Tue 2009-09-29 11:14 EDT
Take This Monetary System, Please - Up and Down Wall Street Daily - Barrons.com
The current exchange-rate regime can't go on, but what's the alternative?...As long as China's currency remains joined at the hip to the dollar, the impact of the dollar's weakness ironically is felt more outside the U.S. than within its borders. And to keep that exchange rate stable requires China to continue to accumulate U.S. assets, notwithstanding that nation's vocal complaints about American deficits that it is compelled to fund. [reserve currency]
Barrons; com; monetary System; please; take; Wall Street Daily.