Tagged: Dollar

To Save America, The Dollar Must Lose Reserve Currency Status

Will the dollar lose reserve currency status? For the good of the country, it must. From The Washington Post: The new China International Payments System (CIPS), which is set to debut before the end of 2015, has been described as a “worldwide payments superhighway for the yuan.” What the creation of such a system means in the short-term is that the Chinese currency (officially known as the renminbi) has the potential to become a truly international, convertible currency and a more attractive currency...