You might want to reconsider. Seems like Uncle Bucky is having some perception problems:
- Banks back switch to renminbi for trade
- A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China.
- HSBC, which recently moved its chief executive from London to Hong Kong, and Standard Chartered, are offering discounted transaction fees and other financial incentives to companies that choose to settle trade in the Chinese currency.
- “We’re now capable of doing renminbi settlement in many parts of the world,” said Chris Lewis, HSBC’s head of trade for greater China. “All the other major international banks are frantically trying to do the same thing.”
The big banks would like to thank you for saving them from the complete destruction that otherwise would have resulted from their own stupidity. Now that they have used CONgress to steal money from you to keep them afloat, they are now busily pursuing business strategies to abandon you. It’s kind of like getting picked up in a bar, raped, and then dumped naked on a roadside.
