Is there risk of a cataclysm? Changing perceptions of the dollar

President Obama's printing of US dollars to tackle US economic woes is already a fact everybody knows. One year after the president's election, it is time for us to assess what are the likely impacts such a strategy is having, say across the Pacific Ocean on the shores of Shanghai. In the early 1980s, even whilst walking leisurely along the Bund, I found ordinary Chinese eager to purchase any amount of US dollars with Mao‐faced, Chinese renminbi. Even as late as the 1990s, when I embarked in search of a China entry strategy for a Swiss corporation (Foo, 2001...