Don’t freak out at the phrase “new world order:” this isn’t about conspiracy. The fact is that 2011 is likely to be the year that China most definitively transitions to first place as the world’s foremost economic power. And with China’s economic ascendancy, so follows the economic rise of China’s key trading partners, many of [...]
Readers have recently been asking where you can open a Chinese Yuan savings account. As I wrote in a previous post, Chinese Yuan savings accounts for Americans are available at the Bank of China (only in New York and Los Angeles so far).
In that previous post, I outlined the basic steps you need to know [...]
It’s easy to open a yuan-denominated bank account with the Bank of China if you’re willing to travel to New York City or Los Angeles – two locations where the Bank of China will do this.
Investors are increasingly interested in diversifying away from the U.S. dollar (USD) and into alternative currencies. You don’t have to [...]
The fact of the matter is that at the end of the day not even the economists fully foresee or even understand (let alone agree on what they do understand) the full implications and progression of the state of the current world financial system.
Another fact is obvious: the global financial system is so interconnected and [...]