News today is that China is to allow all exporters and importers to settle their cross-border trades in the yuan this year. The People’s Bank of China said that it was “part of plans to grow the currency’s international role” and “would respond to overseas demand for the yuan to be used as a reserve currency.”
A Bloomberg article says that China imported a massive 200 metric tonnes of gold in just the first two months of 2011.
Food prices hit new record… Not likely to be the last time we hear that…
And Obama says that Gaddafi must leave! Sadly it looks like soon we’ll be hearing a lot of really ignorant people quoting one of my songs, with no realization as to how incredibly wrong they are in every imaginable way… From my song Pussification of America… “Oh cool, look, we’ve started a brand new war!!”