In response to:

Is the Yuan About to Replace the Dollar as the World's Reserve Currency?

pryan Wrote: Nov 06, 2012 7:58 PM
Let's take a closer look at the Congressman from Wisconsin. Paul Ryan on Bailouts and Government Stimuli -Voted YES on TARP (2008) -Voted YES on Economic Stimulus HR 5140 (2008) -Voted YES on $15B bailout for GM and Chrysler. (Dec 2008) -Voted YES on $192B additional anti-recession stimulus spending. (Jul 2009) Paul Ryan on Entitlement Programs -Voted YES on limited prescription drug benefit for Medicare recipients. (Nov 2003) -Voted YES on providing $70 million for Section 8 Housing vouchers. (Jun 2006) -Voted YES on extending unemployment benefits from 39 weeks to 59 weeks. (Oct 2008) -Voted YES on Head Start Act (2007)
pryan Wrote: Nov 06, 2012 7:58 PM
Let's take an even closer look at the Congressman from Wisconsin.

Paul Ryan on Education
Rep. Ryan went along with the Bush Administration in supporting more federal involvement in education. This is contrary to the traditional Republican position, which included support for abolition of the Department of Education and decreasing federal involvement in education.

-Voted YES on No Child Left Behind Act (2001)

Once again we are seeing articles and research papers stating the Chinese renminbi (yuan) is about to replace the dollar as the global reserve currency.

Here is a working paper by Arvind Subramanian and Martin Kessler at the Peterson Institute of International Economics stating The Renminbi Bloc is Here: Asia Down, Rest of the World to Go?.

A country’s rise to economic dominance tends to be accompanied by its currency becoming a reference point, with other currencies...
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