Zhou Xiaochuan, governor of the People's Bank of China, proposed the creation of a world currency, according to WSJ.
China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. role in the world economy.
Really? Did he really my earlier paper? Has not the haves and have-nots of the Euro brought us enough fun?
I can think of at least two guys that would say no – the almighty British empire that’s for long coy on joining the Euro, and Zimbabwe whose president is busy printing money in .. sextillions (with an s?).
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