As mentioned in my previous blog post “
Buffet Speaks, Who’s Listening“, I told you that China and Russia were flexing their economic muscles in a bid to become the center for the world’s economy. Today China flexed again and the world was forced to listen. China’s central bank Governor, Zhou Xiaochuan recommended replacing the dollar as the currency standard to something created and managed by the International Monetary Fund. Essentially the new standard would be made up of a group of currencies,...