Macrobusiness
Australia has a devastating secret weapon against China
David Llewellyn-Smith in Australian Dollar
Also
Russian Finance Minister Anton Siluanov said earlier that Russia will completely abandon the US dollar and will reduce the pound sterling share in the National Wealth Fund’s structure
TASS
De-dollarization takes place in many countries — KremlinMore detail from ZH.
Zero Hedge
Russia's $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets
Tyler Durden
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Russia's $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets
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1 comment:
"And Australia itself will still be young, rich, and, most importantly, free." -David Llewellyn-Smith
A collapsing currency doesn't make you rich. It's literally a collapse in your nation's standard of living.
Exporting real assets to the rest of the world with declining terms of trade.
Who is this fool?
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