05-24-2009, 07:50 PM
Le Monde , France
<b>The End of the Reign of the Dollar is Inevitable </b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The marriage of two factors - the weight of tradition and that of American debt - ensures that the reign of the dollar is not approaching its end, even if the Sino-Brazilian partnership flies.
It must be emphasized that this initiative expresses the annoyance engendered in China by the privileged role of the dollar, a sentiment already manifested on numerous occasions and through more or less official channels. The idea of a world liberated from the hold of the dollar is gaining momentum. Moscow and New Delhi could join the movement and permit the currencies of the BRIC countries (Brazil-Russia-India-China) to form the "4 R" bloc - (Real-Ruble-Rupee-Renminbi). The end of the dollar's reign will perhaps be slow, but it is nonetheless inevitable.<!--QuoteEnd--><!--QuoteEEnd-->
<b>The End of the Reign of the Dollar is Inevitable </b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The marriage of two factors - the weight of tradition and that of American debt - ensures that the reign of the dollar is not approaching its end, even if the Sino-Brazilian partnership flies.
It must be emphasized that this initiative expresses the annoyance engendered in China by the privileged role of the dollar, a sentiment already manifested on numerous occasions and through more or less official channels. The idea of a world liberated from the hold of the dollar is gaining momentum. Moscow and New Delhi could join the movement and permit the currencies of the BRIC countries (Brazil-Russia-India-China) to form the "4 R" bloc - (Real-Ruble-Rupee-Renminbi). The end of the dollar's reign will perhaps be slow, but it is nonetheless inevitable.<!--QuoteEnd--><!--QuoteEEnd-->