Submitted by AGXIIK:
Here is a good example of Reverse Gresham’s Law. China is pushing out the dollar, fleeing the reserve currency of the world while the Euro death spirals into irrelevancy. The wealth of the west is moving towards Asia as China builds a currency backed by gold.
China’s buying up commodities, mines, gold, silver and anything else it can to buffer itself from what it sees as an economic and financial collapse of the West. [Read more...]