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The fatal flaw with internet currency

Posted on 17 July 2013

Ever since the outbreak of the financial crisis in 2008, discontents have been searching for an alternative to the current international monetary system, with its reliance on the US dollar.
Some have fixed on the yuan as a substitute for the greenback. Yet, although China’s leaders like the idea in principle, in practice they have been cautious about allowing greater international use of their currency. In any case, to hard-core critics of the existing financial architecture, the yuan suffers from just the same disadvantages as the US dollar………………………………………..Full Article: Source


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