Give me the muny the cars, the case loads The mun-mun muny the Yen & the Pesos
The proposal for a new global reserve currency - or Special Drawing Rights - is a good idea for many reasons. Yes, for the Chinese it would cushion any fall in the value of the dollar per se because it would only be part of a basket of other currencies, including the yen and the euro.
Trading is a small part of the work of the stock exchanges. They are really to do with financial speculation, and they speculate on the value of the yen, the dollar, the pound, the franc, or the euro, at any given time. Billions are lost and billions are made by this speculation, and that's what the stock exchanges are about. They are for greedy minds.
Japan is doing a big number on the yen, devaluing it.