Foreign governments no longer see USD as safe haven for their national reserves

The view of the U.S. dollar as the sure refuge was the one thing shoring up the dollar no matter how much debt the U.S. piled up. Now the view has changed. One chapter in world history has closed. Another now opens.

Canadian scholar Gregory Chin explains how American policies boxed in their own currency. That part of his discussion is in Part 2 starting at the 21:00 mark. 

Chin's talk, titled The Renminbi and the Making of an International Currency, given for the London School of Economics, starts at the 8:24 mark after the introduction. The talk is followed by a Q&A session. 

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