Jonock's Blog : A Sign of The Times or a World Wide Change?

The Dollar Is Dying a Slow Death, says Niall 'Ascent of Money' Ferguson*, China's "current strategy is to diversify out of dollars and into commodities," Ferguson says. Furthermore, China's recent pact with Brazil to conduct trade in their local currencies is a "sign of the times."

*Niall Ferguson
Born 18 April 1964 (1964-04-18) (age 45)[1]
Glasgow, Scotland
Nationality British
Fields Financial and economic history
Institutions: Harvard University
Harvard Business School
London School of Economics
Alma mater: Magdalen College, Oxford
Known for: Counterfactual history, financial history, imperialism and colonialism.

Mr Ferguson is currently appearing with the talking heads peddling his new book and as such tends to be dismissed by serious investors as an opportunistic author. However the systematic switch by China to the National currency of the purveyor of the commodity purchased for payment is in fact "dumping" US dollars. This "dumping" has driven the value of the green back to international lows against all the stronger international currencies. China is the power on the international scene at the moment. Do not underestimate China. If you ignore China you will end up with just pennies on the Yuan. China is not a "Flash-in-the-Pan" . China's developing consumer market is the next ride to wealth. Hop aboard!