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https://torontosun.com/opinion/columnists/carney-currency-gamble-risks-more-repercussions
“The real story they missed
According to the Times, Carney spent more than an hour at their offices in midtown Manhattan for a wide-ranging interview. Toward the end of their report on the interview, the Times dropped the nugget that would concern Washington the most: Carney wants an end to the U.S. dollar as the global reserve currency.
“Mr. Carney on Wednesday also reiterated his long-held view that a global financial system wholly dependent on the U.S. dollar was unsustainable. A move to a multipolar system in which there are several reserve currencies would ‘provide more flexibility,’ he said,” the Times reported.
He also admitted that there would need to be changes and a liberalization of China’s currency and financial markets for this to happen.”
“That’s a declaration of war,” a friend said to me after I read the passages about the currency issue from the New York Times report.
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