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This Is Zoltan Pozsar's Vision For Bretton Woods III
Odd Lots
The Role of the Other Currencies
No currency is born a reserve currency. It becomes it. Sterling was what it was, and then the dollar, it came. And then dollars became ura dollars. The r m b is what it is, and it will become something else. All thes work makes more sense in the present but there are some difficulties for these currencies to overcome. People also tend to forget when china became a part of the world trading organization, and, you know, it started to accumulate surpluses. As more and more accumulates, you change the way you do things. I think this is going to be a path that's already been taken - i think it's already begun. On
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