Declan Murphy <declan_murphy@hotmail.com> wrote:
> On Oct 19, 12:34?pm, mtfes...@netMAPSONscape.net wrote:

> > > Why would the PBC want to or need to float? The yuan isn't a reserve
> > > currency, or even a major traded currency, and isn't likely to be for
> > > about a generation. They won't even need to think about a dirty float
> > > or banded ERM for another 15 years or so.
> >
> > So what other currencies did you have in mind? Yen? Rupees? Sparkly dust?

> I kinda like the sound of sparkly dust as a future currency unit.
> Rupees won't be used as a reserve for the same reasons as the yuan. My
> guess is a mix of USD$, Euro, Sterling and Yen will act as reserve,

Japanese have been noticably reticent about using the Yen in this fashion.
Not sure the pound has the international appeal anymore.

> Brent Index will switch to euro sometime before 2020, and that US
> treasuries will need to be priced at least 25-50 basis points higher
> than would otherwise be the case due to exchange rate risk associated
> with gradual depreciation as the US Fed inflates away some of the
> debt. My other guess is that I will need to learn more about
> Californian wine.

Comes in red, white, and pink.

What else do you need to know?

Mike