It is true that during the meeting between Obama and Hu Jintao, the Chinese leader esternera 'fears to the greenback, which has no more' stable levels as a few years ago and ask 'more control over it .. but it' s only classical theater for international media .... Hu Jintao knows that if monetary policy implemented so far by the Federal Reserve has raised a great deal of risk on the stability 'of the dollar,' cause he pulled out the economy world by the worst collapse in 50 years and knows that replacing a reference currency worldwide financial cataclysm result in more 'cause it would revolutionize an entrenched status in the world that would freeze trade, food and a variety of speculative bubbles cool down much of the relationship between the super powers!
China took advantage of it for a while 'devaluing the yuan and promoting its exports but recently you and' come forward (in buying the debt of Europe) and for spirit of international cooperation
(Forty years ago, Mao sought help from Nixon. Obama is now asking China to a program of cooperation for the rescue of the West) that cover a large range of interests it has in Europe and are part of the economic strategy of a country that is growing at an impressive pace and looks to the future as much as anyone does these days!
So no change for now, but participation, control over business acquisitions and a go go
Perhaps the recent turmoil in the markets have lost confidence in many ... but here we are talking about an institution that is the foundation of the whole economy .. so my humble opinion, and 'that
The dollar, in the coming months will likely need to' deal with the debt restructuring .. but I'm sure that does not go down '... rather disparages other currencies as done so far (PIIGS) e diventera' piu' forte di prima !
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