Clueless Indians …?
“These central banks know that holding these low-yielding Treasury bills is just an aid program to the United States, and they want to get out of that business,” said Kenneth Rogoff, a former chief economist at the International Monetary Fund. “They are very keen to diversify.”
The whole world seems to know, except … the Indians
Kamal Nath talks about another WTO type of organization which will monitor the world currency. Chidambaram asks for IMF to do something.
Dont these guys get it?
Or is it that there those who talk .. and there are those do …?
Indian Government is not talking …!!
The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping – and unprepared. But, not 2ndlook – who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.