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September 27, 2017 | The Fabulous Shrinking Renminbi…

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

Over the last several years, many writers and assorted cranks, those with little understanding of the global financial system in its current form, have warned “soon [whatever nebulous time-frame that may be] the Chinese currency will replace the US dollar.” Back in early 2000’s we considered such a warning as either total hogwash, or at the least a bit of hyperbole. In fact, back in late 2010 we penned a report for our subscribers titled: “The Chinese yuan will soon replace the US dollar as world reserve currency: Not in this lifetime!” More on that shortly

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September 27th, 2017

Posted In: Black Swan Currency Currents

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