Australia’s Reserve Bank director Warwick McKibbin Warns of Financial Wreck

If you are wondering why there are steady international efforts underway to move away from the dollar as international reserve/trade currency, consider the following quote: "As the US created more dollars to inflate away its debt repayment obligations, countries that are linked to the dollar, including China, India and parts of Latin America, would suffer 1970s-style inflation."
Global ‘train wreck’ coming – world – business | Stuff.co.nz: www.stuff.co.nz/business/world/5218159/Global-trai…oming

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