Tag Archives: Tyler Durden – Yet Another Massive Nail In The Dollar’s Coffin

ZeroHedge – Tyler Durden – Yet Another Massive Nail In The Dollar’s Coffin – 15 December 2013

ZeroHedgeTwo years ago, the CME announced USD/CNH futures trading enabling speculation (and hedging or risk transfer) of offshore Chinese Renminbi. On the other side of the world this week, a couple of gentlemen that few people have ever heard of signed an agreement that has massive consequences for the global financial system. It was a Memorandum of Understanding signed by representatives of the Singapore Exchange and Hong Kong Exchange. Their aim – to combine their forces in rolling out more financial products denominated in Chinese renminbi. This is huge…

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