China Goes for Gold?

David Hale discusses his book and the global gold market, focusing on China's potential gold acquisition to bolster the RMB. He explores the historical context of the US dollar's rise as a reserve currency and the implications of reserve currency status. The conversation shifts to the future of global reserve currencies, considering the euro and RMB as potential rivals to the dollar.

What concerns does the economist express about the potential rise of the RMB as a reserve currency?

What impact does the economist suggest a strong global currency has had on America's fiscal policy?