currency-basked-as-reserve-instrument\/"},"modified":"2009-03-24T17:32:00","modified_gmt":"2009-03-24T22:32:00","slug":"china-calls-for-currency-basked-as-reserve-instrument","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/24\/china-calls-for-currency-basked-as-reserve-instrument\/","title":{"rendered":"China Calls for Currency Basked as Reserve Instrument"},"content":{"rendered":"<p>This would <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=ae6ezzIMK6cs&amp;refer=home\">replace the US dollar as a reserve currency<\/a>.<\/p>\n<p>It would obviously weaken the US dollar in the long run, which is not necessarily a bad thing, the &#8220;strong dollar&#8221; policy of Robert Rubin (and Larry Summers, and Timothy Geithner, and Ben Bernanke) benefits Wall Street at the expense of main street, and is long term unsustainable.<\/p>\n<p>It is unclear to me as to whether this is a real move for change, or simply an attempt by China to assert itself on the world economic stage, though.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This would replace the US dollar as a reserve currency. It would obviously weaken the US dollar in the long run, which is not necessarily a bad thing, the &#8220;strong dollar&#8221; policy of Robert Rubin (and Larry Summers, and Timothy Geithner, and Ben Bernanke) benefits Wall Street at the expense of main street, and is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1170,1080],"tags":[],"class_list":["post-192505","post","type-post","status-publish","format-standard","hentry","category-china","category-currency"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192505"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192505"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192505\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}